OMAHA, Neb. – (December 27, 2007) Derek R. McClain, who served at different times as both General Counsel and Chief Financial Officer of Trammell Crow Company, has been elected to the Mutual of Omaha board of directors, Chairman and CEO Dan Neary announced.
As Chief Financial Officer, McClain was a senior member of Trammell Crow’s management team and played a key role in the reorganization of the company in the face of an industry downturn in 2001 and the successful implementation of a growth strategy that ultimately drove the company’s stock price from less than $8.00 per share in 2003 to the $49.51 that CB Richard Ellis paid in its $1.9 billion buyout from Trammell Crow in late 2006.
“Derek McClain brings a wealth of experience and expertise in securities and corporate law and corporate finance that will add a valuable dimension to the Mutual of Omaha board of directors,” Neary said. “We will rely on his perspective, as well as that of our other distinguished board members, as we work to achieve our strategic vision in an increasingly competitive and highly regulated environment.”
McClain joined Trammell Crow in February 1998 as its General Counsel. In 2000 he was named Chief Financial Officer, a position he held until the CB Richard Ellis transaction closed in December 2006. Prior to joining Trammell Crow, McClain was a partner in the Houston-based law firm of Vinson & Elkins LLP.
He received his Bachelor of Science degree in Business Administration from the University of Kansas in 1977, and earned his Master of Business Administration and Juris Doctor degrees in 1981 from the University of California-Berkeley.
Mutual of Omaha is a full-service, multi-line organization providing insurance and financial products for individuals, businesses and groups throughout the United States. For more information about Mutual of Omaha, visit www.mutualofomaha.com.
