Mount St. Mary’s University appointed Cornerstone Management Group CEO, Simon Newman, as its new President. Newman brings extensive executive experience to his new role, as he not only is the CEO of the consulting firm but also functions as Managing Director at JP Capital Partners, and almost three decades of consulting experience.
Simon Newman has been chosen to take on the role of President of the Roman Catholic private university, located in Emmitsburg, the US, after a six-month national search process. Newman will become the 25th President of the in 1808 established university and succeeds Thomas Powell who has been President since 2003. “The committee entered this process with a clear understanding of the board’s requirements for our next leader. We focused on those candidates with experience in fund raising, strategic planning and fiscal leadership, strong communication skills, and a deep Catholic faith,” comments search leader Francis Daily, member of the Board of Trustees and a 1968 graduate of the university.
Newman joins Mount St. Mary’s with extensive experience working as an executive and has a strong background in private equity, strategy consulting, and operations. Currently he functions as the CEO of Cornerstone Management Group, a private equity, M&A, and strategic consulting firm, a firm he joined in 2001. In addition to this, Newman has been the Managing Director of private equity firm JP Capital Partners since 2008. Prior to his current roles, Newman acted as CEO of online marketplace TradeYard for two years and worked at the Private Equity and M&A Practice of Bain & Company. Newman started his career in consulting at the Media, Entertainment and Telecommunications Practice of LEK Consulting, where he worked for ten years. Newman has a Bachelor’s degree and Master’s degree in Chemistry, Physics, Biochemistry from University of Cambridge, as well as an MBA from Stanford University’s Graduate School of Business.