John Connaughton (business executive) explained

John Connaughton
Nationality:American
Alma Mater:University of Virginia (BS)Harvard University (MBA)
Occupation:Businessman

John Connaughton is an American business executive. He is a co-managing partner of Boston-based investment firm Bain Capital.[1] [2] He manages Bain Capital’s global private equity business, and is known for his investments in the healthcare industry.[3] [4] [5] [6]

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Early life and education

Connaughton received a B.S. from the University of Virginia in 1987,[7] and an M.B.A. with honors from Harvard Business School in 1994.[8]

Career

In 1989, Connaughton began working at Bain Capital, transitioning from Bain & Company. Connaughton ran the firm's global private equity business and became co-managing partner in April 2016.

In 2002, Connaughton, along with several other Bain Capital partners, joined with a larger group of private equity and finance executives to acquire the Boston Celtics.[9]

Board memberships

In 2003, Connaughton was appointed to a supervisory board membership at ProSiebenSat.1 Media, a German broadcasting group.[10] Connaughton joined the Board of Trustees for Berklee College of Music in 2005.

In 2008, he became director of Quintiles Transnational Corp, a healthcare company in the field of clinical research. In 2016, Quintiles merged with IMS Health, a health IT company, to become IQVIA. Connaughton became a director of IQVIA in October of that year. Connaughton was appointed to the board of HCA Healthcare for a term through 2014. He was also appointed to the board of trustees of the Roxbury Latin School for boys for a term through 2022.[11]

In September 2019, Connaughton joined the board of directors of the University of Virginia's Investment Management Company. He has also served on the Board of Trustees at the university's McIntire School of Commerce.[12] [13] [14] In 2021, he was appointed to the board of GreenLight Fund, a nonprofit fund in the Boston area.[15]

Philanthropy

Connaughton donated to the development of the Berklee Global Jazz Institute, which opened in 2010.[16] In 2019, Connaughton and his wife donated $5 million to the McIntire School of Commerce at the University of Virginia to create the Connaughton Alternative Investing Professorship Fund.[17] [18]

Personal life

In 2012, Connaughton lived in Brookline, Massachusetts with his wife Stephanie. [19]

References

  1. Web site: Bain tops global peers with $3.5 billion in 7 years - Times of India. The Times of India. 2018-12-12.
  2. Web site: Bain's John Connaughton Calls Fund to Help Toys 'R' Us Workers Unique. McDonald. Michael. 5 December 2018.
  3. Web site: Bain Capital elevates Connaughton and Lavine in generational shift - The Boston Globe. Reporter. Beth Healy-. BostonGlobe.com. 2018-12-12.
  4. Web site: Bain Capital Rebrands Credit Affiliate, Public Equity Unit. Kreutzer. Laura. 7 April 2016. WSJ. 12 December 2018.
  5. Web site: 2017-12-06 . Two investors sell $860 million in Iqvia shares . 2019-01-08 . WRAL TechWire . en-US.
  6. Web site: HCA Appoints Three New Independent Board Members HCA Investor Center . 2019-09-17 . investor.hcahealthcare.com.
  7. Web site: 2007-10-11 . Commerce Alumni Return to Lend Expertise at Fall Forum on Private Equity . 2023-02-06 . UVA Today . en.
  8. Web site: Additions to the Board of Trustees Berklee College of Music. www.berklee.edu. en. 2018-12-12.
  9. News: Celtics Owners Use Financial Background In Team's Management. Sports Business Daily. 11 April 2024.
  10. Web site: Meza . Ed . ProSieben board realigned . 2019-09-17 . Variety.
  11. Web site: Trustees – The Roxbury Latin School . 2019-09-17 . www.roxburylatin.org.
  12. Web site: Board • UVIMCO . 2019-09-17 . www.uvimco.org.
  13. Web site: John Connaughton • UVIMCO . 2019-09-17 . www.uvimco.org.
  14. Web site: 2014-12-13 . McIntire Foundation Board of Trustees . 2019-01-08 . UVA McIntire School of Commerce . en.
  15. Web site: Chesto . Jon . Bain Capital commits $4m to help the Boston nonprofit GreenLight Fund expand nationally - The Boston Globe . 2021-12-16 . BostonGlobe.com . en-US.
  16. Web site: Reporter . Scott Helman- . Danilo Perez: Berklee Grammy winner changing the world with jazz - The Boston Globe . 2019-01-08 . BostonGlobe.com.
  17. Web site: 2019-03-11 . Scalia Law School Lands More Than $50 Million, and Indiana U. Gets $30 Million: Gifts Roundup . 2019-03-19 . The Chronicle of Philanthropy.
  18. Web site: 2019-03-01 . Alumnus Donates $5 Million to Establish Alternative Investing Professorship Fund . 2019-03-19 . UVA Today . en.
  19. Web site: I Choose Harvard: Stephanie (Formica) Connaughton '87 Stories . 2019-01-08 . Harvard Alumni . en.