LPL Elects Tech Exec Allison Mnookin to Board

LPL Financial said Allison H. Mnookin has been elected to its board of directors, bringing the number of women on the board to three out of a total of nine slots.

Mnookin, who teaches at Harvard Business School, has two decades of experience as a technology executive. She most recently served as CEO of online-application software maker QuickBase, which was formerly part of Intuit; before that, she held several posts at Intuit, including as general manager of its small-business division — QuickBooks — and at Oracle.

“I am excited to welcome Allison as a director,” according to LPL Board Chairman James Putnam. “She brings to the board an entrepreneurial mindset and a strong understanding of how businesses have transformed their technology from a utility to a strategic asset.”

Also on LPL’s board is Paulett Eberhart, who has served as president and CEO of CDI Corp., a provider of engineering and information technology outsourcing and professional staffing services; HMS Ventures, which focuses on technology services and real estate; and Invensys Process Systems, a process automation company.

Anne M. Mulcahy, the former chairwoman and CEO of Xerox Corp., is another LPL board member. She also is on the boards of Johnson & Johnson and The Washington Post.

“It is an honor to be elected,” said Mnookin, in a statement. “I look forward to working with the board and management as LPL evolves the digital experience of its advisors and their clients.”

LPL works with some 16,100 affiliated advisors and some $648 billion of client assets.

— Check out United Capital Taps New Chief Investment Officer on ThinkAdvisor.