Management Team

200539480-001
Experience, relationships and global perspectives characterize our management team.

Raymond J. Harbert
Chairman & Chief Executive Officer

Raymond J. Harbert

Raymond J. Harbert has served as Chairman and Chief Executive Officer of Harbert Management Corporation, an alternative asset investment management firm, since it was organized in 1993.

Mr. Harbert began his career with Harbert International, Inc., a subsidiary of Harbert Corporation, in 1982 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 December 1988, he was elected Vice President of Harbert Corporation, where he had overall responsibility for the firm’s investment portfolio. In July 1990, he was elected President and Chief Executive Officer of Harbert Corporation, which brought the remainder of the firm under his management.

Mr. Harbert serves on the Board of Trustees of Auburn University, where he is the President Pro Tem. Mr. Harbert also serves on the Board of Trustees for the State of Alabama Trust Fund and the Robert Meyer Foundation. He serves on the Board of Trustees and is a member of the Executive Committee of Children’s Hospital of Alabama. In addition, Mr. Harbert serves on the Board of Directors and the Executive Committee for Birmingham Business Alliance. He also serves as a member of the President’s Advisory Board of the University of Alabama at Birmingham and the Alabama Business Hall of Fame Nominating Committee. Mr. Harbert is a past member of Leadership Alabama, Young Presidents’ Organization, and a former Alabama State Chairman for YPO.

In 2006, Mr. Harbert was awarded the regional Ernst & Young’s Entrepreneur of the Year Award for Financial Services. Mr. Harbert holds a Bachelor of Science degree in business from Auburn University. He and his wife, Kathryn Dunn Harbert, have three children.

Michael D. Luce
President & Chief Operating Officer

Mike Luce

Mr. Luce joined HMC in 1995 and serves as 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 Investment Committee for the Community Foundation of Greater Birmingham and on the Board of Directors of Presidential Financial Corporation, Dent-A-Med, Inc., United Way of Birmingham, Children’s Harbor, and Alabama School Readiness Alliance. Mr. Luce holds a BBA from the University of Miami and a Masters of Business Administration from the University of Michigan.

David A. Boutwell
Executive Vice President & Chief Financial Officer

David Boutwell

Mr. Boutwell joined HMC in 1994 and became its EVP & Chief Administrative Officer in 2002 serving through 2011 when he became EVP and Chief Financial Officer. Mr. Boutwell is a Certified Public Accountant and Certified Management Accountant, and he 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 earned a Bachelor of Sciences and a Master of Arts in Accounting, both from the University of Alabama. He is a member of and provides financial expertise to all of the HMC investment committees. Mr. Boutwell is a member of the Board of Visitors of the Culverhouse School of Commerce at the University of Alabama.

Charles D. Miller
Executive Vice President & Global Head of Distribution

Charlie Miller

Mr. Miller joined HMC in 1994 and became Executive Vice President & CFO in 2002 serving through 2011 when he became EVP and Global Head of Distribution. 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
Executive Vice President; Managing Partner

Will Brooke

Mr. Brooke is one of Harbert Management Corporation’s founding shareholders, and has served on its Board of Directors since 1994. He also is as a member of the Investment Committee and Members’ Advisory Committee of the Harbinger/Aurora Venture Funds. He presently serves as a member of the Board of Directors of MaxCyte, Inc., of Rockville, MD, Innovative BioSensors, Inc., of College Park, MD, Aldagen Holdings, LLC, of Raleigh, NC and nContact Surgical, Inc., of Raleigh, NC, and has previously served on the boards of several venture and private equity-backed companies, including Emageon, Inc. (NASDAQ: EMAG), Nationwide Homes, Inc., Visador, Inc., Optimal IMX Corporation, NovaMin Technologies, Inc. and Atherotech, Inc.

Mr. Brooke joined Harbert Corporation and its affiliates as Vice President and General Counsel in August of 1991, and served as their Chief Operating Officer from 1995 until 2001. Before his employment with Harbert, Mr. Brooke was founder and Managing Partner of the Birmingham law firm, Wallace, Jordan, Ratliff and Brandt (originally, Wallace, Brooke & Byers), and an attorney with the Burr & Forman law firm in Birmingham.

Mr. Brooke has served as a visiting lecturer at the MBA and undergraduate programs at The University of Alabama, where he is a member of its Alabama Entrepreneurship Council. He is Chairman of the Alabama Innovation Council Study Commission. He is a current member and Past Chairman of the Board of each of Southeast BIO, Birmingham’s Innovation Depot, the Business Council of Alabama, and the Board of Visitors at the Culverhouse School of Business at The University of Alabama. He is a member of Leadership Alabama, the Society of International Business Fellows and is a Rotarian.

Mr. Brooke holds degrees in Business Administration (B.S., 1978) and Law (J.D., 1981) from The University of Alabama.

John W. McCullough
Senior Vice President & General Counsel

John McCullough

Mr. McCullough joined HMC in 2006 as a Vice President and Associate General Counsel, was appointed Senior Vice President and General Counsel effective March 9, 2009 and was elected to serve on the Board of Directors in 2014. Before joining HMC, he was a partner in the law firm of Balch & Bingham LLP and Associate General Counsel of a publicly traded client of that firm. He also serves as a member of the Board of Trustees of McWane Science Center, a science museum and early learning center in Birmingham, Alabama. Mr. McCullough received a Bachelor of Arts in Economics from Washington and Lee University and received a law degree from the Cumberland School of Law of Samford University.

Joel B. Piassick
Executive Vice President

Joel Piassick

Mr. Piassick joined HMC as a Vice President and 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, and was re-elected as General Counsel on September 26, 2008. Mr. Piassick also is a member of several HMC investment committees. 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 an emeritus trustee of the Southeastern Bankruptcy Law Institute, which he has served as President and Chairman. Mr. Piassick also serves as a Member of the Board of Directors of the Birmingham Museum of Art, Collat Jewish Family Services, The Birmingham Jewish Federation and Temple Emanuel.