Board of Directors

William (Bill) McKinzie is an Operating Partner at Thoma Bravo. Bill is the former President & CEO of Manatron Inc., which was a Thoma Bravo portfolio company during his tenure in that position and subsequently was sold to Thomson Reuters (NYSE: TRI), a global information services company. He joined Manatron Inc. in 2002 and focused on improvements in product management, including marketing, support, pricing and strategy, which played an important role in Manatron becoming a leading provider of integrated, enterprise-level property tax solutions for state and local governments. Prior to joining Manatron, Bill was Vice President of Information Services for Kellogg Company’s International operations, based in Battle Creek, Michigan, and, before that, Vice President and Chief Information Officer of Kellogg’s European operations based in the United Kingdom and its Latin American operations based in Mexico. Bill has a MBA degree in Finance from Loyola University of Chicago and a BS degree in Computer Science and Mathematics from Bowling Green State University.

Carl D. Thoma is a Founder and Managing Partner at Thoma Bravo. He was a Co-Founder and Managing Director at Golder, Thoma, Cressey, Rauner and its predecessor funds since 1980. He began his career at First Chicago Equity Group where he helped build one of the largest and most active private equity firms in the country. He is a recognized pioneer of the buy-and-build strategy that is the foundation of Thoma Bravo’s strategy today.

Carl is an avid art collector, which he parallels to the process of acquiring, partnering with, and refining a company. Carl received an MBA from the Stanford Graduate School of Business and a BS degree in Accounting and Agriculture Economics from Oklahoma State University.

He is currently on the boards of the McKnight Center for the Performing Arts, SITE Santa Fe, the Terra Foundation for American Art, and is a commissioner for the National Portrait Gallery. Together with his wife Marilynn, Carl runs the Carl & Marilynn Thoma Art Foundation, a grant-making organization dedicated to sharing its collection and supporting museums, projects and individuals pursuing innovative ideas in the visual arts: www.thomafoundation.org.

Richard joined the management team of Exostar in early 2007, initially in the role of Chief Financial Officer. He became Chief Executive Officer in 2011.

Richard was previously the Vice President of Finance and member of the executive management team at Data Systems Solutions (DS&S), a world leader in asset management and predictive maintenance. The company is an international technology leader in various markets, including nuclear, aerospace & defense, and energy. When Richard joined the company it was a joint venture between SAIC and Rolls-Royce.

Prior to joining DS&S, Richard held various positions of increasing leadership, having worked for an international public accounting firm in Washington D.C. for several years before joining Atlantic Research Corporation, a subsidiary of Sequa. Richard then moved to Rolls-Royce North America where he assumed successive positions of responsibility, ultimately as Director of Tax for Rolls-Royce North America. In this position, he managed the design and implementation of corporate restructurings, cross-border financing, mergers and acquisitions, and economic development. In addition, he led the design and implementation of the company’s “Building Financial Acumen” program with the University of Virginia’s Darden School of Business.

In addition to holding an undergraduate degree in Accounting from Marymount University, Richard is a Certified Public Accountant (CPA) and holds a Masters of Tax degree from The George Washington University. He also serves on the Aerospace Industry Association Board of Governors, and is a member of the American Institute for Certified Public Accountants (AICPA).

James (Jim) Hagan is an Operating Partner at Thoma Bravo. Jim brings more than 20 years of experience in helping public and private equity-backed software companies grow and scale. He currently is the CFO at MedeAnalytics, a Thoma Bravo portfolio company where he has served since 2016. Jim’s prior experience includes various management roles, including COO, CFO and interim-CEO at Forcepoint, a global cybersecurity company where he oversaw revenue growth from $365 million to $580 million. Before Forcepoint, he served in various finance roles at Websense and Fair Isaac (FICO), and he worked in both the Industrial and Global Financial Sponsors groups at Lehman Brothers. Jim earned his MBA from UCLA Anderson School of Management and his BA degree in Economics from UC San Diego.

Carl is a Principal at Thoma Bravo. Based in San Francisco, he joined the firm in 2015. Previously, he was a technology investor at HighBar Partners, an Associate in the Special Situations Group at Oaktree Capital Management, and an Analyst at UBS Investment Bank. Carl holds an MBA from The Wharton School of the University of Pennsylvania, where he was a Palmer Scholar, and a BS degree in Electrical Engineering, with Honors, from the University of Illinois at Urbana-Champaign.

Adam Kinalski is a Senior Associate at Thoma Bravo. Based in San Francisco, he joined the firm in 2016. Previously he worked in investment banking for Barclays. Adam earned his AB degree at the Woodrow Wilson School of Public and International Affairs at Princeton University.

In May 2019, Kathy was appointed as an Independent Director of the Exostar Board after serving as that Board’s Lockheed Martin representative from 2008 to 2018.

Prior to her retirement from Lockheed Martin, Kathy served as Vice President of Global Financial Services and CFO for Enterprise Business Services.  She was the Executive Sponsor for the Finance Leadership Development Program (FLDP), Mid-Career Development Program (MCDP) and  Finance Leadership Academy (FLA) . She also led the Finance Transformation initiative for the Corporation. In 2017, Kathy received her industry’s prestigious “Courageous Leader Award.”

Kathy previously served as Vice President of Finance and Business Operations for Lockheed Martin’s Electronic Systems Business Area and Vice President of Finance & Business Operations for their Integrated Systems & Solutions (IS&S) Business Area.

She has served on the Board of Directors for the American Red Cross of Central Maryland and on the Sandia National Laboratory (SNL) Board of Directors.

Kathy lives on Anna Maria Island, FL with her husband.  She has two sons and enjoys spending time with her family, boating, and traveling.

Steve Man is an Operating Advisor at Thoma Bravo. Prior to assuming this role in 2019, Steve held leadership positions in two Thoma Bravo portfolio companies and was responsible for implementing best practices and value creation activities guided by the Board of Directors. His roles included Vice President of Finance at MedeAnalytics and Director of Finance at Roadnet Technologies. Outside of his Thoma Bravo tenure, Steve was a technology investment banker at Jefferies and a graduate of Capital One’s Finance Rotation Program. Steve earned his MBA from Rice University and BA degree in Economics from the University of Maryland, College Park.

Sam Yules is an Associate at Thoma Bravo. Based in San Francisco, he joined the firm in 2018. Previously he worked in investment banking for Morgan Stanley.  Sam earned his BS degree with distinction in Management Science and Engineering at Stanford University.