Board of Directors
Andrew S. Duff
Chairman and CEO
Andrew S. Duff became chairman and chief executive officer of Piper Jaffray Companies following completion of our spin-off from U.S. Bancorp on December 31, 2003. He also has served as chairman of our broker-dealer subsidiary since 2003, as chief executive officer of our broker-dealer subsidiary since 2000. Duff joined the Piper Jaffray institutional fixed income sales department in 1980 and was promoted to manager of institutional sales and trading in 1994. He then served as president of the individual investor services and capital markets areas until 1996. From 1996 through 2003, Duff served as president of Piper Jaffray and vice chair of U.S. Bancorp for the wealth management group from 1999 through 2003.
Duff holds a bachelor's degree in economics from Tufts University in Medford, Mass., and attended the Advanced Executive Program at the J.L. Kellogg Graduate School of Management at Northwestern University.
Duff currently serves on the board of directors of the Securities Industry and Financial Markets Association (SIFMA), the University of St. Thomas board of trustees and the University of St. Thomas Opus College of Business strategic board of governors. He is the president of the Walker Art Center board of trustees, and is an advisor to the board of directors of Great Clips, Inc.
Addison Piper retired from Piper Jaffray effective at the end of 2006, having served as vice chairman of Piper Jaffray Companies since the completion of the firm's spin-off from U.S. Bancorp on December 31, 2003. He worked for Piper Jaffray from 1969 through 2006, serving as assistant equity syndicate manager, director of securities trading and director of sales and marketing, before serving as chief executive officer from 1983 to 2000 and as chairman from 1988 to 2003. From 1998 through August 11, 2006, Piper also had responsibility for our venture and private capital fund activities.
Piper holds a bachelor's degree in economics from Williams College and a Master of Business Administration degree from Stanford University.
Piper is a member of the board of directors of Renaissance Learning Corporation, Minnesota Public Radio, American Public Media Group and a regent of St. Olaf College. Piper is the former chair of Abbott Northwestern Hospital and Minnesota Communications Group, former vice-chair of the Minneapolis Downtown Council and board of governors of the Securities Industry Association, former chair of the NYSE regional firms advisory group committee, former director of Allina Health System, Minnesota Business Partnership, St. Martin’s Church Foundation, Greenspring Corporation and former trustee of Woodhill Country Club, Guthrie Theater, Washburn Children Guidance Center and the Stanford University Business School Trust. Piper recently served as senior warden at St. Martins by-the-Lake Church.
Michael Francis is the Chief Global Brand Officer at DreamWorks Animation SKG, Inc.
Most recently, Francis served as president of J. C. Penney Company, Inc., responsible for merchandising and marketing. He previously spent 25 years at Target Corporation, most recently serving as global chief marketing officer. In January 2011, Francis became the executive committee sponsor of Target Canada, overseeing the extension of Target's brand as part of the corporation's first-ever store expansion beyond the United States. Francis began his career with Marshall Field's department stores in 1985 and joined Target as part of its acquisition of Marshall Field's in 1990. He previously served Target Corporation as senior vice president, marketing and senior vice president, marketing and visual presentation of the department store division. Prior to that, he held a variety of positions within Target Corporation's advertising division.
Francis is involved in many civic and cultural organizations, currently serving on the National Board of the Smithsonian Institution and the boards of the Cooper-Hewitt National Design Museum, The Minneapolis Institute of Art and the Musical Instrument Museum.
Francis holds a bachelor's degree in international studies from the University of Michigan.
B. Kristine Johnson
B. Kristine Johnson is president of Affinity Capital Management, a venture capital firm that invests primarily in seed and early-stage health care companies in the United States. She has held this position since 2000. She served as a consultant to Affinity Capital Management in 1999. Prior to serving as a consultant to Affinity Capital Management in 1999, Johnson was employed for 17 years at Medtronic, Inc., a manufacturer of cardiac pacemakers, neurological and spinal devices and other medical products, serving most recently as senior vice president and chief administrative officer from 1998 to 1999. Her experience at Medtronic also includes service as president of the vascular business and president of the tachyarrhythmia management business, among other roles.
Johnson holds bachelor's degrees in math, economics and political science from St. Olaf College in Northfield, Minnesota.
Johnson currently serves on the boards of directors of St. Olaf College, University of Minnesota Foundation, University of Minnesota Physicians, The Spectranetics Corporation and the finance committee of the Minneapolis Club, as well as the boards of several private entities.
Lisa Polsky is the chief risk officer of CIT Group, Inc., which provides financing and leasing capital worldwide for small and middle-market businesses.
Polsky was previously a partner and head of global investment solutions for Duff Capital Advisors. Prior to that, she served as president of Polsky Partners LLC, a New York-based consulting firm specializing in hedge fund allocation, risk management and valuation policy. Before founding Polsky Partners in 2002, she served as managing director, head of client financing services and head of leveraged client channel with Merrill Lynch & Co., Inc. from 2000 to 2002, and as managing director, chief risk officer, head of risk policy, chief derivative strategist and head of product development at Morgan Stanley DW Inc. from 1996 to 2000.
Philip Soran most recently served as president of Dell Compellent until his retirement in March 2012. He co-founded Compellent Technologies, Inc. in 2002 where he was president, chief executive officer and director until the company was acquired by Dell in February 2011. Prior to that, he was the co-founder, president, chief executive officer and a director for data-storage products maker, Xiotech Corp. which was later acquired by Seagate.
Soran is a current board member of SPS Commerce, Inc., Hutchinson Technology, Inc. and Help/Systems LLC. He holds a bachelor’s degree in education from the University of Northern Colorado.
Michele Volpi is the chief executive officer of Betafence Holdings NV, a Belgium-based manufacturer of architectural and security fence and gate systems.
Prior to Betafence, Volpi served as the president and chief executive officer and as a director of H.B. Fuller Company from December 2006 to November 2010. H.B. Fuller and its subsidiaries manufacture and market adhesives and specialty chemical products worldwide. Prior to becoming president and chief executive officer, he was group president, general manager of the global adhesives division of H.B. Fuller from December 2004 to December 2006. Prior to that position, he served as global strategic business unit manager, assembly for H.B. Fuller from June 2002 to December 2004. From 1999 to June 2002, he served as general manager, marketing for General Electric Company.
Volpi is on the board of directors of Saipem S.p.A., a global oil and gas public company in Europe, and has previously served on the board of trustees for the Minneapolis Arts Institute.
Volpi earned bachelor's and master's degrees in business administration from Bocconi University in Milan, Italy.
Hope Woodhouse has more than 25 years of experience in the financial services industry, having served most recently as chief operating officer of Bridgewater Associates, LP, a $122 billion global hedge fund. Woodhouse also served as president and chief operating officer for Auspex Group, L.P., a global macro hedge fund, and chief operating officer for Soros Fund Management. She was a managing director in the fixed income division at Salomon Brothers Inc. and began her career at the Chase Manhattan Bank.
Woodhouse received a Master of Business Administration degree from Harvard Business School and a bachelor’s degree in economics from Georgetown University.
Woodhouse is a member of the investment committee of Phillips Academy, the board of regents of Georgetown University, the Child Services advisory grant review committee in Florida, and the Child Services Needs Assessment sub-committee in Florida. She is a trustee of the Tiger Foundation in New York and a member of their education grant committee. She is also co-chair of the philanthropy committee of John’s Island Community Service League in Florida.