August 14, 2014—Usha Chaudhary, chief financial officer and vice president at the Washington Post, and Wolfgang Tolle, a Northern Virginia technology entrepreneur and international business executive, have joined Nathan Associates Inc.’s board of directors.
Ms. Chaudhary and Mr. Tolle were elected in August by the firm’s shareholder-employees. The shareholder-employees also reelected six board members: Chairman John C. Beyer, Chief Executive Officer Lakhbir Singh, and outside directors Richard L. Burtner, founder of Entrepreneurial Business Solutions LLC; Katherine K. Clark, former CEO of Smartthinking; Valerie W. Perlowitz, managing director of International Holding Co. LLC; and Tessie San Martin, CEO of Plan International USA.
The new members possess unique blends of depth and experience, enhancing the board’s ability to help guide the firm. Ms. Chaudhary, a Certified Public Accountant and Chartered Global Managerial Accountant, has extensive senior executive experience with for-profit and nonprofit organizations. Mr. Tolle’s breadth of experience includes forming new ventures and advising them as well as holding top management positions in publicly traded companies.
As chief financial officer of the Post, Ms. Chaudhary oversees accounting and finance functions as well as real estate administration and security. Since joining the company in 2008, she has led the execution of the company’s sale to Jeff Bezos, founder and chief executive officer of Amazon.com; development and execution of a business strategy to achieve long-term profitability; headquarters sale and relocation; and cost reductions of more than $200 million. Previously, Ms. Chaudhary was chief financial officer of the United Way of America and spent almost 20 years at the Federal Home Loan Mortgage Corporation (Freddie Mac), finally serving as vice president of operations and treasury in the capital markets division.
Mr. Tolle has been president and chief operating officer of PostCreator, a new venture in the social media and branding space, since April 2014. Immediately before that, he served as the eye-care company Alcon Inc.’s general manager for Belgium, the Netherlands, and Luxembourg. In that position, he guided the integration of Alcon Benelux into Novartis AG, the Swiss multinational that finished its $50 billion acquisition of Alcon in 2011. As an entrepreneur, he helped drive Northern Virginia’s transformation into a center of information technology. His ventures included LaunchDreams LLC, a Northern Virginia firm that wrote strategic plans, conducted due diligence, and advised international companies on entering the U.S. market.
The addition of Ms. Chaudhary and Mr. Tolle fills one vacancy and expands the board size from seven to eight.