THE AARP SERVICES BOARD OF DIRECTORS: 2010
Darlene DeRemer (Board Chair)
Darlene DeRemer joined Donald H. Putnam
in 2005 in founding Grail Partners LLC, an
advisory merchant bank serving the investment management industry. She has led or
participated in a score of advisory transactions. Prior to becoming an investment banker
at Putnam Lovell NBF in 2003, Ms. DeRemer
was a leading advisor to the financial services
industry for 25 years, specializing in strategic
marketing, planning, product design and
the implementation of innovative service
strategies. She has participated in numerous
fund company asset management restructuring transactions. She has also served as
a vice president at State Street Bank & Trust
Company and T. Rowe Price & Associates.
Timothy Armour
Tim Armour retired as managing director of
Morningstar, Inc., in 2008, having served in
that capacity since 2000. He was Morningstar’s
president from 1999 to 2000 and its chief operating officer from 1998 to 1999. He has served
as a member of Janus Capital Group’s Board of
Directors since 2008 and served as its interim
CEO from 2009-2010 while the firm conducted
a CEO search. From 1992 to 1998, he served
as president of Stein Roe & Farnham’s mutual
fund division. Prior to that, he was senior
vice president and director of marketing in
Citibank’s retail bank division. Mr. Armour
began his career in 1975 with General Foods
Corporation, where he spent 12 years in
product management and planning.
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Gary E. Knell (Board Vice-Chair)
Gary Knell is president and chief executive
officer (CEO) of Sesame Workshop, a nonprofit
educational organization which creates innovative, engaging content that maximizes the
power of media to help children reach their
highest potential. He has been instrumental in
focusing the organization on Sesame Street’s
global mission, including groundbreaking
co-productions in South Africa, India,
Northern Ireland and Egypt. He also helped
found PBS Kids Sprout, a 24-hour domestic
cable channel in the U.S. Previously, Mr. Knell
was managing director of Manager Media
International, a print and multimedia publishing company. He has also served as senior
vice president and general counsel at WNET/
Channel 13 in New York, and as counsel to
the U.S. Senate Judiciary and Governmental
Affairs Committees.
Martha Dally
Martha Dally served the Sara Lee Corporation
for 30 years in positions of increasing responsibility. When she retired in 2006, she was
senior vice president of customer development. She also served as chief customer
officer; senior vice president of business
development; vice president of the Target
Corporation Customer Team; and executive
vice president of personal products. During
her tenure, Sara Lee adopted a number of
innovative operations and processes, and
became one of the top suppliers to Wal-Mart.
Ms. Dally’s governance experience includes
15 years of service on the board of American
Woodmark Corporation, the advisory board
of Chicago-based Prism Capital and with
numerous nonprofit organizations.
