The McGraw-Hill Companies announced ?the appointment of Richard E. “Dick” Thornburgh to its Board of Directors.
Mr. Thornburgh, 59, is Vice Chairman of Corsair Capital LLC, a private equity firm focused on investing in the global financial services industry. Before joining Corsair in 2006, Mr. Thornburgh spent a good part of his executive career with Credit Suisse First Boston, the United States-based investment banking arm of Credit Suisse.
“We are delighted to add Dick to our Board.” – Harold McGraw III chairman, president and chief executive officer McGraw-Hill Companies
“He is an accomplished financial services executive whose broad experience in global capital markets and expertise in regulated business will be a tremendous asset to McGraw-Hill as we make progress on our Growth and Value Plan,” he explained.
From 2004-2005, Thornburgh served as Executive Vice Chairman of CSFB. He also served at various points as Chief Financial Officer and Chief Risk Officer for the entirety of Credit Suisse. He began his investment banking career with The First Boston Corporation, a predecessor firm of CSFB, in 1976. He spent 20 years in the investment banking department specializing in financial institutions. During that period he also ran the Los Angeles office in the late 1980s and was the first global head of the Financial Institutions group for CSFB.
He also has played international financial policy roles. Mr. Thornburgh was a member of the Executive Board of Credit Suisse until 2005, served as Chairman of the Securities Industry Association in 2004 and later joined its International Advisory Council, which aimed to provide guidance on World Trade Organization negotiations, United States-European Union market trends and dialogue and other issues affecting international capital markets.
He earned a B.B.A. in finance cum laude from the University of Cincinnati and an MBA from Harvard University and received an honorary doctorate in commercial science from the University of Cincinnati.