William F. Hagerty, IV
William F. (Bill) Hagerty is a founder and Managing Director of Hagerty Peterson & Company, LLC ("Hagerty Peterson"), a private equity investment firm with offices in Nashville and Chicago.
In July of 2016, Bill took a leave of absence from Hagerty Peterson to serve as Director of Presidential Appointments for the 2016 Trump Presidential Transition Team, where he is responsible for the planning and execution of the process to effect the largest leadership transition in the world - one that ultimately encompasses over 4,000 Presidential Appointments.
He is also leading Nashville's effort to acquire a Major League Soccer franchise. And he serves on the boards of 3 public companies: RenaissanceRe (NYSE: "RNR"), Pinnacle Bank (NASDAQ: "PNFP"), and Ryman Hospitality Properties (NYSE: "RHP"), parent company of the Gaylord Hotel Group, the Grand Ole Opry and Nashville's famed Ryman Auditorium.
But for those who know him, Bill's ability to multi-task at the highest levels comes as no surprise. His career has been a diverse and colorful one, incorporating a fascinating spectrum of local, national and international consulting, finance, banking and investment, and state and national government.
A native of Tennessee, Mr. Hagerty attended Vanderbilt University and graduated Phi Beta Kappa with a degree in Economics. He then attended Vanderbilt Law School as a Wilson Scholar and was elected to the Law Review where he served as Associate Editor.
Bill began his professional career at global management consultancy Boston Consulting Group ("BCG") where he worked on 5 different continents for a broad range of clients in the Health Care, Financial Services, Consumer Products, Media and Technology sectors. His last three years with the firm were spent in Tokyo, Japan, as the Senior Expatriate responsible for managing Boston Consulting's western clients throughout Japan and Asia.
During the Bush (41) Administration, Bill joined the White House Staff with assignments in international trade, commerce, treasury, defense and telecom. He was selected as a White House Fellow reporting to the Vice President of the United States.
Following his White House service Bill joined Silicon Valley-based Trident Capital and began his career in private equity. One of his first deals with Trident was lifting out the mapping division of former BCG client, RR Donnelly, to form what became MapQuest, in which he co-invested with Trident. MapQuest 3 years later went public (Nasdaq: MQST) and then was acquired through a public tender by AOL Time Warner (NYSE: AOL).
Bill later helped form and lead the private equity and advisory firm that bears his name today - Hagerty Peterson and Company. With a hands-on philosophy of building equity value, Bill served as founder and Chairman of the Board for CyMed, Inc., the nation's third largest medical records company, which later merged with NYSE-traded PLDT (NYSE:PHI). He was also Vice-Chairman of NEW Customer Services Company, the nation's largest electronics warranty administrator, which merged into NEW Asurion.
In 2011, Mr. Hagerty joined the Cabinet of newly elected Tennessee Governor Bill Haslam as Commissioner of Economic Development for his home state, with responsibility for trade, jobs and economic growth for Tennessee. As a Cabinet Member he reported to Governor Haslam and the 132 elected Members of the Tennessee General Assembly. He worked on a regular basis with the US Congress, where he provided Congressional testimony, and had numerous interactions with the US Treasury, the US Department of Commerce, the US Trade Representative, the International Trade Administration, HUD, SBA and other federal agencies. Bill led numerous trade missions for the State and served as Delegation Head for the Southeast US/Japan annual exchanges. During his tenure in the Tennessee Cabinet, Bill's team executed over 700 transactions, securing commitments for more than $15 billion in capital investment and 90,000 jobs.
As Economic Development Commissioner, Bill was also responsible for the Tennessee Film, Entertainment and Music Commission. Under his leadership the Commission staff refocused their efforts on areas where the convergence of music, entertainment and film had the potential to yield the best possible returns for the State in a variety of sectors, including tourism, the local economy and new corporate recruitment. The Commission identified the ABC hit television series "Nashville" as just such an opportunity, subsequently investing more than $35 million in the show which is now syndicated in more than 60 countries and touches more than 8 million viewers each week. The series' impact on the growth of Nashville's economy and tourism statewide has proven to be one of the most successful in state history.
During his four years of service as Economic Development Commissioner, Bill successfully navigated significant budget and staff cuts in the department in response to reductions of nearly $2 billion in the State budget. He eliminated 47% of the department's positions, and his team implemented a more efficient decentralized management structure with stringent reporting metrics and higher accountability across the organization. He also launched a new TNTrade division of the Economic Development department, adding overseas offices aimed directly at expanding international markets that offer the greatest opportunity for Tennessee companies and entrepreneurs.
As a result, Tennessee set and broke three consecutive all-time records for job creation, rising to #1 in the Southeast for job growth, #1 in the Southeast for personal income growth, and #1 in the region for overall state GDP growth. Tennessee became the first state in the nation to be ranked #1 for Economic Development two consecutive years (2013 and 2014), and was named the #1 state in the nation for job creation through foreign direct investment in October of 2014, and again in 2015.
When not in public service, Bill has served in a variety of complex corporate governance situations.
Bill served on the Board of Directors and as Chair of the Compensation Committee for global publisher Houghton Mifflin Harcourt during its transition from an Irish domiciled company to one now headquartered in the US. (Nasdaq: HMHC).
Today, Bill is a Director and member of the Audit Committee for Ryman Hospitality, the lodging and entertainment firm that owns such iconic brands as Gaylord Hotels, The Grand Ole Opry and the Ryman Auditorium, widely viewed as the tabernacle of Country Music. He is a Director of Pinnacle Financial Partners, the nation's second best performing bank stock and the largest bank headquartered in Nashville. And he sits on the Board and Chairs the Governance Committee of R.J. O'Brien, the nation's largest independent futures and commodities merchant (www.rjobrien.com). RJO recently absorbed 70% of the assets of MF Global at the request of the Chicago Mercantile Exchange, and is now expanding its footprint internationally while strengthening its base in US markets and building competence in managing the US regulatory environment as a source of competitive advantage.
As a community volunteer and philanthropist, Mr. Hagerty led a $50 million Capital campaign as Chairman of the Executive Board for the National Capital Council of the Boy Scouts of America, a non-profit organization with more than 80,000 youth and adult volunteers. He has served on the Board of the Far East Council of the BSA (Japan) and is still an active member of the Middle Tennessee BSA Board's Executive Committee today.
Bill also served for eleven years as member and Chair of the Regional Selection Panel for the President's Commission on White House Fellowships during the Clinton, Bush and Obama administrations. He served as Vice Chairman of the Board of Columbia Hospital for Women, a nationally recognized not-for-profit Women's hospital in the District of Columbia. And he has been engaged locally as a Trustee of Cheekwood where he served on the Executive Committee of the Board.
A member of the New York Bar Association (inactive), Bill has been widely published and interviewed by a host of national newspaper, scholarly and trade publications that include the Wall Street Journal, Washington Post and the Boston Globe, and national radio and TV programs on CNN, ABC, CBS, NBC and Fox Affiliate networks.
When he is not working out of New York City or Washington, DC, Bill and his wife Chrissy live in Nashville with their four children.
Trump Transition Leadership:
Hagerty's MLS Push:
Hagerty Leaves Haslam Cabinet:
http://www.jrn.com/newschannel5/news/politics/Economic-Commissioner-Hagerty-Leaving-Haslam-Administration-282432351.html and http://www.tennessean.com/story/news/politics/2014/11/12/ecd-commissioner-bill-hagerty-leave-haslam-administration/18912413/