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March 2007
Meet the other Honorees
Back to the Ball...
ANZACC is proud to Honor...

A.D. Frazier


A.D. Frazier has spent his entire 40-year professional career as an executive manager in the for-profit, not-for-profit and government sectors of the U.S. economy. He has had an unusually wide range of experiences and is well known as a knowledgeable professional problem-solver who has undertaken and successfully completed a variety of challenging assignments both domestically and internationally.

Mr. Frazier is currently serving as the Chairman and Chief Executive Officer of Danka Business Systems PLC, a leading document solutions provider, based in St. Petersburg, Florida. He owns and operates Wolf Creek Broadcasting, Inc., a radio broadcasting company. Mr. Frazier served as Chairman of the Board and Chairman of the Executive Committee of Gold Kist, Inc., an agricultural products company (NASDAQ), until December 2006. Mr. Frazier also serves on the Board of Directors and is a member of the Compensation Committee of Apache Corporation, a Fortune 500 oil and gas company (NYSE, NASDAQ), and serves on the Board of Directors and is a member of the Technical Committee of The Pinellas Education Foundation, a foundation that oversees all public schools in the Pinellas County area. Mr. Frazier served on the Board of Directors of Gevity, Inc., a human resources management firm (NASDAQ), until May 2006. Prior to joining Danka, Mr. Frazier was with the law firm of Balch & Bingham, LLP, Of Counsel, in the firm's Atlanta office.


Experience

Mr. Frazier has extensive experience in the following areas:
  • Corporate and Shareholder Matters
  • Contracts and Commercial Disputes
  • Executive Compensation
  • Labor/Management Relations
  • Financial Services Healthcare

Mr. Frazier is a trained mediator having met the qualifications for registration with the State of Georgia. Mr. Frazier's extensive business experience and legal background combine to provide him with a unique perspective on the role of the mediator and on the mediation process.

Mr. Frazier is a member of the following professional organizations:

  • North Carolina State Bar
  • American Bar Association
  • North Carolina Bar Association
  • Georgia Bar Association
  • Atlanta Bar Association
  • The Association for Conflict Resolution


Educational Background

Mr. Frazier earned both an AB and JD from the University of North Carolina at Chapel Hill. He was admitted to the North Carolina Bar in 1969 and completed Harvard Business School's Advanced Management Program in 1981. He spent five years as an officer in the U.S. Army Reserve.


Work History

Caremark Rx, Inc.

In May 2002, Mr. Frazier was recruited to be the President and Chief Operating Officer of Caremark Rx, Inc. a Fortune 500 pharmacy benefit management company. He managed all operational aspects of the company's principal subsidiary, Caremark Inc., which included over 4000 staff in over a dozen locations. He assisted in successfully positioning Caremark to acquire Advance PCS, resulting in creation of the Nation's second largest PBM. After the acquisition, Mr. Frazier retired from Caremark and the Caremark Board of Directors in 2004.

Chicago Stock Exchange

In February 2001, Mr. Frazier was recruited to become Chairman of the Board and Chief Executive Officer of the Chicago Stock Exchange. He successfully guided the Exchange through the change to penny increments in securities pricing and the recovery of operations after the events of September 11, 2001.

AMVESCAP

In November 1996, Mr. Frazier joined INVESCO, now an affiliate of AMVESCAP, PLC as Executive Vice President and a member of the Board of Directors. AMVESCAP is one of the world's largest financial asset managers. In April 1997, Mr. Frazier became President and Chief Executive Officer of INVESCO, Inc. with overall responsibility for all U .S. based institutional asset management business consisting of over $93 billion in assets under management and over 700 people in five locations. He served there successfully, adding a variety of new products and increasing both earnings and assets under management until February, 2001.

Atlanta Committee for the Olympic Games

Prior to joining INVESCO, Mr. Frazier was for 6 years the Chief Operating Officer and second in command of the Atlanta Committee for the Olympic Games (ACOG) and was responsible for all of the operational aspects of the 1996 Centennial Olympic Games, including Planning, Construction, Sports, Venues, Technology, Administration, Operations, Accreditation, International Organizations, Games Services (tickets, food, beverage and accommodations), Atlanta Olympic Broadcasting, and Finance and Management Services . Staff and volunteers at the peak numbered over 90,000 people. He also served on ACOG's Board of Directors. The 1996 Atlanta Olympic Games was financed with private funds. After raising and spending over $1.7 billion, the Games closed with over $300 million in legacy investments and a balanced budget.

First Chicago Corp. and The First National Bank of Chicago

Before being recruited to ACOG in 1991, Mr. Frazier was Executive Vice President in charge of the North American Banking Group (large corporate banking) of First Chicago Corp. and The First National Bank of Chicago (now J .P. Morgan Chase) having joined the corporation in 1982 as head of strategic planning . Before leaving First Chicago, he became a member of the Reserve City Bankers Association.


Additional Background

Mr. Frazier began his banking career with Citizens and Southern National Bank (now Bank of America) in Atlanta, Georgia in 1969, holding a variety of positions and rising to the rank of Executive Vice President.

From December, 1976 until December, 1977 while on leave from Citizens and Southern, Mr. Frazier managed the inauguration of President Jimmy Carter and headed the team that reorganized the White House and the Executive Office of the President.

During his early years in Atlanta, Mr. Frazier led a number of community and eleemosynary projects. Specifically, in 1980 he chaired a financial services group which arranged commitments totaling over $50 million from local banks for inner-city mortgage loans and was the first Chairman of Grant Park Neighborhood Housing Services, a not-for-profit housing redevelopment project. In 1981 he chaired Governor George Busbee’s commission that established Georgia's Public Telecommunications Commission, (public broadcasting), becoming its first Chairman. From 1977 to 1981 he served as a Presidential Appointee to the National Council on the Humanities.

Upon returning to Atlanta in 1991, he served as a member of the Board of the Atlanta Chamber of Commerce (1992-1995), as a member of the Board of Trustees of Lovett School (1996-1999), as a member of the Georgia Board of Corrections (1997-2006), as Vestryman, Treasurer, Trustee, and Lay Reader at All Saint’s Episcopal Church, and as Chairman of the Board of Directors of the Atlanta Symphony Orchestra (1997-2000).

While in Chicago between 1982 and 1991, he served on the boards of Evanston Hospital Corporation, The Museum of Science and Industry, the Lyric Opera, public television station WTTW, and Neighborhood Housing Services of Chicago. Mr. Frazier instituted a feeding ministry at Christ Episcopal Church in Winnetka, Illinois, and chaired Chicago’s Armed Forces Day Festivities.

Over the years Mr. Frazier has lectured on a variety of management and business strategy topics at the U.S. Army War College, Yale University, Washington and Lee University, Emory University and the Kellogg School of Northwestern University. He has served on advisory boards of the Kellogg School, Babcock School of Business at Wake Forest University, and The University of North Carolina at Chapel Hill. Additionally, he has served on the board of directors of Magellan Health Services, Inc., Rock-Tenn Company, and R.J. Reynolds Tobacco Co.

Mr. Frazier has received a number of awards. In 1976 he was named one of the five outstanding Young Men of Atlanta. From 1992-1996 Georgia Trend Magazine selected him as one of the “100 Most Influential Persons in Georgia”. In 1996 Piedmont College awarded him an honorary degree of Doctor of Business Administration, and at the close of the 1996 Olympic Games, he was awarded the Olympic Order, in gold, the highest serviced award given by the International Olympic Committee. Mr. Frazier donated his memorabilia from the Olympics to Atlanta’s Capital City Club Olympic Room. The Frazier Stage at the center of Davidson College’s Duke Family Performing Arts Center was donated by Mr. Frazier in 2002 to honor his children, Carrie and Jim.

Mr. Frazier is currently a member of the Capital City Club (former board member), The Piedmont Driving Club, (both in Atlanta) The Chicago Club, the Economic Club of Chicago and the Georgia Association of Broadcasters.
 

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