Inc. today announced that its board of directors has elected two new
members, effective June 14: Richard S. Braddock, chairman at the private
equity firm MidOcean Partners, and Debra L. Lee, president and chief
operating officer of Black Entertainment Television (BET), a media and
entertainment company owned by Viacom.
J.W. Marriott, Jr., chairman and chief executive officer of Marriott
International, said, “I am pleased to announce that these two highly
accomplished and respected executives and leaders are joining our board.
Debra brings considerable operational and legal expertise, and Rick a deep
insight into equity markets and distribution channels. Both new members
will be valuable strategic assets as we continue our growth in a highly
Prior to his position at MidOcean Partners, Mr. Braddock had been chairman
of priceline.com, a position he held from August 1998 through April 2004.
He also served as chief executive officer at priceline.com from August
1998 through June 2000. While at the company, he led priceline.com through
its early product launches, initial public offering, and development of
its travel business. Previously, Mr. Braddock served as chairman of True
North Communications, a global advertising and communications firm, from
July 1997 to January 1999, and was a principal in the private equity
investment firm of Clayton, Dubilier & Rice from June 1994 to September
Earlier, Mr. Braddock was chief operating officer at Medco Containment
Services, Inc., a leading pharmacy benefit manager that was purchased by
Merck, from January 1993 to October 1993. Mr. Braddock joined Citicorp in
1973, serving as chief operating officer of the company and its principal
subsidiary, Citibank, N.A. January 1990 through October 1992.
A graduate of Dartmouth College with a degree in history, Mr. Braddock
received an M.B.A. from the Harvard School of Business Administration. He
also serves on the board of directors of Cadbury Schweppes, Eastman Kodak
Company, MphasiS-BFL Limited, Lenox Hill Hospital, and the Lincoln Center
for the Performing Arts.
Ms. Lee’s career at BET began in 1986 as vice president and general
counsel. In 1992, she was named executive vice president of legal affairs
and publisher of BET’s magazine division, while continuing to serve as
general counsel. In 1995, Ms. Lee assumed responsibility for BET’s
strategic business development and was named president and chief operating
officer in 1996.
Prior to joining BET, Ms. Lee spent five years as an attorney with
Washington, D.C.-based Steptoe & Johnson, a corporate law firm. From
August 1980 through September 1981, she served as a law clerk to the late
Honorable Barrington Parker of the U. S. District Court for the District
of Columbia. In addition to receiving a bachelor of arts from Brown
University, Ms. Lee has M.A. and J.D. degrees from Harvard University.
A recognized leader in the telecommunications industry, Ms. Lee was a
recipient of the 2003 Vanguard Award from the National Cable &
Telecommunications Association; 2003 Positively Visionary Award from Cable
Positive; 2003 Quasar Award from the National Association of Minorities in
Communications; 2000 Tower of Power Trumpet Award from Turner Broadcasting
System; and the Silver Star Award from American Women in Radio and
Television. She also won the 2001 Woman of the Year Award from Women in
Cable and Telecommunications, the Wonder Woman Award from Cablevision
Magazine and was named one of the 100 Most Powerful Women in Washington,
DC by Washingtonian Magazine and one of the cable television industry’s
“Hundred Heavy Hitters” by Cable Fax Magazine.
Ms. Lee serves on the corporate board of directors of Eastman Kodak
Company and Washington Gas & Light Company. She is affiliated with a
number of professional and civic organizations, including the National
Cable & Telecommunications Association national board, Telecommunications
Development Fund, and Center for Communication. Ms. Lee is also a member
of the national board of directors for Girls, Inc., the Kennedy Center’s
Community & Friends board, National Symphony Orchestra board, National
Women’s Law Center, the Alvin Ailey Dance Theater, and is a Trustee
Emeritus at Brown University.