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Jeffrey RichCEO
Rich Capital
Prior to forming PlumTree Partners, Mr. Rich served as Chief Executive Officer of ACS, a Fortune 500 Company and leading provider of business process outsourcing and information technology services, from 1999 to 2005.
Under his direction ACS grew from $300 million in annual revenues to over $5.3 billion. He oversaw more than 70 acquisitions with an aggregate purchase price in excess of $3 billion, and over ten divestitures which raised over $1 billion of aggregate cash proceeds. Under Mr. Rich’s leadership, ACS delivered a 25%+ compound annual return to public shareholders over 11 years and was named to the Forbes Platinum 400 – America’s Best Big Companies for seven consecutive years.
Mr. Rich joined ACS in 1989 as Chief Financial Officer and was instrumental in the company’s public offering in 1994. In 1995 he was named President and Chief Operating Officer, and implemented a strategic shift away from bank processing to business process outsourcing. In February 1999 he was named CEO and grew the company from $800 million in revenue to more than $5 billion in six years.
Prior to joining ACS in 1989, Mr. Rich was a Vice President in the Leverage Capital Group of Citibank New York. At Citibank he financed several LBOs including all acquisitions of Snyder General, Paramount's hostile raid on the Time/ Warner merger, among others.
Mr. Rich currently serves on the JP Morgan Dallas Advisory Board, is an Executive Board Member of the Dallas Symphony Orchestra, a Director of the Education Is Freedom Foundation and also serves on the Visiting Committee of the Ross School of Business at the University of Michigan. He previously served as a Director of ACS from 1991 to 2005, Pegasus Solutions, Inc. and the United States Chamber of Commerce. Mr. Rich is also a member of the World President’s Organization and a previous member of the Young President’s Organization.
Mr. Rich received a B.B.A. (Beta Gamma Sigma with honors) from the University of Michigan Business School in 1982.
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