Raymond J. Harbert

Mr. Harbert has served as Chairman and Chief Executive Officer of HMC since it was organized in 1993.  He began his career with Harbert International, Inc., now a subsidiary of Harbert Corporation, where he held various positions.  Subsequently, Mr. Harbert served as Vice President of Business Development and then as President of Harbert Properties Corporation, Harbert Corporation’s real estate subsidiary.  In 1987, he was elected Vice President of Harbert Corporation, where his responsibilities included overseeing subsidiary operations, managing corporate mergers and acquisitions, and reviewing and making equity and venture capital investments.  In 1990, he was elected President and Chief Executive Officer of Harbert Corporation.   He serves as Trustee for the State of Alabama Trust Fund and as a Trustee of the Robert Meyer Foundation.  He is Vice Chairman of the Board of Directors and Executive Committee of the Children’s Hospital of Alabama and serves on the Board of Directors of the Alabama Symphony Orchestra.  In addition, Mr. Harbert serves as a member of the President’s Advisory Board of the University of Alabama at Birmingham, serves as a member of the Entrepreneurship and Liberal Arts Advisory Council for Wake Forest University, and is on the Benefactors Society Board for The College Foundation for the University of Virginia.  Mr. Harbert is a member of the Young Presidents’ Organization and Leadership Alabama.  In 2006, Mr. Harbert was awarded the regional Ernst & Young’s Entrepreneur of the Year Award for Financial Services.  He holds a Bachelor of Science degree in business from Auburn University.

Michael D. Luce

Mr. Luce joined HMC in 1995 and serves as its President & COO.  Before joining the firm, Mr. Luce worked with Bear Stearns & Company, where he served as a member of the Commitment Committee, Chairman of the Equity Committee, and as a Senior Managing Director in the New York office. While with Bear Stearns, Mr. Luce primarily focused on mergers, buyouts, and debt and equity transactions for public and private companies. He serves on the Board of Directors of Presidential Financial Corporation, Dent-A-Med and Children's Harbor. Mr. Luce holds a Master of Business Administration degree from the University of Michigan.

David A. Boutwell

Mr. Boutwell joined HMC in 1994 and became its Executive Vice President & CAO in 2002.  Mr. Boutwell is a Certified Public Accountant and Certified Management Accountant, and practiced with Ernst & Young from 1979 to 1990. There, he specialized in internal controls, manufacturing companies and public company SEC reporting. Mr. Boutwell joined Harbert Corporation in 1991 as its Director of Financial Projects and became its Controller in 1992. He received his Master of Arts degree in Accounting from the University of Alabama in 1975. He is a member of and provides financial expertise to all of the Harbert investment committees.

William R. Lucas, Jr.

Mr. Lucas joined HMC in December of 2003 and was appointed Executive Vice President & General Counsel effective January 1, 2006. He is also a member of several HMC investment committees. Before joining HMC, he served as Executive Vice President & General Counsel for both a publicly traded company and a private investment company. Prior to those roles, Mr. Lucas was engaged in the private practice of law focusing on commercial transactions, contract negotiations and corporate litigation. During his last five years of private practice, he served as managing partner of his law firm. Mr. Lucas received a Bachelor of Arts degree in economics from Vanderbilt University and received a law degree from the University of Virginia School of Law.

Charles D. Miller

Mr. Miller joined HMC in 1994 and became Executive Vice President & CFO in 2002.  Mr. Miller previously worked with Harbert Corporation.  He joined Harbert Corporation in 1985 and played a key role in that firm’s transformation from an operating conglomerate. During his career, he has served in various treasury and financial management roles, including Treasurer, Chief Financial Officer and Director of Corporate Acquisitions. His current responsibilities include the management of all fund raising and investor relations operations, along with credit and treasury functions across HMC. Before joining Harbert Corporation, Mr. Miller held various project management positions with Brown & Root in Houston, Texas and Venezuela. He holds a Bachelor of Science Degree in Civil Engineering from Auburn University and has completed the Wharton Executive Program at the University of Pennsylvania on Financial Management.

William W. Brooke

Mr. Brooke joined HMC in 1994.  Mr. Brooke is a Partner of the Harbinger/Aurora Venture Funds and serves on those funds’ Investment Committee and Members’ Advisory Committee. He serves on the boards of Aldagen, Innovative Biosensors, Maxcyte and Optimal Readings, as well as Southeast BIO, Atlanta Venture Forum, BioTech Association of Alabama and Innovation Depot.  He has been advising start-up companies for more than twenty years and has also served on the boards of AV Holdings (Atherotech), Visador, Nationwide Homes and Emageon (NASDAQ: EMAG). An Executive Vice President and Board member of HMC for over ten years, Mr. Brooke initially served as the firm’s General Counsel and later as its Chief Operating Officer. Before joining HMC, Mr. Brooke served as General Counsel of Harbert Corporation.  Prior to that role, he was founder and managing partner of Wallace, Jordan, Ratliff and Brandt, a law firm in Birmingham, AL. He is a guest lecturer on venture capital for the MBA programs at the University of Alabama and the University of Alabama in Birmingham, and he previously served as Chairman of Southeast BIO. He holds a degree in law (J.D.) and a Bachelor of Science degree in Business Management from the University of Alabama.

Joel B. Piassick

Joel B. Piassick joined HMC as a Vice President & Director of Investments in April 1998 and served as General Counsel from May 2000 through December 31, 2005. He was elected Executive Vice President on December 5, 2001. Previously, Mr. Piassick served as an outside director of HMC and as an advisor and attorney to HMC and its affiliates. From 1967 to 1990, Mr. Piassick was a member of the Atlanta law firm of Smith, Gambrell & Russell. Mr. Piassick joined the firm of Kilpatrick Stockton LLP in 1990, where he maintained a relationship through 2007. Mr. Piassick’s legal practice focused on general business matters and financial restructuring. He is a graduate of Tulane University and the University of Virginia School of Law, graduating with a Bachelor of Law degree in 1965. He is a Fellow and member of the Board of Directors of the American College of Bankruptcy and an emeritus trustee of the Southeastern Bankruptcy Law Institute, which he has served as President and Chairman.