Wilma Jordan, Founder and CEO of The Jordan, Edmiston Group, Inc. (JEGI), leads the most successful independent investment bank for the media, information, marketing and technology sectors. Since being founded in 1987, JEGI has completed more than 500 M&A transactions for global and emerging companies; entrepreneurial owners; and private equity and venture capital firms. For each of the past eight years, JEGI has completed more transactions in the vertical sectors that it serves than any other investment bank, according to the Bloomberg League Tables.
Ms. Jordanís Best Practices approach to M&A advisory services has been instrumental in forging the firmís reputation for overall excellence, integrity and the ability to maximize value for its clients. Ms. Jordanís vast experience includes having founded, owned, managed, advised and served on the Board of Directors of a number of high-profile media, marketing, interactive and technology businesses.
Ms. Jordan was one of the founders and initial shareholders of the 13-30 Corporation, which grew to become one of the 100 largest media companies in the country during her tenure as CFO. After 15 years of building the business, ultimately generating a profit margin of 21% on revenues of $80 million, Ms. Jordan and the other founding shareholders sold their stake to a management-buyout group in 1985, earning a return on investment in excess of 100% a year.
Ms. Jordan also participated as shareholder, chief operating officer and principal negotiator in the revitalization and 1986 sale of Esquire Magazine Group, which included Esquire, New York Woman and other media assets. The shareholders of Esquire Magazine Group, which included the Daily Mail & General Trust, earned annual returns in excess of 50% during their seven years of ownership.
Ms. Jordan was elected to the board of Lin Broadcasting in 1987 and was one of three directors chosen in 1990 to serve on a newly assembled board after McCaw Cellular purchased 52% of the outstanding ownership in a hostile takeover. In 1995, Lin Broadcasting and McCaw Cellular were sold to AT&T for $13 billion, with Ms. Jordan chairing the Special Board Committee that oversaw the divestiture process.
Ms Jordan was also elected to the board of Lin Television, an independent NASDAQ-listed company that was spun off from Lin Broadcasting in 1994. Lin Television was sold in 1998 to Hicks Muse & Tate for $1.9 billion. Following a successful IPO (NYSE: TVL) in May 2002, she was invited to join the board of Lin Television as an independent director and served on the Lin TV Board from May 2002 to August 2006. In addition, Ms. Jordan served on the Board of Clayton Homes, Inc (NYSE), the largest vertically integrated manufactured housing company in the U.S., from 1996 to 2003, at which time Clayton Homes was sold to Berkshire Hathaway for $1.7 billion.
Over the past two decades, Ms. Jordan has served on the Boards of several privately-held companies. From 2000 to 2010, she served on the Board of iBehavior and acerno. These companies are database repositories of offline and online shopping data. iBehavior was sold to WPP in 2010, and acerno was sold in 2009 to Akamai. The sale of these companies returned approximately 10X cash on cash to their investors.
In addition, from 1991 to 1996, Ms. Jordan served on the Board of Ringier America, a full-service printing company that was owned by Ringier AG, the largest media company in Switzerland. Ringier America was sold to World Color Press in 1996 for $415 million.
Ms. Jordan recently joined the Board of Directors of Fenimore Asset Management, a preeminent wealth management group. She is also a Trustee of Guideposts, Inc., publisher of Guideposts Magazine and a leading provider of other inspirational magazines, books and related products and ministry programs. In addition, she is a former member of the Board of Trustees of the Convent of Sacred Heart at 91st Street in New York.
Ms. Jordan is a graduate of the University of Tennessee, Knoxville, with a Bachelor of Science degree. In 2009, Ms. Jordan was conferred the honorary degree of Doctor of Business Administration by Lincoln Memorial University in Tennessee. She recently served as chair of its 21st Century Campaign and is a member of the University of Tennessee College Business Advisory Council. Ms. Jordan was the 2000 recipient of the Financial Womenís Association of New York Entrepreneur of the Year Award and the 1999 recipient of the Volunteer of the Year Award. The Volunteer of the Year honor is presented to distinguished alumni of the University of Tennessee in recognition of their untiring dedication and commitment to the University.
Ms. Jordan is a member of The Stanwich Club, Greenwich, Connecticut, and The Westmoor Club, Nantucket, Massachusetts. Ms. Jordanís personal passion is land conservancy. She has donated a permanent conservation easement on the land of Valley Dream Farm, a 550 acre farm in East Tennessee, to Foothills Conservancy. Ms. Jordan is married with two children and divides her time between New York City, Greenwich and East Tennessee.
|Neel Corporate Governance Center | Haslam College of Business|