NEW YORK, March 16, 2021 /PRNewswire/ -- InterPrivate
III Financial Partners Inc. (NYSE: IPVF.U) (NYSE: IPVF) (NYSE: IPVF
WS) (the "Company") announced today that John McCoy, Rich
McGinn, Howard Newman and
Gordy Holterman were appointed to
the board of directors of the Company (the "Board") on March 4, 2021, in connection with the Company's
initial public offering. Messrs. Holterman, McGinn, Newman and
McCoy are independent directors. They join InterPrivate III
Financial Partners Inc.'s team which is led by Chairman
and CEO Ahmed Fattouh, Vice Chairman
Sunil Kappagoda, President
Nicholaos Krenteres, General Counsel
Brandon Bentley, Senior Advisors Lex
Sokolin and Jack Klinck, and Vice
President Minesh
Patel.
John McCoy retired as
Chairman and Chief Executive Officer of Bank One Corporation in
December 1999, where he had been CEO
since 1984. During his tenure as CEO, the company grew from
$9.1 billion in assets to
$269.4 billion, participating in
more than 100 acquisitions of other financial institutions. Prior
to moving to the parent company in 1983 as President and Chief
Operating Officer, he was president of Bank One, Columbus, NA from 1977 until 1983, and of Bank One
Trust Company, NA in 1981. He joined Bank One (then City National
Bank & Trust Company) in 1970. Mr. McCoy is a director of
Onex Corporation (OCX.SV on the Toronto Stock Exchange). He also
serves on the holding company board of First Capital Bancshares,
sits on the Advisory Board of Second Curve Capital, and is a member
of the PGA TOUR First Tee Foundation Board of Governors.
Mr. McCoy is a retired director of AT&T Inc. and Cardinal
Health, Inc. and retired Chairman of the PGA TOUR Policy board and
is former board chair and director of Battelle Memorial Institute.
Mr. McCoy is a former member of the board of trustees of
Williams College and of Stanford University and past chairman of the board
of trustees of Kenyon College. He has
served on the Advisory Council of the Graduate School of Business
at Stanford University and the Advisory
Board of FTV Capital.
Rich McGinn is a
prominent leader in the global communication systems, networking,
and technology industries, bringing more than 45 years of business
management, financial and investment experience. Mr. McGinn
currently serves as Chairman of Kaloom Inc., a data center software
company, and he is a board member of Cushman Wakefield PLC.
Previously, he was a cofounder and principal investor in Sky
Capital from 2014 until it was acquired in 2016. Before Sky
Capital, he served as Chairman, then CEO, of Verifone from 2011 to
2013. Mr. McGinn was a GP at RRE Ventures, a tech venture firm,
from 2001 to 2010, and he served as President, then CEO and
Chairman, of Lucent Technologies from 1996 to 2000. Before Lucent,
Mr. McGinn held numerous managerial and executive positions at
AT&T from 1969 to 1996, including President of Data
Networking, EVP EMEA, EVP AsiaPac, and CEO of Western Electric. He
has previously served on multiple boards including American
Express, Oracle, Verifone, ViaSystems, Cyota, Broadsoft and
Nexsan.
Howard Newman is
chairman and chief executive officer of Pine Brook Partners, an
investment firm that manages more than $3 billion of limited
partner commitments, and which he co-founded in 2006. He is
also a member of the Pine Brook's Investment Committee.
Mr. Newman currently represents Pine Brook on the boards of
Elevation Resources Holdings, LLC and La Luna Energy Partners, LP.
Over the course of his career, he has been a director or observer
on the boards of more than 50 companies, including 20 public
companies. Prior to co-founding Pine Brook, Mr. Newman
was with Warburg Pincus for 22 years, most recently as vice
chairman and senior advisor, and as a senior member of the Firm's
management and investment committees. At Warburg Pincus, he led or
co-led the energy, financial services, media, real estate and
general investment practices, and was directly involved in
investments in 47 companies. Before joining Warburg Pincus,
Mr. Newman spent 10 years in energy and financial services
investment banking at Morgan Stanley & Co. In addition to
overseeing Pine Brook's portfolio, Mr. Newman is a Trustee of The
Salk Institute for Biological Studies and serves on the board of
the Tunisian American Enterprise Fund. During the term of Governor
George Pataki of New York, Mr. Newman served as an advisor
on energy policy and as a senior advisor to the Long Island Power
Authority. Mr. Newman has served as a chairman of the Yale
Alumni Fund and as a member of the Yale
University Council and its Climate & Energy Institute
Advisory Board.
Gordy Holterman is a
successful investor, entrepreneur and senior bank executive and has
over 30 years of experience in making investments and building and
using technology for investment management. Mr. Holterman is
Founder and CEO of Proelio Capital where he focuses on active
investing in fintech companies, creating/growing businesses and
building successful JV's, partnerships and acquisitions with major
banks and asset managers. His primary area of focus is the fintech
ecosystem, as well as proptech, insurtech and agtech.
Mr. Holterman was previously CEO of Overland Advisors, a
multi-asset relative value hedge fund, Head of Financial
Products for Wells Fargo, and a partner and portfolio manager at
Farallon Fixed Income. Mr. Holterman began his career as an
M&A lawyer for Skadden Arps, and an options trader at O'Connor
& Associates (now UBS). As an active fintech investor and
advisor, he has invested and/or advised numerous fintech and
proptech investments including Jaris, Payoneer, Roofstock, Linkly,
LeapYear, Hearth, Zoe, CarIQ, and Vertis.ai, among others.
"We believe that one of the advantages InterPrivate III can
deliver to fintech targets is strong connectivity to the world's
most significant financial institutions who can become strategic
partners. John, Rich, Howard and Gordy exemplify the
expertise and relationship capital we hope to bring to bear," said
Ahmed Fattouh.
Mr. Holterman was appointed to the Board's Audit Committee,
serving as chair of the Audit Committee, Messrs. McGinn and Newman
were appointed to the Board's Compensation Committee, with Mr.
McGinn serving as chair of the Compensation Committee and Messrs.
Newman and McCoy were appointed to the Board's Nominating and
Corporate Governance Committee, with Mr. Newman serving as chair of
the Nominating and Corporate Governance Committee.
About InterPrivate III Financial Partners, Inc.
InterPrivate III Financial Partners Inc. is a blank check company
whose business purpose is to effect a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. While the
Company may pursue initial business combination targets in any
industry, the Company expects to pursue targets in the financial
services industry with a particular focus on tech-enabled
companies, with a focus on target companies with an enterprise
value of $1 billion or more.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
Company's search for an initial business combination.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement for the initial public offering filed with the SEC.
Copies are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Press Contact:
Charlotte Luer, Marketing
cluer@interprivate.com
View original
content:http://www.prnewswire.com/news-releases/interprivate-iii-financial-partners-inc-elects-former-bancone-chairman-and-ceo-john-mccoy-former-lucent-chairman--ceo-rich-mcginn-pine-brook-partners-chairman-howard-newman-and-fintech-entrepreneur-and-investor-gordy-holterman-301248592.html
SOURCE InterPrivate III Financial Partners Inc.