Executive Advisory Board
Edgewater’s Executive Advisory Board is comprised of nationally recognized business leaders who lead some of the world’s most successful public and private companies. The Executive Advisory Board is actively involved with the firm to directly source investment opportunities and add value to Edgewater’s portfolio companies.

Board Members

Andrew J. McKenna, Executive Advisory Board Chairman
Andrew McKenna is Chairman of McDonald's Corporation, Oak Brook, IL. McDonald's is the world's leading food service retailer with more than 30,000 restaurants in 119 countries serving 56 million customers each day.

Mr. McKenna is also the Chairman of Schwarz Supply Source, Morton Grove, Illinois. Schwarz Supply Source is an international distributor of paper packaging and allied products and also a printer, producer and converter of paper products with facilities throughout the United States, Canada and the United Kingdom.

Mr. McKenna is a director of Aon Corporation, Chicago Bears Football Club, Inc., McDonald's Corporation and Skyline Corporation. He acted as Chairman of the Chicago White Sox during his group's ownership of that organization from 1975-1981. He also served as Chairman of the Board of the Chicago Cubs, upon purchase of that entity by Tribune Company, from August 1981 through December of 1984. He served as the Chairman of the Board of Trustees of the University of Notre Dame from 1992 - 2000 and was Vice Chairman for six years prior to that and continues to serve as a trustee.

Mr. McKenna has served over the years on many civic, community and philanthropic boards. He is immediate past chairman of the Board of Trustees of the Museum of Science and Industry and continues to serve as a trustee. He is past Chairman of the Economic Club of Chicago and also past chairman of The Executives' Club of Chicago. He is a director of The American Ireland Fund, Children's Memorial Hospital of Chicago, the Big Shoulders Fund of the Archdiocese of Chicago, The Ireland Economic Advisory Board, the Lyric Opera of Chicago, and the United Way of Metropolitan Chicago among others. He is the immediate past Chairman of the Civic Committee of The Commercial Club of Chicago, and is a past Chairman of The Commercial Club of Chicago. In addition, he is the Founding Chairman of Chicago Metropolis 2020. His former corporate directorships include: First Chicago NBD (1991-1999), Dean Foods (1982-2000), Tribune Company (1982-2002) and Click Commerce (2000-2006).

He is a graduate of the University of Notre Dame with a bachelor of science degree in business administration and marketing. Mr. McKenna is also a graduate of DePaul University Law School where he received a Doctor of Jurisprudence.

Howard M. Dean
Howard Dean is the retired Chairman of the Board and Chief Executive Officer of Dean Foods Company. He started with Dean Foods in 1965 after completing a tour of duty in the United States Navy where he attained the rank of Lt. J.G. Mr. Dean served as an Internal Auditor from 1965 until 1970 when he became President and Chief Operating Officer. In 1987, Mr. Dean was elected to the position of Chief Executive Officer and President and then became Chairman of the Board and Chief Executive Officer in 1989.

Mr. Dean serves as the Director of Yellow/Roadway Worldwide Corporation and Ball Corporation. Mr. Dean also served as a board member of The Grocery Manufacturers Association. He served as Treasurer, Vice President, Vice President and Chairman of the Milk Industry Foundation; and also serves as a Trustee of Rush University Medical Center.

Mr. Dean received his BBA degree from Southern Methodist University and his MBA from Northwestern University.

W. James Farrell
W. James Farrell is the Retired Chairman of Illinois Tool Works (ITW), a multi-national manufacturer of highly engineered fasteners, components, assemblies and systems. ITW is comprised of approximately 700 decentralized operations in 48 countries, with more than 50,000 employees. Under Farrell, ITW bought more than 300 firms and paid more than $5.4 billion building the company into a $29.74 billion concern.

Since joining ITW in 1965, Mr. Farrell was involved in nearly every aspect of the company and has held numerous management positions in his 41-year career. He was named President and CEO in September 1995, and was elected Chairman in 1996. Farrell focused on a strategy of growth through acquisition, preferring small and midsize companies over major businesses.

As an active member of the civic and business communities, Mr. Farrell serves on the Boards of Directors of 3M, Abbott, Allstate Insurance Company and UAL Corporation. Mr. Farrell is also a member of The Business Council, Chicago Club, The Civic Committee of The Commercial Club of Chicago, and the Mid-America Committee. He is a Director of the Economic Club of Chicago.

Mr. Farrell's educational associations include serving as Chairman of Junior Achievement of Chicago, a Trustee of Northwestern University and Chairman of the Advisory Board of the J.L. Kellogg Graduate School of Management.

Cultural and civic affiliations for Mr. Farrell include Director of the Federal Reserve Bank of Chicago, Lyric Opera of Chicago, United Way of Metropolitan Chicago and The Big Shoulders Fund. He is a Trustee of the Museum of Science and Industry and Rush-Presbyterian-St. Luke's Medical Center.

Mr. Farrell earned a bachelor's degree in electric engineering from the University of Detroit. He served in the U.S. Army from 1965-1967.

Robert J. Hurst
Robert J. Hurst retired as Vice Chairman of Goldman Sachs in June 2004 and earlier as a member of its Board of Directors. At Goldman, Mr. Hurst spent 30 years in a variety of leadership positions, including head of the Investment Banking Division from 1990 to 1999. Following Goldman's IPO, Mr. Hurst became a Vice Chairman and a member of The Board of Directors, and focused on firm-wide matters in addition to client responsibilities. More recently, Mr. Hurst has been an Investment Partner of Crestview Partners, L.P.

Mr. Hurst serves or has served on the boards of directors of various public and private companies. He has been active in the non-profit sector, and currently serves as President of the Board of the Whitney Museum of American Art, as a member of the Board of Overseers of the Wharton School, as Chairman Emeritus of the Jewish Museum and as a trustee of the Central Park Conservancy. He is a member of the Council on Foreign Relations and on the Board of Trustees of the Aspen Institute.

Mr. Hurst received an MBA from the Wharton School and an undergraduate degree from Clark University. He did additional graduate work as a Public Finance Fellow at the University of Pennsylvania.

Michael H. Moskow
Michael H. Moskow is retired President and Chief Executive Officer of the Federal Reserve Bank of Chicago which he led from 1994 until August 2007. As part of his responsibilities with the Federal Reserve Bank, he served as a voting member of the Federal Open Market Committee in Washington, D.C.

Dr. Moskow's career includes service in the public and private sectors as well as academia. During the course of his career, Dr. Moskow has been confirmed by the Senate for five U.S. government positions. From 1969 to 1977, he held a number of senior positions with the U.S. government, including under secretary of labor at the U.S. Department of Labor, director of the Council on Wage and Price Stability, assistant secretary for policy development and research at the U.S. Department of Housing and Urban Development and senior staff economist with the Council of Economic Advisers.

In 1977, Dr. Moskow joined the private sector at Esmark, Inc. and later held senior management positions at Northwest Industries, Dart and Kraft, Inc. and Premark International, Inc. In 1991, President Bush appointed Dr. Moskow Deputy United States Trade Representative, with the rank of Ambassador. He was responsible for trade negotiations with Japan, China and Southeast Asian countries as well as industries such as steel, semiconductors and aircraft.

Dr. Moskow is active in numerous professional and civic organizations. He is vice chairman of the Chicago Council on Global Affairs, and the former chairman of the National Bureau of Economic Research and The Economic Club of Chicago. He also serves as a director of the Council on Foreign Relations in New York City, the Northwestern Memorial Foundation, World Business Chicago and the Chicagoland Chamber of Commerce. He is a member of the Civic Committee of The Commercial Club of Chicago, a fellow of the National Academy of Public Administration, a member of the Governing Board of the Illinois Council on Economic Education, a trustee of Lafayette College and a member of the Advisory Board to the Kellogg School of Management at Northwestern University. He is also a member of the Visiting Committee of the Irving B. Harris Graduate School of Public Policy Studies at the University of Chicago.

Dr. Moskow received an A.B. in economics from Lafayette College in Easton, Pennsylvania and a Ph.D. in business and applied economics from the University of Pennsylvania.

Richard “Dick” Notebaert
Dick Notebaert is chairman and chief executive officer of Qwest Communications International Inc.

Formerly, Mr. Notebaert was president and chief executive officer of Tellabs, a position he had held since August 2000. Prior to that, Mr. Notebaert retired from his position as chairman of the board of Ameritech Corporation in December 1999. His 30-year career with that organization included appointments as president of Ameritech Mobile Communications (1986), president of Indiana Bell (1989) and president of Ameritech Services (1992). In 1993 he became president and chief operating officer of Ameritech Corporation and in January 1994 was named the company’s president and chief executive officer. He was elected to the position of chairman and chief executive officer on April 20, 1994.

He is a member of the board of directors of Aon Corporation, Cardinal Health, Inc., the Denver Center for Performing Arts, and Qwest Communications International Inc. He serves as a trustee of the University of Notre Dame and as a member of The Business Council. In April 2003, President George W. Bush appointed him as a member of the National Security Telecommunications Advisory Committee (NSTAC), which provides industry-based analysis and recommendations on a wide range of policy and technical issues.

Mr. Notebaert received a bachelor’s of arts degree in 1969 and a master’s degree in business administration in 1983, both from the University of Wisconsin. He has received a number of honors and awards, including the 1999 Distinguished Alumni Award from the University of Wisconsin-Milwaukee and four honorary degrees.

Among other affiliations, Mr. Reyes is a director of The Allstate Corporation, Tribune Company, Wintrust Financial Corporation, Boys and Girls Clubs of America, Northwestern Memorial Hospital, Museum of Science and Industry, Lyric Opera of Chicago, Ronald McDonald House Charities, and the Civic Committee of the Commercial Club of Chicago. Mr. Reyes serves as Chairman of Children's Memorial Hospital. He also is a member of the Board of Trustees of the University of Notre Dame and Lake Forest Academy and Vice Chair of Chicago 2016.

Mr. Reyes earned a B.S. from the University of Maryland. He lives with his wife, Anne, and four children in Lake Forest, Illinois.

Louis B. Susman
Louis B. Susman is Vice Chairman of Citigroup Corporate and Investment Banking. He is a member of the Citigroup International Advisory Board.

Prior to joining Salomon Brothers, Inc. in June 1989, Mr. Susman practiced law in the City of St. Louis for 27 years and was a senior partner at the St. Louis based law firm of Thompson & Mitchell. His practice focused on mergers and acquisitions and general corporate law and was involved in major merger transactions, including assisting Trans World Airlines in the sale of their company and Anheuser Busch in the purchase of Civic Center Redevelopment Corp. As a Managing Director of Salomon Brothers, and its successor companies for the last 17 years, representative transactions include Dayton Hudson in the purchase of Marshall Field’s, General Dynamics in the sale of Cessna Corporation and LG Electronics in the purchase of Zenith Electronics Corporation.

Mr. Susman is a Director of Drury Industries, Inc. and Drury Development Corporation, Trustee of Underwriters Laboratories and has previously served on the Boards of the St. Louis National Baseball Club, Inc., Silver Eagle, Inc., Hasco International, PennCorp Financial, Avery, Inc. and other publicly held corporations.

In addition, he presently serves as a member of the Board of Directors of The Art Institute of Chicago Mr. Susman is also a member of the National Historical Trust, Vice Chairman of The Chicago Economic Club, the Northwestern University Associates, Governing Member of The Chicago Symphony Orchestra and a member of the Civic Committee of The Commercial Club of Chicago. Mr. Susman received the “Alumni of the Year” award in 1994 from Washington University School of Law.

Mr. Susman received his A.B. from the University of Michigan in 1959 and his LL.B. from Washington University in 1962 where he was elected to Phi Delta Phi.

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