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Phillip Smith 

Phillip R. Smith

Independent Chair of the Board and Chief Financial officer of Marathon-Sparta Holdings, Inc.

Independent Director since 2014

Committees:

  • None
 

Key Qualifications and Skills Leading to Board Nomination

  • Finance and Accounting - Mr. Smith has over 25 years of experience with preparing, reviewing, and auditing public company financial statements and is a licensed CPA. The Board finds this experience critical to the Board’s and Audit Committee’s oversight of the Company’s financial statements and filings with the SEC.
  • Cybersecurity and Physical Security - As part of Mr. Smith’s auditing experience and as part of maintaining his CPA license, he has received significant training regarding cybersecurity, including risk oversight, that he uses to provide insight regarding the Company’s ongoing cybersecurity program.
  • Sustainability - As the Company continues its generation transition plan and pursues its carbon emissions reduction goals, Mr. Smith is able to provide valuable insight regarding the development of renewable generation to the Company from his prior leadership at a wind and solar renewable project developer.

Experience

  • Chief Financial Officer (2023 - Present) and previously President and Chief Executive Officer (2019 - 2022) of Marathon-Sparta Holdings, Inc., a private company involved in non-healthcare related employee benefits programs and affiliated through common ownership with Torch Energy Advisor Inc.
  • President and Chief Executive Officer (2013 - 2019) of Torch Energy Advisor Inc., a private energy company with interests in oil, gas and renewable energy, including the development of wind and solar renewable projects
  • Partner (2002 - 2012) at KMPG LLP, a global network of professional firms providing audit, tax and advisory services

Other Boards (For Profit and Non-Profit Entities)

  • Health Care Service Corporation (2021 - Present)
  • Oilstone Energy Services, Inc. (2014 - 2016)

Education and Credentials

  • B.A., Baylor University
  • M.B.A., Baylor University
  • Licensed CPA - Texas​
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