Accruit’s Accomplished Board of Directors
Accruit's Board of Directors have led some of the finest business organizations in the world. Today they focus their collective experience and wisdom on the task of driving the best possible results for the company's customers, partners and investors.
Joseph C. Lane, Chairman of the Board
As of August, 2019, Joseph C. Lane accepted the role of Chairman of Accruit in addition to his serving as Vice Chairman of Napier Park Global Capital. He served as CEO of GE Technology Finance, created when GE Capital acquired the business of Bay4 Capital where he was an owner and vice chairman. Joe was also an owner, chairman and CEO of Hyphos360, a database management provider.
Previously, Joe was president of IBM Credit Corporation, group executive - IBM Global Financing, and senior vice president of IBM. As head of the world’s largest information technology financing business, he was responsible for a $40 billion enterprise operating in over 40 countries. He was a member of IBM’s Operations Committee, Worldwide Management Council and Senior Management Group.
For nearly 20 years, Joe was with GATX Capital, ultimately as chief executive officer. He was chairman of Sun Financial Corporation and of Centron, DPL (providers of technology solutions and hardware), and a director of Oxford Finance - a provider of capital to early-stage life sciences companies. He has served on boards and advisory boards in Europe, Asia and North America.
Joe currently serves on the boards of Accruit (fin-tech), xagent (insure-tech), Adaptive Property Solutions (inspect-tech), and Eli Nutrition (a Yale related venture). He is Chairman Emeritus of OnePak, Inc. (logistics-tech), and Advisory Board member of InGo (event-tech). He serves on the board of the Inner City Foundation for Charity & Education, and the Advisory Board of South Bronx Educational Foundation. Joe is a member of the Western Connecticut Health Network's Innovation and Research Council, a Mentor with the Yale Entrepreneurial Institute, and an associate fellow of Davenport College at Yale University where he earned his BA in American History.
Joe has been director and chairman of the Equipment Leasing and Finance Association (ELFA), and chairman of the Equipment Leasing and Finance Foundation. He was elected to the Equipment Finance Hall of Fame in 2015.
Sandy MacPherson, Board Member
Sandy MacPherson has over 30 years experience in health and wellness, consumer products, and healthy food and beverages as both a CEO and senior executive at Fortune 500 and smaller, early stage companies.
Sandy began his career as a senior marketing executive at Labatt Breweries of Canada where he was responsible for growing Labatt’s Blue, re-positioning John Labatt Classic, the re-launch of Carlsberg, and the transformation of an unknown regional brand called Kokanee into the market leader. He then led Bristol-Myers Squibb’s multi-billion dollar Mead Johnson nutrition business in Canada and the United States, turning around the flagship infant formula business, and introducing five new products, including Boost nutritional drink and the revolutionary Viactiv calcium chew for women.
Mr. MacPherson went on to become the CEO/COO of several smaller, more entrepreneurial companies, leading them to profitability or successful commercialization. One such company manufactured and marketed an FDA-regulated medical device with companion nutrition monitoring software, and another launched a proprietary diagnostic test for the rapid detection of pathogens in food products.
Several years ago Mr. MacPherson founded his own consulting firm to help companies of all sizes develop strategies and plans for significant and sustainable growth. He is also an Entrepreneur in Residence at Invest Ottawa and the Industry Partner for Wellness at Maxim Partners LLC., a private equity firm based in Chicago.
Brent C. Abrahm, Board Member
Prior to co-founding Accruit in 2000, Brent pioneered the development of innovative programs for personal property exchanges for a Fortune 50 Company. His commitment to excellence, service and innovation has thrived at Accruit. In addition to the value of its unique technological platform, the company’s success—as well as the success of its clients—owes to his passion for building and growing customer relationships.
A frequent industry speaker and panelist, Brent has actively worked to expand awareness of the benefits Qualified Intermediaries represent for businesses across a wide range of industries. As a past president of the Federation of Exchange Accommodators (FEA), Brent continues to serve on the Government Affairs Committee.
Brent earned his BA from the University of Alabama and subsequently completed a rigorous course of study in International Business Relations at the prestigious University of Leiden in The Netherlands.
Katherine A. Reed, Chairwoman Emeritus
In addition to serving as chairwoman on the Accruit Board of Directors from 2007-2019, Katherine A. Reed was a member of the original Board of Directors from 2001 and continues to serve on the Lensic Performing Arts Center in Santa Fe, New Mexico. She has served on the Lensic board for over 15 years in various capacities.
Born and raised in Alabama, Kathie attended the Grier School in Tyrone, Pennsylvania, and graduated from Sweet Briar College in Virginia, earning an A.B. in philosophy. As a young businesswoman, she worked for Eastern Airlines in the late 1960s in marketing, special services and VIP assistance. This work eventually led to her move to Aspen, Colorado, to develop a special program for the Aspen Association. In this role, she was among the first to design and sell “ski packages,” increasing revenues for hotels, lodges, ski areas and airlines. Katherine later became assistant marketing director of the Aspen Skiing Corporation where she marketed “Ski Aspen.”
In 1980, Kathie founded Lazylands Tree Plantation, where as a conservationist and environmentalist, she developed a planting, maintenance and harvesting plan for genetically improved loblolly pines for pulp and timber on 500 acres of land. She continues to serve as CEO of this effort, while at the same time managing her investments in stocks and real estate.
Since moving to Santa Fe in 1978, Kathie has been an active member of the cultural arts and education community. She served on the board of directors for the Orchestra of Santa Fe for three terms, the College of Santa Fe for eight years, the National Dance Institute for three years and Santa Fe Pro Musica for two terms. She has also served on advisory boards for Santa Fe Festival Ballet, Animal Protection of New Mexico. Kathie is a supporter and contributor of the Santa Fe and Espanola Animal Shelters and a devoted Animal Rights advocate.
