| | Joe Mansueto | | Chairman | | | Joe Mansueto founded Morningstar in 1984. He has served as our chairman since our inception, and as our chief executive officer from inception to 1996 and from 2000 to the present. He holds a bachelor’s degree in business administration from the University of Chicago and a master’s degree in business administration from the University of Chicago Graduate School of Business. | |  | |
| | Don Phillips
| | Board Member | | | Don Phillips has been one of our managing directors since 2000. He is responsible for corporate strategy, research, and corporate communications. He joined us in 1986 as our first analyst. He served as our vice president and publisher from 1991 to 1996, as our president from 1996 to 1998, and as our chief executive officer from 1998 to 2000. He has served on our board of directors since August 1999. He also serves on the board of directors for Morningstar Japan. He holds a bachelor’s degree from the University of Texas and a master’s degree from the University of Chicago. | | | |
| | Cheryl Francis | | Board Member | | | Cheryl Francis was elected to the board of directors of Morningstar in 2002. She has been vice chairman, Corporate Leadership Center, since 2002 and an independent business and financial advisor since 2000. From 1995 to 2000, she served as executive vice president and chief financial officer for R.R. Donnelley & Sons Company, a print media company. She currently serves as a member of the board of directors of HNI Corporation and Hewitt Associates, as well as a trustee for Cornell University. Francis holds a bachelor's degree from Cornell University and a master's degree in business administration from the University of Chicago Graduate School of Business. | | | |
| | Steve Kaplan | | Board Member | | | Steve Kaplan served as a member of Morningstar's advisory board beginning in 1998 and was elected to the board of directors in 1999. Since 1988, he has been a professor at the University of Chicago Graduate School of Business where he currently is the Neubauer Family Professor of Entrepreneurship and Finance. Kaplan holds a bachelor's degree in applied mathematics and economics from Harvard College and a Ph.D. in business economics from Harvard University. He also serves on the board of trustees of the Columbia Acorn Funds where he serves as a member of the governance and compliance committees. | | | |
| | Jack Noonan | | Board Member | | | Jack Noonan served as a member of Morningstar’s advisory board beginning in 1998 and was elected to the board of directors in 1999. Since 1992, he has served as president and chief executive officer of SPSS Inc., a software company in predictive analytics, where he also currently serves on the board of directors. | | | |
| | Paul Sturm | | Board Member | | | Paul Sturm served as a member of Morningstar’s advisory board beginning in 1998 and was elected to the board of directors in 1999. He is a private investor who wrote a monthly column on investing for SmartMoney between 1992 and 2006. From 1985 to 1989, he was assistant managing editor for BusinessWeek. From 1980 until 1985 he held a similar position at Forbes. Prior to that, Sturm worked as a business writer for a variety of publications based in New York, Washington, and London. Sturm holds a bachelor's degree in economics from Oberlin College and a master's degree in journalism from Columbia University. He received a law degree from Georgetown University Law Center. | | | |
| | Frank Ptak | | Board Member | | | Frank Ptak was appointed to Morningstar’s board of directors in 2007. He has been president and chief executive officer of The Marmon Group, a diverse manufacturing and service organization comprising more than 125 independent businesses, since 2006, where he also serves on the board of directors. From 1996 to 2005, he served as vice chairman of Illinois Tool Works, Inc., a manufacturer of industrial systems and components. He holds a bachelor’s degree in commerce from DePaul University. | | | |
| | William M. Lyons | | Board Member | | | William M. Lyons was elected to the board of directors of Morningstar in 2007. Lyons was president and chief executive officer of American Century Companies, Inc., a Kansas City-based investment manager, until his retirement in March 2007. Before joining American Century, he was an associate at San Francisco-based law firm McCutchen, Doyle, Brown and Enersen (now Bingham McCutchen LLP). Prior to joining the firm in 1982, Lyons worked for the United States Court of Appeals, Ninth Circuit as a law clerk. Lyons served for more than 10 years as a member of the board of governors and executive committee of the Investment Company Institute (ICI), a national trade association for investment companies. He was also appointed to serve on several special task forces of the ICI and the National Association of Securities Dealers, Inc. that examined key mutual fund policy issues. Lyons holds a bachelor’s degree in history from Yale University and a juris doctor degree from Northwestern University School of Law. | | | |
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