– USA, NY – Jefferies Financial Group Inc. (NYSE: JEF) today announced the appointment of Tom Jones to its Board of Directors effective March 28, 2022.
“We are very pleased to welcome Tom as our newest independent Director. Tom’s proven track record as a business leader and forward thinker closely aligns with Jefferies’ strategies. And his significant and successful experience in the financial services industry further complements and enhances our existing Directors’ broad skill sets. We are thrilled to have a leader with such a strong moral character and a proven lifetime commitment to positive change join our Jefferies Board of Directors.” said CEO, Rich Handler.
Jefferies also announced that Frank Borges has announced that he will not be standing for re-election to the Board.
In addition, Jefferies added that effective March 28, 2022, Linda Adamany will become the Lead Independent Director of the Board.
Ms. Adamany has served on the Board since 2014 and is currently the Chairperson of the Board’s Risk and Liquidity Oversight Committee and a member of the Audit, Nominating and Corporate Governance, and ESG/DEI Committees.
About Thomas W. Jones
Mr. Jones is the Founder and Senior Partner of venture capital investment firm TWJ Capital LLC since 2005. Mr. Jones previously was CEO of Global Investment Management at Citigroup from 1997 to 2005. Before Citigroup, Mr. Jones was Vice Chairman, President, and COO at TIAA-CREF from 1993 to 1997, and EVP and CFO at TIAA-CREF from 1989 to 1993. From 1982 to 1989, Mr. Jones was SVP and Treasurer, and held other senior positions, at John Hancock Life Insurance Company. Mr. Jones began his career in management consulting at Arthur Young & Company in 1973.
Mr. Jones is a member of the corporate board of directors of Assured Guaranty Ltd. He has served previously on the corporate boards of Altria Group, Freddie Mac, Travelers Group, TIAA-CREF, Fox Entertainment Group, Pepsi Bottling Group, Thomas & Betts Corp, Eastern Enterprises, and Federal Reserve Bank of New York (former vice-chairman). He has also served on the nonprofit boards of trustees of Cornell University, Cornell University Medical College, Massachusetts General Hospital, Children’s Hospital Medical Center (Boston), PBS Channel Thirteen (New York), Brookings Institution, and Boston Ballet Company.
Mr. Jones received his Bachelor of Arts and Masters of Science degrees from Cornell University, and a Masters of Business Administration degree from Boston University. He has also been awarded honorary doctoral degrees by Howard University, Pepperdine University, and College of New Rochelle. Mr. Jones is trustee emeritus of Cornell University, recipient of the Frank H.T. Rhodes Exemplary Alumni Service Award from Cornell University, and has been elected Presidential Councillor by Cornell University, the university’s highest distinction. Mr. Jones is the author of From Willard Straight to Wall Street: A Memoir (Cornell University Press, 2019), winner of the 2020 Axiom Business Book Award Bronze Prize in the memoir/biography category. Mr. Jones is a Certified Public Accountant and has been designated Board Governance Fellow by the National Association of Corporate Directors.
Mr. Jones said: “I am excited to join the Jefferies Board. I have studied Jefferies and am impressed not only with its growth story over the past twenty years but also with the way it has performed recently as the Board’s and management’s shared strategy have resulted in back-to-back record years. I was honored to be asked to join the Board and eagerly accepted the opportunity. I’m very much looking forward to working with my fellow Board members and Rich and Brian.”
Jefferies Financial Group Inc. is a diversified financial services company engaged in investment banking and capital markets, asset management, and direct investing. Jefferies Group LLC, our wholly-owned subsidiary, is the largest independent, global, full-service investment banking firm headquartered in the U.S. Focused on serving clients for nearly 60 years, Jefferies is a leader in providing insight, expertise, and execution to investors, companies, and governments. Our firm provides a full range of investment banking, advisory, sales and trading, research, and wealth management services across all products in the Americas, Europe, and Asia. Jefferies’ Leucadia Asset Management division is a growing alternative asset management platform.
For more information: https://www.jefferies.com/
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