July (pdf) - New York Power Authority

APPENDIX 2
BACKGROUNDS OF THE AUTHORITY’S TRUSTEES AND
CERTAIN SENIOR MANAGEMENT STAFF
Trustees
Michael J. Townsend, Chairman
Mr. Townsend was appointed a Trustee of the Authority in February 2004 and was elected Vice
Chairman in April 2006. He was elected Chairman of the Authority in February 2009. He is a partner in
Harris Beach PLLC, a law firm based in Rochester, New York, and focuses his practice in the areas of
public finance, commercial real estate, and mergers and acquisitions. Mr. Townsend is a member of the
Board of Directors of the New York State Energy Research and Development Authority and also serves
as a director of the State Tobacco Settlement Finance Corporation and the State Mortgage Bond Bank
Agency. He is a member of the Board of Advisors of Ticor Title Insurance Co. and the New York State
Economic Development Council. Mr. Townsend also serves as an attorney for the Civic Center Monroe
County Parking Facility Corporation and the Monroe County New Power Corporation. Prior to joining
Harris Beach PLLC, he served as counsel to the Rochester-Genesee Regional Transit Authority, Monroe
County Empire Zone, Monroe County Industrial Development Agency, Greater Rochester Outdoor Sports
Facility, and the Greater Rochester Sports Authority. Mr. Townsend is a member of the Monroe County
Bar Association and the New York State Bar Association where he is a member of the Real Property Law
Section. Mr. Townsend received a Bachelor of Science degree from the University of Maine in 1976 and
received his Juris Doctor degree with honors from Western New England School of Law in 1981.
Jonathan F. Foster, Vice Chairman
Mr. Foster was appointed a Trustee of the Authority in September 2008 and was elected as Vice
Chairman in February 2009. Mr. Foster is Managing Director of Current Capital LLC, a private equity
firm focused on investments in lower middle market industrial and business service companies. Mr.
Foster is a Director of Masonite Inc., Lear Corporation, and Chemtura Corporation. From 2007 through
2008, Mr. Foster was Managing Director and Co-Head of Diversified Industrials & Services at Wachovia
Securities. From 2005 through 2007, he was Executive Vice President of Finance and Business
Development at Revolution Living, one of three business groups in the Revolution family of companies
founded by Steve Case, co-founder of AOL. Previously, from 2002 through 2004, Mr. Foster served as a
Managing Director of The Cypress Group, a private equity investment firm, where he led the industrial
and services group and served as a member of the investment and management committees. Mr. Foster
also served as Senior Managing Director at Bear Stearns & Co. from 2001 through 2002 where he was
responsible for mergers and acquisitions in industrial products and services. From 2000 through 2001, he
served as Executive Vice President, Chief Operating Officer and Chief Financial Officer of Toysrus.com.
Previously, from 1988 through 1999, Mr. Foster was at Lazard LLC, ultimately as a Managing Director
where he worked on a wide range of mainly industrial and services mergers and acquisitions transactions.
Mr. Foster received a Bachelor of Business Administration in Accounting from Emory University, and a
Master of Science in Accounting and Finance from the London School of Economics.
D. Patrick Curley, Trustee
Mr. Curley was appointed a Trustee of the Authority in October 2007. He is the President of St.
Lawrence Business Consultants, a financial consulting firm which he founded in 1977, with clients in
banking, manufacturing, education and other interests in the private and not-for-profit sectors. Mr. Curley
App. 2-1