David J. Grain
David J. Grain | |
|---|---|
| Born | May 31, 1962 |
| Nationality | American |
| Education | College of the Holy Cross (BA) Tuck School of Business (Dartmouth College) (MBA) |
| Occupation(s) | Entrepreneur, businessman, investor |
| Title | Chief Executive Officer and Managing Director of Grain Management LLC |
| Spouse | Lisa Grain |
| Parent(s) | Dora and Walter Grain |
| Awards | American Academy of Arts and Sciences (2022) |
David J. Grain (born May 31, 1962) is an American entrepreneur, businessman, and investor. He is the current Chief Executive Officer and Managing Director of the global investments firm Grain Management LLC, which he founded in 2007 and is headquartered in Sarasota, Florida.[1][2] His firm invests exclusively in the telecommunications sector, primarily dealing with wireless systems for state and federal governments, using what the firm refers to as "algorithmic, computational investment analysis" to inform its investment decisions.[3][4][5]
Early life and education[edit]
Grain was born in Brooklyn to Dora and Walter Grain.[6] He graduated from College of the Holy Cross in the City of Worcester, Massachusetts with a Bachelor of Arts in English in the 1984.[7][4] Grain later attended and graduated with a Masters of Business Administration from Tuck School of Business from Dartmouth College in 1989.[7][4]
Career[edit]
Grain began his career at Drexel Burnham Lambert in 1989, where he worked for a year before being recruited by Morgan Stanley.[8] He became principal after two years with the company, and continued his work there until moving on to AT&T in 2000. He served as the New England region's Senior Vice President until 2003, and then as President of Pinnacle Holdings, Inc. until 2005, while simultaneously serving as director of Newcastle Investment Corporation.[9] During his short tenure at Pinnacle Holdings, he was able to rescue the company from bankruptcy and grew its portfolio from 2,000 sites to over 11,000.[1]
Grain serves on multiple boards of directors and councils, including Dell Technologies and New Fortress Energy.[4][10] Grain is on the board of Martha Vineyard museum and the advisory council for the National Museum of African American History and Culture.[6][10] Grain is also known for his political support of the Democratic Party. He contributed a minimum of $200,000 to $500,000 in the 2008 elections.[11] His political activity led to President Obama appointing him to the National Infrastructure Advisory Council as the chair of the Critical Infrastructure Security and Resilience National R&D Plan.[3][12]
Grain also serves as the current Lead Independent Director at the Southern Company.[2][13]
His tenure on the Board of Trustees at Dartmouth College begins July 1, 2024.[14]
Personal life[edit]
Grain is married to Lisa Grain.[8][7] She is an orthodontist with a D.D.S. from Howard University College of Dentistry and an M.S. in orthodontics from Ohio State University.[7] They have been married for more than 30 years.
Together, the Grains have devoted much of their personal time to public service, founding the Grain Fellows Program which assists low-income families by providing funding for SAT and college preparation. They also adopted the high school Booker High in Sarasota, to which they provide support to a mentorship program, along with supporting the school's college programs.[7]
Achievements[edit]
Grain has been recognized as one of the "Top 40 leaders under 40" in Boston by the Boston Business Journals. He was also given the "Ten Outstanding Young Leaders Award" by Boston Jaycees.[6] Grain was elected to the American Academy of Arts and Sciences in 2022.[4]
Grain and his wife were recognized in by the National Urban Technology Center in 2018 at the center's annual award's gala, where they received the Corporate Leadership Award for their philanthropic efforts within their community.[7]
References[edit]
- ^ a b Kipling, Kay (2011-12-31). "Star Techie". Sarasota Magazine. 34 (3): 45.
- ^ a b Watkins, Donald V. (2023-03-26). "David J. Grain: Getting Rich From His Southern Company Platform". donaldwatkins. Retrieved 2024-05-09.
- ^ a b Hughes, Alan (2011-11-07). "75 Most Powerful Blacks on Wall St". Black Enterprise. 42 (3): 82.
- ^ a b c d e "Mr. David J. Grain". American Academy of Art & Sciences. March 2024.
- ^ Scola, Nancy (2023-09-01). "Tech Titans 2023". Washingtonian Magazine. 58 (12): 72.
- ^ a b c Richardson, Julieanna L. (August 17, 2017). "David Grain". The History Makers - The Digital Repository for the Black Experience. Retrieved March 16, 2024.
- ^ a b c d e f Brown, Matthew (2018-07-04). "National Urban Technology Center holds award gala". The New York Amsterdam News. p. 30.
- ^ a b Sylvain, Adam. "Walk of Faith: Meet Grain Management Founder David Grain T'89". Tuck School of Business | Alumni Stories. Retrieved 2024-05-13.
- ^ "Biography David J. Grain". New Fortress Energy. Retrieved 2024-05-08.
- ^ a b "David Grain - Director at Dell Technologies". THE ORG. Retrieved 2024-05-09.
- ^ Hielscher, John. "New David Grain fund aims to raise $500 million". Sarasota Herald-Tribune. Retrieved 2024-04-03.
- ^ "President Obama Announces More Key Administration Posts". whitehouse.gov. 2011-07-11. Retrieved 2024-04-04.
- ^ "David Grain joins Southern Co. board". The Business Journals. Retrieved 2024-05-09.
- ^ "Dartmouth Board of Trustees Elects Three New Members". Dartmouth News. 2024-03-08. Retrieved 2024-05-09.