Independent directors act as a guide to the company. Their roles broadly include improving corporate credibility and governance standards functioning as a watchdog, and playing a vital role in risk management. Independent directors play an active role in various committees set up by company to ensure good governance. Performance Validation is committed to increasing the number of independent directors on our board, as well as increasing the board’s diversity in order to make the best decisions possible and obtain the best possible outcomes for our employee owners.
Bruce E. Beck, Independent Board Member
Mr. Beck brings extensive skills and experiences in leading and managing various types of groups in the pharmaceutical business. His experience includes 34 years with Eli Lilly and Company with 15 of those years as Director of Engineering Global Facilities Delivery (GFD). During his role as the lead for GFD, Mr. Beck successfully led the development and implementation of a corporate Commissioning and Qualification program that has been used in the delivery of new and existing assets around the world. Mr. Beck has been responsible for the delivery of both US and outside US facilities including China, Spain, Ireland, Italy, France, and the United Kingdom.
As a manager, Mr. Beck has provided coaching, mentoring, and leadership to his direct reports to enhance their skills in leading multicultural teams around the world. A cornerstone of his success is based on the ability to focus on both technical expertise and leadership necessary to bring large capital projects to fruition. His experience includes development of a best in class Commissioning and Qualification program. Development and implementation of a Construction Quality Assurance program that delivered first time quality to capital projects effectively reducing rework on capital projects by 40-50%, and a program to address equipment lifecycle by creating a standardized maintenance package process to ensure that all newly acquired assets are maintained properly.
Kristy Britsch serves as senior counsel to the Corporate and Securities Practice Group of the law firm of
Levenfeld Pearlstein, LLC (LP). She has more than a decade of experience advising closely held businesses on incorporating employee stock ownership plans (ESOPs) into their business succession planning. Kristy represents businesses of all sizes, as well as selling shareholders and ESOP fiduciaries, in transactions involving employer securities. Her transaction experience includes representing companies, selling shareholders and ESOP fiduciaries in the sale of employer securities to the ESOP, representing existing ESOP companies and ESOP fiduciaries in sales of ESOP companies to third-party buyers and representing existing ESOP companies and ESOP fiduciaries in the acquisition of other companies. Kristy enjoys helping her clients navigate the complex legal aspects of an ESOP stock purchase transaction and the issues that arise during the life cycle of the ESOP post-transaction, which includes counsel on ERISA fiduciary matters.
In addition to working on ESOP transactions, Kristy’s practice focuses on general employee benefit and executive compensation matters, including plan design, implementation, and compliance for various types of qualified and non-qualified plans (this includes advising businesses on Code Section 409A matters). In addition, Kristy supports LP’s corporate attorneys by using her expertise with employee benefit plan and executive compensation issues related to merger and acquisition transactions. Kristy also represents plan sponsors and fiduciaries with respect to Internal Revenue Service (IRS) and Department of Labor (DOL) examinations and audits and with the resolution of plan defects by utilizing the IRS and DOL correction programs.
Two Park Fletcher
5420 W. Southern Ave., Ste.100
Indianapolis, IN 46241
(855) PERF-VAL (737-3825)
5136 Lovers Lane, Suite 201
Portage, MI 49002
Welsh Commissioning Group,
A Division of Performance Validation
4508 Auburn Way N, Suite B
Auburn, WA 98002
Kansas City, KS
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