Catalyst Partners Acquisition Corp.

Catalyst Partners Acquisition Corp.

Mar 11, 2021 by Kristi Marvin

SUBSEQUENT EVENT – 7/7/22 – LINK

  • The SPAC and the Underwriter (Goldman Sachs) entered into an agreement pursuant to which Goldman Sachs waived all rights to the Deferred Discount (as defined in the Underwriting Agreement). The Deferred Discount was for an amount of approximately $12 million and was owed upon consummation by the Company of an initial business combination. The Company continues to pursue an initial business combination but there is no assurance it will be able to consummate one.

MANAGEMENT & BOARD


Executive Officers

Dr. James I. Cash, 73
Chairman and Chief Executive Officer

Dr. Cash is the James E. Robison Professor and Senior Associate Dean, Emeritus, of the Harvard Business School, where he served as a member of the faculty from 1976 to 2003. Dr. Cash participates on several public, private and not-for-profit boards, including Chubb Ltd. where he has served on the board since February 2016, and The Chubb Corporation, where he served from April 1996 to February 2016. Dr. Cash also currently serves as an advisor to General Catalyst Partners and Grain Management and on the advisory board of Quantum Xchange. In the past he has served on the Boards of several Fortune 100 companies, such as Walmart, General Electric, and Microsoft. He has also served on the Boards of Sprint, Scientific Atlanta, State Street Corp., Veracode, and Carbon Relay. Under the umbrella of The Cash Catalyst, LLC, Dr. Cash runs personal development programs for executives and board members of Global 500 organizations interested in the intersection of information technology and corporate strategy. Dr. Cash graduated from Texas Christian University with a B.S. in Mathematics, while being named an Academic All-American. Later he received a Master of Science in Computer Science from Purdue University’s Graduate School of Mathematical Sciences; and a Doctor of Philosophy in Management Information Systems (MIS) and Accounting from Purdue University’s Krannert Graduate School of Management.


Paul Sagan, 62
President and Vice Chairman

Mr. Sagan has served as a senior advisor and Executive in Residence (XIR) at General Catalyst since July 2020. Mr. Sagan also served as a managing director at the firm from January 2018 to July 2020, and as an XIR from February 2014 to January 2018. Mr. Sagan also serves as a director of Moderna, Inc., since June 2018, and as a director of VMware, Inc., since April 2014, and as VMware’s lead director since February 2015. Previously, Mr. Sagan was a director of several other public companies, including Digitas, Inc.; Dow Jones & Company; EMC, Corp.; and iRobot Corp. Prior to joining General Catalyst, Mr. Sagan was Chief Executive Officer of Akamai Technologies, Inc., a pioneer in internet content delivery, application performance and cloud security, and now one of the largest cloud services providers. He joined Akamai in October 1998 as chief operating officer and employee #15, became president the following year, and was CEO from April 2005 until 2013. Mr. Sagan was elected to the Akamai Board of Directors in January 2005 and served until 2019. Mr. Sagan was a member of President Obama’s National Security Telecommunications Advisory Committee from December 2010 until January 2017. From July 1997 to August 1998, Mr. Sagan was Senior Advisor to the World Economic Forum. Previously, Mr. Sagan held senior executive positions at global media and entertainment companies Time Warner Cable and Time Inc., affiliates of Time Warner, Inc., as well as at CBS, Inc. Mr. Sagan received a B.A. from the Medill School of Journalism, Northwestern University, where he is a life trustee. He also serves as board chair of ProPublica, Inc.


Robin L. Washington, 58
Chief Development Officer

Ms. Robinson is the former executive vice president and chief financial officer of Gilead Sciences, Inc. She held this role from May 2008 until November 2019, the effective date of her retirement and remained an advisor to the company until March 2020. From 2006 to 2007, Ms. Washington served as chief financial officer of Hyperion Solutions, an enterprise software company that was acquired by Oracle Corporation in March 2007. Prior to that, she spent nearly 10 years at PeopleSoft, Inc., where she served in a number of executive positions. Since April 2019, Ms. Washington has served on the board and on the leadership development and compensation committee of Alphabet Inc. She also currently serves as a director of Honeywell International, Inc., where she has served since April 2013, and as director of Salesforce.com, where she has served since September 2013 and where she currently chairs the audit committee. Ms. Washington currently serves on the Board of Vertiv, Inc., the company with which GS Acquisition Holdings Corp. completed a business combination. Ms. Washington also serves on the Presidents Council & Ross Business School Advisory Board, University of Michigan and the UCSF Benioff Children’s Hospital Oakland Board of Directors. Ms. Washington is a certified public accountant and received a B.A. in Business Administration from the University of Michigan and an M.B.A. from Pepperdine University.


Evan Sotiriou, 46 [Resigned 8-17-21]
Chief Operating Officer

Mr. Sotiriou has served in several senior management capacities of General Catalyst since 2019 and as Chief Operating Officer of Health Assurance Acquisition Corp. and Revolution Healthcare Acquisition Corp. since their formations. Prior to that, Mr. Sotiriou served as the Chief Financial Officer for OrbiMed, which invests globally across the healthcare industry, from 2011 to 2019. Mr. Sotiriou also acted as the Vice President of GSC Group from 2000 to 2008, Managing Director of Clearlake Capital Management, L.P. from 2008 to 2010 and subsequently as the Chief Financial Officer for Archer Capital Management, L.P. from 2010 to 2011. Mr. Sotiriou holds an A.B. from Dartmouth College.


Paul Fielding, 34 [Appointed 8-19-21]
Chief Operating Officer

Mr. Fielding joined General Catalyst Partners, LLC, an affiliate of the Sponsor, in March 2021. Prior to joining General Catalyst in March 2021, Mr. Fielding served as Managing Partner at Grenet Partners from June 2019 until December 2020. Before Joining Grenet Partners, Mr. Fielding served as a Principal at General Catalyst from June 2018 until June 2019. Mr. Fielding served as Vice President of Products, Pricing, and Risk at SoFi from May 2013 until March 2018. Mr. Fielding was responsible for financial product design, loan features, and daily pricing for SoFi’s lending businesses. Mr. Fielding also led Capital Markets for SoFi, launching its financing platform where he and his team raised over $12B through securitizations, loan sales, and other private transactions and oversaw $3B+ in borrowings. Prior to joining SoFi, Mr. Fielding was a principal and co-founder at MeasureOne, a student lending focused data and analytics firm offering portfolio management, servicing oversight, and analytics services. Mr. Fielding holds a B.A., magna cum laude, in Economics and Accounting from UCLA.


Kevin King, 36
Investment Partner

Mr. King has served as an investor at General Catalyst since 2019. Mr. King previously was a Partner at Windhorse Capital Management from 2011 to 2018. Prior to that Mr. King worked at Goldman Sachs from 2006 to 2011. Mr. King holds dual degrees, an A.B. in Mathematics and a B.S. in Economics, from Duke University and a MBA from the MIT Sloan School of Management. Mr. King is also a Chartered Financial Analyst.


Board of Directors

Kenneth I. Chenault, 69
Director Nominee

Mr. Chenault is the Chairman and a Managing Director at General Catalyst. Prior to joining General Catalyst, Mr. Chenault was Chairman and CEO of American Express Company, a position he held from 2001 to 2018. He joined American Express in 1981 as director of strategic planning and served subsequently in a number of increasingly senior positions, including Vice Chairman and President and Chief Operating Officer, until his appointment as CEO. Mr. Chenault serves on the boards of Airbnb, Berkshire Hathaway, Chief, Guild Education, and the Harvard Corporation. He also serves on the Board of Governors of the NCAA. Chenault is on the boards of numerous nonprofit organizations, including the Smithsonian Institution’s Advisory Council for the National Museum of African American History and Culture, the National 9/11 Memorial and Museum at the World Trade Center, Bloomberg Philanthropies, the Council on Foreign Relations, and the Human-Centered Artificial Intelligence Advisory Council at Stanford University. He also serves on the Board of Trustees for NYU Langone Health. Mr. Chenault previously served on the Boards of Directors of International Business Machines Corporation from October 1998 to February 2019 and The Procter & Gamble Company from April 2008 to February 2019. Mr. Chenault holds a B.A. in history from Bowdoin College and a J.D. from Harvard Law School.


Ann Fudge, 69
Director Nominee

Ms. Fudge, a director nominee, is former Chairman and CEO of Young & Rubicam Brands, a global network of pre-eminent companies across the full range of marketing communications. Young & Rubicam Brands companies include Y&R (advertising), Burson-Marsteller (public relations/?public affairs), Wunderman (direct and database marketing), Landor Associates(brand consulting and creative design), Sudler & Hennessey (strategic healthcare communications) and Cohn & Wolfe (public relations) among others. Prior to Young & Rubicam Brands, Ms. Fudge served as President, Beverages, Desserts and Post Division –a $5 billion unit of Kraft Foods. She served on Kraft’s Management Committee and has managed many businesses including Maxwell House Coffee, Gevalia Kaffe, Kool Aid, Crystal Light, Post cereals, Jell-O desserts and Altoids. Before joining General Foods, she spent nine years at General Mills, where she began as a Marketing Assistant and rose to the level of Marketing Director.She serves on the Board of Directors of Northrop Grumman and Novartis. She serves as Chair of the Board of GBH Public Media.Ms. Fudge is a trustee of the Brookings Institution and served on the Boards of the Rockefeller Foundation, the Council on Foreign Relations, the Finance Committee of the Harvard University Corporation, and Chair of the U.S. Program Advisory Panel for the Gates Foundation. She has served as Vice Chair of the Harvard Board of Overseers, on the Board of Catalyst, the NY Philharmonic and on the Board of Governors for the Boys and Girls Clubs of America. She has also served on the Board of the Federal Reserve Bank of New York, Liz Claiborne, Allied Signal, Honeywell, Marriott International, Infosys and General Electric. In February, 2010 President Obama appointed Ms. Fudge to serve on the National Commission on Fiscal Responsibility and Reform which issued its Report, “The Moment of Truth”, in December, 2010. She has also served on the Foreign Affairs Policy Board of the U.S. State Department. Ms. Fudge has received the Matrix Award for Advertising from New York Women in Communication and was a recipient of the NY Executive Council’s Ten Awards for leadership and innovation in business. She was named one of Time Magazine’s Global Business Influentials. In 2019 she was inducted into the American Academy of Arts and Sciences. Among her other honors are Leadership Awards from the Minneapolis and New York City YWCA, an Alumni Achievement Award from Harvard Business School, a Lifetime Achievement Award from Ebony magazine, and a Legacy Award in Business from Black Enterprise magazine. She has been profiled in Black Enterprise, Business Week and The New York Times, among others and named by Fortune magazine as one of the 50 most powerful women in American business. Ms. Fudge received her BA from Simmons College and her MBA from Harvard University Graduate School of Business.


David J. Grain, 58
Director Nominee

Mr. Grain is the Chief Executive Officer of Grain Management, a private equity firm focused on global investments in the media and communications sectors, which he founded in 2006. Mr. Grain also founded and was formerly Chief Executive Officer of Grain Communications Group, Inc. Prior to founding Grain Management, he served as President of Global Signal, Inc., Senior Vice President of AT&T Broadband’s New England Region and Executive Director in the High Yield Finance Department at Morgan Stanley. In 2011, Mr. Grain was appointed by President Obama to the National Infrastructure Advisory Council and previously served as Chairman of the Florida State Board of Administration Investment Advisory Council. Mr. Grain is a Director of the Southern Company and New Fortress Energy LLC, serving as a member of the Audit Committee. He is currently a member of the Advisory Board of the Amos Tuck School of Business Administration at Dartmouth College, the Smithsonian Institution’s Advisory Council for the National Museum of African American History and Culture and is a Trustee of the Brookings Institution. Mr. Grain earned an M.B.A. from the Amos Tuck School at Dartmouth College in 1989 and a B.A. in English from the College of the Holy Cross in 1984.


Steven S. Reinemund, 73
Director Nominee

Mr. Reinemund has served as Dean at Wake Forest University School of Business from July 2008 to June 2014, an organization he joined after a 23-year career with PepsiCo, Inc. At PepsiCo, Mr. Reinemund served as Executive Chairman from October 2006 to May 2007, and as Chairman and Chief Executive Officer from May 2001 to October 2006. Prior to being Chief Executive Officer, he was PepsiCo, Inc.’s President and Chief Operating Officer from September 1999 to May 2001. Mr. Reinemund began his career with PepsiCo, Inc. in 1984 at Pizza Hut, Inc. and held other positions until he became President and Chief Executive Officer of Frito-Lay’s North American snack division in 1992. He became Chairman and Chief Executive Officer of Frito-Lay’s worldwide operations in 1996. Mr. Reinemund was a director of Johnson & Johnson from 2003 to 2008, of American Express Company from 2007 to 2015, of Exxon Mobil Corporation from 2007 to May 2020 and Marriott International, Inc. from 2007 to May 2020. Mr. Reinemund currently serves as a director of Vertiv (and served as a director of GSAH I prior to its business combination with Vertiv), Walmart Inc., Chick-fil-A, Inc and GS Acquisition Holdings Corp II. He also serves on the Board of Directors of the United States Naval Academy Foundation. Mr. Reinemund is a graduate of the United States Naval Academy in 1970 and served five years as an Officer in the United States Marine Corps, achieving the rank of Captain. He also earned an MBA from the University of Virginia, and has been awarded honorary doctorate degrees by Johnson and Wales University and Bryant University.


Corey E. Thomas, 45
Director Nominee

Mr. Thomas is the CEO of Rapid7, as well as Chairman of its Board of Directors. In 2018, he was elected to the Cyber Threat Alliance (CTA) Board of Directors and the Massachusetts Cybersecurity Strategy Council. He also serves on the board of directors for LPL Financial, as well as Blue Cross Blue Shield of Massachusetts, sitting on its audit and health care quality and affordability committees. He previously served on the U.S. Commerce Department’s Digital Economy Board of Advisors. Prior to joining Rapid7, Mr. Thomas was VP of marketing at Parallels, Inc., a virtualization technology company; group project manager of the Microsoft Server and Tools division, steering product planning for Microsoft’s data platform; and a consultant at Deloitte Consulting. Mr. Thomas received a B.E. in electrical engineering and computer science from Vanderbilt University and a MBA from Harvard Business School.