Board of Directors
Robert M. Zak
Director and Chair of the Board
Mr. Zak became a Director of Rand in 2005 and was appointed Chair of the Board in December 2021. Mr. Zak is the non-executive Chair of the Board of Merchants Mutual Insurance Company. He joined Merchants in 1985 after a career in public accounting and held the position of Senior Vice President and Chief Financial Officer. From 1995 to 2021, Mr. Zak was Merchant’s President and Chief Executive Officer. Mr. Zak served as a director of Manning & Napier, Inc. from 2011 until 2016.
Erland E. Kailbourne
Mr. Kailbourne became a Director of Rand in 1999 and served as Chairman of the Board until December 2021. Mr. Kailbourne was named Chairman of the Board of Albany International, Inc. (NYSE: AIN) in January 2020 and has been a Director of Albany International since 1999 and also served as its Chairman of the Board from May 2008 until February 2019. From January 2006 until May 2010, he served as Chairman of Financial Institutions, Inc. (Nasdaq: FISI) and its subsidiary, Five Star Bank. In 1998, he retired as Chairman and Chief Executive Officer (New York Region) of Fleet National Bank, a banking subsidiary of Fleet Financial Group, Inc., a position he held since 1993.
Adam S. Gusky
Mr. Gusky has been the Chief Investment Officer of East Asset Management, LLC (East) since its inception in 2010 and has served as the Chief Investment Officer for East Resources Acquisition Company, a special purpose acquisition company, since its incorporation in May 2020. In addition, Mr. Gusky served on the investment committee of Rand Capital Management, LLC, which is the external investment adviser for the Corporation and responsible for all aspects of the Corporation’s investment process, from November 2019 until March 2023. Prior to joining East, Mr. Gusky worked for CNN/Sports Illustrated and o2 Wireless Solutions. Mr. Gusky earned both his Master of Business Administration (class of 2006) and his Bachelor of Arts degrees from Duke University (class of 1997).
Benjamin E. Godley
Mr. Godley is a marketing consultant with more than 30 years of management, investment and start-up experience across a range of industries. Mr. Godley currently serves as the Chief Executive Officer of Point B Partners, which is a public relations and marketing services firm. From June 2020 through February 2022, he was President and Partner at Greenough Communications, a public relations and marketing services firm. Prior to that, from October 2018 through May 2020, he was the co-founder and CEO of Contributor Development Partnership (“CDP”), a for-profit corporation focused on improving the operational efficiency and revenue generation capacity of the public media system. Prior to becoming CEO of CDP, Mr. Godley was COO of WGBH (a media broadcaster and the largest producer of PBS content with annual revenue of $250 million). Mr. Godley joined WGBH in 2008 as Executive Vice President, was named Chief Operating Officer in 2010, and was additionally named President of Business Services in 2017. Prior to joining WGBH, Mr. Godley served as Senior Advisor/Deputy National Finance Director on Mitt Romney’s 2008 presidential campaign, and was a member of Governor Romney’s senior staff as Director of Governmental Affairs for the Commonwealth. Earlier in his career, Mr. Godley co-founded and was President and CEO of CGN Marketing & Creative Services (acquired by Epsilon) and also held marketing and management roles at Hill & Knowlton Public Relations and IBM.
Ms. Jaroslawsky is the founder and President of Compliance Right, LLC, a board and executive consulting service provider. Prior thereto, Ms. Jaroslawsky served as Senior Vice President and General Manager of Eaton Mission Systems, which is an aerospace and defense company owned as part of Eaton Aerospace, from January 2019 until her retirement in December 2022, and as Senior Vice President of Finance from 2016 to 2019. Prior to her position with Eaton Mission Systems, Ms. Jaroslawsky served as the Chief Financial Officer and Treasurer of Servotronics, Inc. from 2005 until 2016. Ms. Jaroslawsky is a Certified Public Accountant and began her career as an accountant with PricewaterhouseCoopers.