While perusing the interwebs last night, I saw that our favorite Kenny Powers lookalike, former EY Global Chairman and CEO Mark Weinberger, has a new gig.
MW was appointed as a senior advisor for Los Angeles-based Stone Canyon Industries Holdings LLC, which owns several rail transportation companies as well as packaged ice maker Reddy Ice. Stone Canyon’s website is full of photos of guys in hard hats, guys wearing safety glasses, guys wearing hard hats and safety glasses, and pallets of bagged ice.
Anyhoo, here’s the press release the company sent out about its newest senior advisor:
Mr. Weinberger was the Global Chairman and CEO of EY, a leading global professional services organization with 284,000 people, operating in more than 150 countries. Mark led the organization through a purpose-fueled transformation centered on EY’s purpose of building a better working world.
“We are pleased to welcome Mark as a Senior Advisor to Stone Canyon,” said James Fordyce, Co-CEO of SCIH. “Mark brings a distinguished career of business and government service to Stone Canyon. We are thrilled that Mark will apply his wealth of experience to Stone Canyon’s strategy of ‘buy, build and hold’ investing for the long term.”
Mr. Weinberger’s government experience includes serving as Assistant Secretary of the U.S. Department of the Treasury (Tax Policy) in the George W. Bush Administration. He was also appointed by President Clinton to serve on the Social Security Administration Advisory Board. He served as a member of President Trump’s former Strategic and Policy Forum and as a member of President Obama’s Infrastructure Task Force. He also worked in the U.S. Senate.
Mr. Weinberger played an active role in the World Economic Forum, as a member of its International Business Council and as a Global Agenda Steward for Economic Progress. He co-chaired the Russia Foreign Investment Advisory Council with Prime Minister Dmitry Medvedev and served as Chairman of the International Business Leaders Advisory Council to the Mayor of Shanghai.
He is on the Board of Directors of Johnson & Johnson and MetLife.
Hold up, hold up. When did Weinberger join the board of directors of Johnson & Johnson? We knew about the MetLife gig but not J&J. … Well I’ll be damned. It was announced on Dec. 5, 2019. And he supposedly has “enormous respect” for the Johnson & Johnson brand. Maybe because he has a long history of using Tylenol daily for all the headaches he got as EY CEO? Or Imodium to relieve all of his gas, bloating, and cramps?
So since he hightailed it out of EY last summer, he has joined the board of directors of two public companies and has taken a senior advisor role with a holding company. That’s in addition to all this other stuff:
Mr. Weinberger serves as a Senior Advisor to Teneo, as well as a Strategic Advisor to the Board of FCLTGlobal, which focuses on long-term investing and corporate governance. He is on the CEO Advisory Council of JUST Capital. He sits on the Board of Directors of the National Bureau of Economic Research, is a Senior Advisor to CECP and is a member of the Aspen Economic Strategy Group.
Mr. Weinberger also sits on the Board of Trustees for the United States Council for International Business, the Greater Washington Partnership and The Concord Coalition. He is member of the Board of Trustees for Emory University and Case Western Reserve University.
So much for the “I’m planning to focus more on my family” spiel he told Adrienne.