December 08, 2021

Michael Schmertzler named to Phillips Academy Board of Trustees

Schmertzler ’70, P’05, ’07, has been elected to a six-year term as a charter trustee

Amy Falls ’82, P’19, ’21, president of the Phillips Academy Board of Trustees, announced today that Michael Schmertzler ’70, P’05, ’07, has been elected to a six-year term as a charter trustee. He previously served as an alumni trustee from 2006 to 2010.

Schmertzler’s commitment to Phillips Academy and his passion for the arts, innovative technologies, and global learning run deep. His PA family history includes his sister, Amy, Abbot Academy class of 1972, and sons, Ian ’05 and Ethan ’07. His volunteer efforts and philanthropic support include service on the Addison Gallery Board of Governors and as vice chair of the Gelb Science Center Capital Campaign. He was a key founder of the Andover Alumni Award of Distinction and served on the selection committee from 2011 to 2018. He and his wife, Kuni, a member of the Peabody Institute of Archaeology Board of Advisors, received the Andover Distinguished Service Award in 2013.

Schmertzler has taught in the economics departments at Yale University and Yale NUS (Singapore), and at the Yale School of Management since 1998. He is the author of Private Equity Methods: Generating Value and Managing Risk in Early, Growth, and Late-Stage Illiquid Investments.

Since 2000, he has chaired PTC Therapeutics, a publicly traded biotechnology company. He is also chair of SHY Therapeutics, an early-stage biotechnology company, and is a director of Berryville Holdings and Dispel, cyberdefense companies. He recently completed nine years as the court appointed independent director for the liquidation of Lehman Commercial Paper, the largest subsidiary of the bankrupt Lehman Brothers estate and has also served as a director or lead investor at Cain Chemical, Colt Industries, Idenix, and Segway.

Earlier in his career, Schmertzler was co-head of Credit Suisse First Boston Equity Partners and chair of its oversight committee. He was also a Managing Director at Morgan Stanley and was the first president of the Morgan Stanley Leveraged Capital Funds. Schmertzler also worked at Lehman Brothers or its successor firm as head of international investment banking and sales and trading, chief financial officer, and as an investment banker.

Schmertzler’s record of volunteer service extends beyond Andover. He is an emeritus chair of the National Outdoor Leadership School and has served on the boards of Manhattan Theater Company, New York Academy of Sciences, Harvard Partners Center for Genetics and Genomics, and Credit Suisse First Boston Foundation.

He graduated from Yale College with a BA in City Planning, History, and Molecular Biophysics and Biochemistry; attended the Princeton School of Public and International Affairs; and earned his MBA from Harvard Business School.

Categories: Leadership

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