James Coulter and Thomas Steyer elected to Board of Trustees

James Coulter

James Coulter

Thomas Steyer

Thomas Steyer

Two new members were elected to the university Board of Trustees for five-year terms during the board's meeting earlier this week.

The new trustees are James Coulter, a founding partner of Texas Pacific Group, and Thomas Steyer, senior managing member of Farallon Capital Management LLC.

Coulter co-founded Texas Pacific Group in 1992. Currently, the global private equity investment firm has more than $25 billion of capital under management. The firm is based in San Francisco and Forth Worth, Texas, and has offices in 10 countries.

Prior to co-founding Texas Pacific Group, Coulter worked for Keystone Inc. and for Lehman Brothers Kuhn Loeb. He received an MBA from the Stanford Graduate School of Business in 1986.

Coulter, who is the co-chair of the school's Development Steering Committee, is also a member of the Stanford Challenge Leadership Council.

Thomas Steyer has been managing partner and acting chief investment officer of Farallon Capital Management since its inception in 1986. Farallon manages equity capital for institutions and high net-worth individuals. He is also a managing director of Hellman & Friedman, a San Francisco-based private equity firm he joined in 1986.

Prior to founding Farallon, Steyer was an associate in the risk arbitrage department of Goldman Sachs & Co. Previously, he worked as a financial analyst in the mergers and acquisitions department of Morgan Stanley & Co.

Steyer, who received an MBA from the Stanford Graduate School of Business in 1983, is a member of the school's Advisory Council. He serves on the board of advisors of Common Sense Media Inc., a nonpartisan, not-for-profit group dedicated to improving the media and entertainment lives of children and families.

Four people left the Board of Trustees in recent months.

Ward Woods and T. Robert Burke concluded their terms of service to the board on Dec. 9 after serving 10 years each. Denise O'Leary, who has a total of 15 years of service, stepped down on Oct. 7. Peter Bing, who has served a total of 31 years on the board since 1970, also finished his most recent term on Oct. 7.