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John Connaughton Biography
John Connaughton is an American business executive and co-managing partner of Boston-based firm Bain Capital apart from that, he also manages Bain Capital’s private equity business.
He was awarded a Bachelor of Science(B.S) from the University of Virginia and a Master of Business Administration (M.B.A) Harvard Business School.
John Connaughton Age
John Connaughton is 56 years old as of 2019 he’s been the Independent Director of IQVIA since 2008. There are 9 older and 5 younger executives at IQVIA.
John Connaughton Bain Capital
John Connaughton began working at Bain Capital In 1989 but before joining Bain Capital, he worked at Bain & Company as a specialist at Bain & Company, Inc., where he worked in the healthcare, consumer products, and business services industries. In 2006, he was involved in the $28 billion leveraged buyouts (LBO) of Clear Channel Communications. He became a director of Quintiles in 2008 and much later in October 2016 Connaughton became the director of Iqvia.
He also serves on the boards of directors of iHeartMedia, Inc. and The Boston Celtics. Connaughton was previously a director of Beacon Health Options, Inc., Grupo Notre Dame Intermedia, SunGard Data Systems Inc., Warner Music Group Corp., Warner Chilcott plc, HCA Holdings, Inc., CRC Health Corporation, BIO Products Laboratory, and Air Medical Group Holdings, Inc.
As well as volunteering for a variety of charitable organizations, Connaughton joined the Board of Trustees for Berklee College of Music in 2005 where he also donated to the development of the Berklee Global Jazz Institute, which opened in 2010.
In 2019, Connaughton and his wife donated $5m to the McIntire School of Commerce at the University of Virginia to create the Connaughton Alternative Investing Professorship Fund.
John Connaughton Net Worth
The estimated Net Worth of John Connaughton is at least $1.03 Billion dollars as of 8 March 2019. Mr. Connaughton owns over 868,684 units of IQVIA stock worth over $270,928,080 and over the last 2 years, he sold IQV stock worth over $754,673,330. In addition, he makes $0 as Independent Director at IQVIA.
Most recently he sold 868,684 units of IQV stock worth $122,310,707 on 8 March 2019.
The largest trade he’s ever made was selling 1,441,236 units of IQVIA stock on 15 June 2018 worth over $148,447,308. On average, John trades about 553,293 units every 50 days since 2017. As of 8 March 2019 he still owns at least 2,015,534 units of IQVIA stock.
John Connaughton wife
Connaughton’s wife, Stephanie Formica Connaughton worked and developed new shaving products at the Gillette Company, Stephanie (Formica) Connaughton ’87 learned what it took to innovate: creativity, teamwork, flexible space, and pipe cleaners.
“We would go off-site to try and solve a problem,” she recalls of her engineering and design team at Gillette. “They’d put people in different combinations, hand out pipe cleaners, construction paper, glue, and markers, and tell us to build a new razor—and we would build prototypes. The most amazing things came out.”
Those experiences helped inspire Connaughton to make a gift supporting Harvard’s School of Engineering and Applied Sciences (SEAS). To mark her recent 25th Reunion, she created the Stephanie F. Connaughton Innovation Fund, a current-use fund to be used, at the discretion of the SEAS dean, for teaching and research related to design.
Connaughton’s contribution will name Pierce Hall 301, a newly renovated classroom that promotes collaboration through multiple whiteboards and curved tables that can be rearranged easily to accommodate groups of two to six. The bright, open, flexible Connaughton Room also has ample wireless connectivity and sockets for powering student laptops.
“Collaboration is about the mind, but space matters,” Connaughton says. “Pierce 301 hit a chord because it reminded me of the team dynamic that I love. Innovation involves bringing together different talents and perspectives to create new things. It’s great to help build that at Harvard.”
As an undergraduate, Connaughton concentrated in economics and shied away from engineering. “I don’t think I understood what engineering was all about,” she explains. “But I worked with tons of engineers at Gillette, and they’re the most creative people in the world.”
The Annapolis, Md., native played varsity lacrosse for two years, relished her time in Eliot House, and particularly enjoyed Professor Robert Coles’s course on the literature of social reflection. “Harvard helped me find my path,” she says. “It taught me, more than anything else, to believe in myself. And it certainly opened doors.”
Connaughton went on to earn an MBA, pursued interior design, worked at Bain & Company, and spent 15 years in marketing at Gillette (now part of Procter & Gamble). For the past few years, Connaughton—who lives in Brookline, Mass., with husband John Connaughton MBA ’94 and their seventh-grade twins—has trained her innovative eye on yoga. With Lisa (Black) Franks ’85, MBA ’91, she has developed a yoga mat with a unique grip surface to help her hands and feet feel grounded. They hope to launch the product this fall under the company name Sequence Yoga.
The Class of 1987 celebrated its 25th Reunion in mid-’80s style last May with a Friday night dance party at the athletics complex featuring the live bands English Beat and Psychedelic Furs, according to Connaughton, who served on her class gift committee. “I think it was the most fun I’ve ever had at Harvard,” she remembers. “Everyone says your 25th Reunion is more special than you imagine it will be. It takes you back like it was yesterday.”
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