Extensive Operational Experience

Carlos Barroso

Carlos Barroso is Senior Vice President, Global Research & Development (R&D) of Campbell Soup Company. He previously was the President and Founder of CJB and Associates, a high level R&D Consulting firm specializing in the Food and Beverage sector. He has built an extensive, open innovation network with external research partners across universities, suppliers, consultants, and small entrepreneurs located around the world. His clients include fast growing startup companies as well as Fortune 100 CPG and Retailer companies. Prior to starting CJB and Associates Carlos was the Senior V.P. of R&D for PepsiCo Global Foods where he led product innovation that fueled significant incremental revenue. Prior to PepsiCo, Carlos was a Director of R&D with Procter & Gamble with experience in the global Beverage and Paper Goods categories as well as Market Research. Carlos holds a degree in Chemical Engineering from Georgia Tech and serves as Vice Chair on the External Advisory Board for the school of Chemical and Biomolecular Engineering. He claims to know how to make the perfect espresso.

Steve Bonner

Mr. Bonner joined Cancer Treatment Centers of America (CTCA) in 1999 as President and Chief Executive Officer and has served as a member of the CTCA Board since 1996. In July, 2013, he assumed the new role as Executive Chairman for CTCA, and completed his role as a CTCA Executive on February 1, 2014. In September, 2014, he accepted an appointment as an Entrepreneur in Residence at Harvard Business School’s Rock Center for Entrepreneurial Studies. He mentors students on health care, health policy, and health care innovation, and also co-taught four courses on healthcare innovation. A passionate advocate of patient-centric, quality-driven healthcare, he has championed putting patients in control of their own medical decisions by empowering them with comprehensive, unbiased information about their medical conditions. Mr. Bonner’s commitment to unsurpassed patient care has recently earned him a place on Modern Healthcare magazine’s prestigious list of the “100 Most Influential People in Healthcare”.

Fraser Clarke
Retail Operations

Fraser Clarke has been growing service-oriented health and finance companies for nearly 20 years. He has a unique ability to identify and provide a long term vision for growth coupled with strong operating knowledge. Fraser left a successful investment banking career in 2002 to join Hair Club as Chief Financial Officer. Within months of joining the company, Fraser's responsibilities expanded to include marketing, sales and operations for the company's 85 corporate and franchise locations. In 2004, as Hair Club's Chief Financial and Operating Officer, Fraser lead the company's sale to Regis Corporation (RGS:NYSE). In 22 months EBITDA grew by over 200% and investors achieved a +4x return. As part of the sale, Fraser transitioned to President and Chief Executive Officer. In 2009 Fraser joined Herbal Magic, Canada's largest commercial weight loss company. Fraser applied the strong business principles designed and successfully practiced at Hair Club while also modernizing Herbal Magic from both a business and technology perspective. In addition, the company rapidly transitioned from a franchise system to a corporately owned and operated business through more than 200 franchise acquisitions. As a corporately controlled company, Herbal and its US operating brand LA Weight Loss expanded location count by opening 48 locations in 18 months. In August 2014 Fraser acquired 100% of Massage Addict, Canada’s largest and fastest growing provider of Registered Massage Therapy. In just 14 months, Massage Addict has opened 25 clinics (49 total), more than doubled revenue, transitioned from 100% franchise to a blended corporate (30%) and franchise (70%) structure and built industry leading support, training and technology infrastructure. Fraser serves on a number of public and private boards including PhysicianOne Urgent Care, Tuckamore Capital and Canoe Therapy. Fraser previously served on the board of Mobivity Holdings Corp., Element Financial and David’s Condiments. Fraser has a BComm (Honors) degree from Memorial University of Newfoundland and is a Chartered Accountant and Chartered Financial Analyst. In the business world Fraser is a strong leader, at home he states he is at the mercy of his four daughters.

John Donahue

John J. Donahue has a 30 year track record of unlocking value in pain management, hospital medicine, radiology benefits management, clinical laboratory, pharmaceutical, vaccine, health information technology and entrepreneurial ventures. He is currently the Chairman and CEO of axial healthcare, the nation’s leading episodic pain management company based in Nashville, TN. Most recently he was the President and CEO of Cogent Healthcare, the country’s largest private hospital medicine company also based in Nashville. He was the Cofounder and CEO of the pioneering Radiology Benefit Management company National Imaging Associates (NIA) which was sold to Magellan Health Services (NASDAQ:MGLN) where he served as Chairman and CEO of the radiology services business unit.

John B. Elstrott, Jr.

John is the Chairman of the Board of Whole Foods Market, Inc. He concurrently serves as a Professor and the Executive Director of the Levy-Rosenblum Institute for Entrepreneurship at Tulane University's Freeman School of Business. He teaches courses in entrepreneurship and has research interests in this field, as well as family business, strategic planning, regional economic development, technology commercialization and environmental economics. Prior to joining the Tulane University faculty, John was Chief Financial Officer for Celestial Seasonings, Inc. He is an active entrepreneur in the venture capital, wetlands mitigation banking, pharmaceutical, financial services, medical and functional food, and authentic herbal remedy industries. John serves on the boards of several public and private corporations and non-profit community service organizations, including Sambazon, Bioregen, PreSonus, Traditional Medicinals and many others. He holds Bachelor and Master's degrees in economics from Louisiana State University at Baton Rouge, and a Doctorate in economics from the University of Colorado at Boulder.

Lorraine Riche

Lorraine Riche, MPA is Vice President at Clinovations with more than 20 years of experience working in health care. Mrs. Riche brings both a clinical and operational perspective from a variety of health care settings including acute, ambulatory and community-based arenas. In her extensive health care career, she has served as a treating clinician, an independent business owner and operator, and a member of the executive leadership team in for-profit, non-profit, start-up and private equity backed organizations. She is an experienced leader with a thorough understanding of operations, expense management and revenue cycle performance improvement. She also has a disciplined project management approach resulting in on time, on budget deployment of technology, service expansion and new facilities. Throughout her career, she has worked with organizations providing health and human services in Canada, the US and Europe. She has a passion for improving the lives of people served through the coordination and collaboration of health care and business stakeholders to achieve the ultimate goal of delivering care at the right time, in the right place, at the right cost.

Paul Rothbard
Fitness & Lifestyles; CEO, In-Shape Health Clubs

Paul has been CEO of In‐Shape Health Clubs since 1992 and has led the company’s growth and development of its strategy. He has been personally involved in all aspects of the business over the years and has successfully assembled a talented management team designed to execute and grow the company. Paul and his team have implemented numerous changes at In-Shape that have brought consistent success. Paul holds a bachelor’s degree in mechanical engineering from UCLA and an MBA from the University of Chicago.

John Thomson
Investment Strategy & Development

John was the Co-Founder of Norwest Equity Partners (NEP) focusing on buyouts, recapitalizations, and growth financings for a variety of NEP industrial, business services, logistics and distribution portfolio companies. He was a Partner at NEP for 27 years with six equity and three mezzanine funds raised in partnership with Norwest Corporation and Wells Fargo. John spent 10 years as an active lender in the management buyout marketplace at Norwest Bank and has over 35 years of investment and lending experience, and developing business relationships.

John is a member of the Board of Trustees for the Walker Art Center; Collector Council for the Museum of Modern Art and Guggenheim Museum; Board of Directors of Youth Inc. and Jacobson Company, Des Moines; Board of Governors of the School at the Art Institute of Chicago; Chairman Cirkers Logistics, NYC.

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