SAN FRANCISCO – June 14, 2017 – The Northern California Chapter is pleased to recognize three chapter board members and their recent successes.
Don Yee, NACD Leadership Fellow and member of the chapter board of directors since 2013, is a member of the Blue Diamond Growers’ board of directors. Blue Diamond Growers is one of the five private company boards named as winners of Private Company Director, Directors and Boards and Family Business magazine’s second annual Private Company Board of the Year award.
The award was created to recognize those private companies that go above and beyond legal governance requirements and commit to the highest levels of governance, whether through fiduciary or advisory boards. The award recognizes the performance of the board as a whole.
The Blue Diamond Board was formed at the inception of the cooperative 107 years ago, but 10 years ago, the co-op decided to reassess its governance structure. “The business was large, but average performing,” said independent director Don Yee. “We wanted to be not just the biggest, but the best.” At the time, Blue Diamond was generating $650 million in revenues. By 2016 those revenues grew to $1.7 billion, and 2017 promises even greater revenues.
Profiles of the winners will appear in the September issue of Private Company Director magazine.
Kansas City Southern (KCS}) (NYSE:KSU) recently elected four new directors to their board, one of them is Lydia I. Beebe, Chair of the NACD Northern California Chapter board of directors; Lydia has been a member of the chapter board since 2009.
Lydia Beebe joins the Board of KCS after serving in various executive roles at Chevron Corporation, most recently as its Chief Governance Officer, and as an experienced director of public companies. She is a respected advisor on corporate strategy and is highly regarded for her expertise in working with all stakeholders. Ms. Beebe currently serves as Senior Of Counsel with the law firm of Wilson Sonsini Goodrich & Rosati, advising clients on a wide range of corporate governance issues.
“During my meetings with major institutional investors over the past year, I engaged in high-level discussions on corporate governance issues and perspectives that are important to them,” stated Robert J. Druten, chairman of the KCS board of directors. “The Board feels that Lydia, in addition to the knowledge and insights she gained as an executive at a multi-national company like Chevron, has deep expertise with boardroom issues and will further strengthen the corporate governance culture of our board and company.”
Fox Factory Holding Corp. (NASDAQ:FOXF) announced on June 13, 2017 the appointment of Elizabeth A. Fetter as a director on its board of directors, effective immediately, filling the director vacancy previously announced on January 10, 2017. Ms. Fetter will also sit on the Board's audit and compensation committees.
"Liz is a valuable addition to our board and brings over 20 years of both public and private company board experience to FOX including a background in governance, executive compensation and audit," commented Larry L. Enterline, the Company's Chief Executive Officer. "On behalf of senior management and our board of directors we are pleased to welcome Liz to the team and we look forward to her future contributions."
Liz has been a member of the chapter board of directors since 2015 and currently serves as the chapter treasurer.
Please forward news about new board appointments or other newsworthy topics and stories to Michael LoBue for consideration for Chapter News.