Download Resume - Barbara J. Lundberg

Barbara J. Lundberg
EDUCATION
An American with extensive international management
experience including positions as CEO, board member and
private equity investor. As CEO, led restructuring of two
companies with revenue over USD 1 billion. As EVP, played key
role in launch of highly successful US government sponsored
Polish American Enterprise Fund, managing all operations in
Poland from 1992 to 1999, and co-founding Enterprise Investors,
the first private equity investor in Central Europe.
Currently Board Member of Axcelis Technologies Inc., a US listed
semiconductor equipment manufacturer, and member of Audit
and Nominating & Governance Committees.
CAREER HISTORY
Axcelis Technologies Inc. - Beverly, MA
Board of Directors, 2014 to present
Tele-Fonika Kable (TFKable) – Krakow/ Katowice, Poland
CEO/ Vice Chairman Supervisory Board, 2012 – 2013
Kolaja & Partners (K&P)/ Others – Poland and Russia
Investment Advisor/ Consultant, 2004 – 2011
Elektrim S.A. – Warsaw, Poland
CEO and General Director, 1999 – 2001
Enterprise Investors (EI) – Warsaw, Poland/ New York, NY
Polish American Enterprise Fund (PAEF)
EVP and General Director, co-founding Partner of EI 1990 – 1999
Kidder Peabody & Co. – New York, NY
Vice President, 1986 – 1990
APAX (formerly Alan Patricof & Assoc.) – CA/ New York, NY
Opened and managed Silicon Valley office and led investments,
1983 – 1986
McGraw-Hill – New York, NY
Director Business Development, 1981 – 1983
Exxon Enterprises Inc. (EEI) – New York, NY
Various investment positions, 1977 – 1981
Trans World Airlines – New York, NY
Supervisor Financial Reporting,
Senior Analyst Capital Appropriations, 1976 - 1977
Ernst & Young (formerly Ernst & Ernst) – Hartford, CT
Auditor, 1975 – 1976
The Wharton School
University of Pennsylvania
M.B.A. in Finance, 1975
Jackson College – Tufts University
B.A. in Political Science, 1973
AWARDS/HONORS
Awarded the Officer’s Cross of the order of
Merit of the Republic of Poland by the
President of Poland for making an exceptional
contribution to the development of the Polish
economy.
CEO/ SENIOR MANAGEMENT
▪ TFKable
▪ Elektrim
▪ EI/ PAEF
▪ Kidder Peabody
▪ APAX
BOARD MEMBER
▪ Axcelis
Technologies
▪ TFKable
▪ Elektrim
▪ EI/ PAEF Portfolio
▪ APAX Portfolio
▪ EEI (Exxon)
PRIVATE EQUITY
▪ EI/ PAEF
▪ Kolaja & Partners
▪ APAX
▪ McGraw-Hill
▪ EEI (Exxon)
EXTENSIVE RESTRUCTURING EXPERIENCE
▪ TFKable
▪ Kolaja & Partners
▪ Elektrim
▪ EI/ PAEF
Investments
CONTACT INFORMATION
Email: [email protected]
EXPERIENCE AND ACCOMPLISHMENTS
Axcelis Technologies Inc. – Beverly, MA
Board of Directors, 2014 to present
▪ Company designs, manufactures and services
equipment used to fabricate semiconductors by
leading chip manufacturers worldwide. They are
currently introducing new complete line of ion
implant equipment and seeking to increase market
share.
Tele-Fonika Kable – Krakow/ Katowice. Poland
CEO/ Vice Chairman Supervisory Board, 2012 – 2013
▪ As CEO 2012/2013, initiated firm-wide restructuring
program of third largest cable manufacturer in
Europe and developed opportunities for growth.
▪ Introduced new organization structure with
customer segment focus, and changed company
from domestic to global orientation, and from
production to sales driven. After completing core
restructuring in 2013, returned to former position on
Supervisory Board.
Kolaja & Partners (K&P)/ Others – Poland and Russia
Investment Advisor/ Consultant, 2004 – 2011
▪ Between 2006 and 2010 primarily worked with Kolaja
& Partners, the premier interim management and
restructuring firm in Central Europe, on various
investment projects with a number of leading private
equity groups and alternative asset managers. (K&P
was subsequently acquired by Alvarez & Marsal).
▪ During 2004 and 2005, largely focused on
investments in distressed assets including all NPL
portfolios auctioned by Polish banks at that time.
Elektrim S.A. – Warsaw, Poland
CEO and General Director, 1999 – 2001
▪ Transformed a landmark Polish conglomerate facing
severe financial difficulties with over USD 1 billion
revenue and more than 120 subsidiaries operating in
widely diverse industries (of which only 32 entities
were consolidated in 1998 financial statements).
▪ In less than one year divested 80 non-core
subsidiaries (including several which required
restructuring to maximize value) and restored
liquidity by acquiring majority ownership in leading
GSM business in Central Europe which made Elektrim
financeable.
▪ Successfully completed record EUR 440 million
convertible bond offering. Prior bonds converted.
▪ Acquired Aster cable TV and used infrastructure in
order to implement Warsaw telephone license
awarded to Elektrim in 1998. First to offer triple-play
in Poland and one of first in Europe.
▪ Vivendi made record direct equity investment of over
USD 1.2 billion to buy 49% in telecom JV (which held
51% shares of GSM business and 100% shares of cable
TV business).
▪ Achieved financial transparency. By 2000, one of first
on WSE to introduce IAS reporting.
Enterprise Investors (EI) – Poland/ New York, NY
Polish American Enterprise Fund (PAEF)
EVP and General Director, 1990 – 1999
▪ Initially EVP of PAEF, a US government-sponsored
Fund (USD 240 million) to support the Polish private
sector through direct equity investments and loans.
Key role developing broad scope, far-reaching
impact and financial success of PAEF. Net asset value
increased to over USD 370 million of which USD 120
million was returned to US government and the
balanced endowed a philanthropic foundation.
▪ In 1992, co-founded EI, the first private equity fund
manager in Central Europe, and raised PPEF I & II, the
first PE Funds in the region (USD 151 million)
sponsored by PAEF and EBRD. As EVP and General
Manager, managed all operations in Poland of EI
which included PAEF and the PE funds. PPEF I & II
made 35 investments and realized (gross) returns of
2.6 x.
▪ By 1999, EI managed over USD 500 million; and had
invested over USD 370 million in more than 60 direct
investments, generating annual revenue of USD 1.2
billion and responsible for the employment of over
20,000 people, in diverse sectors (including
manufacturing, banks, financial services, and
telecom media & technology) and in various types of
investments (start-ups, expansion capital,
privatizations, buyouts, restructurings and JVs with
strategic partners). PAEF had made over USD 270
million loans to over 7000 SMEs.
Kidder Peabody & Co. – New York, NY
Vice President, 1986 – 1990
▪ Provided corporate finance services to emerging
growth, technology-based companies. Notable
success leading IPO of Vitalink, one of first IPOs
following US market crash in 1987.
APAX (formerly Alan Patricof & Assoc.) Silicon Valley, CA, 1983 – 1986
▪ Opened and managed first US office outside NYC.
Successfully developed substantial deal flow.
Sourced, negotiated, closed and monitored several
investments including very successful investment in
Network Equipment Technologies.
McGraw-Hill – New York, NY
Director Business Development, 1981 – 1983
▪ Managed M&A and new venture development
program especially seeking growth opportunities in
software and database publishing.
Exxon Enterprises (EE) – New York, NY
Various investment positions, 1977 – 1981
▪ EE was an early experiment in corporate venture
capital. Exxon invested aggressively to develop
businesses in advanced materials, information
science and telecommunications.
▪ Evaluated investment opportunities and prepared
business plans for several technology companies and
recommended appropriate action to senior
management. Responsible for monitoring one of
largest investments, Zilog, a leading microprocessor
company at that time.
Trans World Airlines – New York, NY
Supervisor Financial Reporting,
Senior Analyst Capital Appropriations, 1976 – 1977
▪ Initially hired as Senior Analyst and became Acting
Manager responsible for all capital appropriations.
Promoted to Financial reporting position, preparing
Treasurer’s monthly Board presentations.
Ernst & Young (formerly Ernst & Ernst) – Hartford, CT
Auditor, 1975 – 1976

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