Lyndon Tefft joins Commonfund as Executive Vice President and Chief Financial Officer
Wilton, CT, September 11, 2003 — Commonfund, one of the nation’s leading managers of investment funds for nonprofit institutions, today announced the appointment of E. Lyndon Tefft as Executive Vice President and Chief Financial Officer. He will be responsible for the management and oversight of Commonfund’s Information Technology, Operations and Corporate Accounting teams. Tefft has 20 years experience in the financial services industry in Finance, Operations and Information Technology. Previously, he was Senior Vice President and Chief Financial Officer of John W. Henry & Company, Inc., Vice President of MIS for Harvard Management Company and Director of Financial Systems (Controller) for Harvard University.
“We are very pleased to enhance Commonfund’s senior management team with the addition of such a talented and experienced Chief Financial Officer as Lyndon Tefft,” said Verne O. Sedlacek, President and CEO of Commonfund. “Lyndon brings broad and deep experience and an enviable list of accomplishments that will help Commonfund continue to deliver the kind of cutting edge and comprehensive investment services that has made us into the leading manager of higher education and nonprofit investments.”
Lyndon Tefft was a member of senior management at John W. Henry & Company from 1998-2002 with over $1 billion of assets under management and specializing in trading global futures and forward contracts. He implemented a new fee structure, the relocation of operations to Florida, and new products and distribution strategies for asset raising and client retention. At Harvard Management Company, Mr. Tefft led the development of an information technology infrastructure to support global investment and trading in equities, bonds, futures, swaps, currencies and closed end funds from 1994-1998.
Previously, Mr. Tefft oversaw centralized financial and operations systems for Harvard University from 1983-1994, including debt management, risk management, information systems, financial planning and reporting. He directed all controllership and internal treasury operations, was principal architect of Harvard’s entry into debt markets to finance its billion dollar capital program, managed $125 million campus-wide employee benefit programs, and reorganized central information systems. Prior to that, he was an audit manager for Coopers & Lybrand. Mr. Tefft holds an MBA from Wharton Graduate School of Business and a BS in Industrial Management from Purdue University.