Frederic (Jake) Brace, III
Chairman and CEO of Sangfroid Advisors LLC.
University of Michigan (BSE IOE ‘80)
University of Chicago (MBA Finance ’82)
Frederic F. (Jake) Brace has over 30 years of experience in strategy, finance, restructuring, and transformation for numerous industries including airlines, health care, retail, E&P, electrical production, hospitality, and real estate. He is currently the Chairman and CEO of Sangfroid Advisors. He was formerly the President and CEO of laser Spine Institute and, before that, Midstates Petroleum, a Tulsa-based E&P company with operations in Oklahoma and Texas. Previous to those positions, he was the President of Niko Resources, a Canadian E&P company, overseeing the turnaround and recapitalization process, as well as day-to-day operations. He also led the restructuring and recapitalization of The Great Atlantic and Pacific Tea Co. (A&P grocery stores) as the firm’s Chief Administrative Officer.
Mr. Brace is the retired Chief Financial Officer of UAL Corporation, where he led the company’s Chapter 11 restructuring and recapitalization process, as well the general strategic planning process including the evaluation, design and separation of the Mileage Plus program. Mr. Brace currently sits on the boards of Red Lion Hotels and several other public and private boards. He was previously on the boards various public and private companies including Anixter International, iHeart Media, Sequa, Standard Register, Edison Mission Energy, Bally Total Fitness, Neff Rental, Sirva, Galileo International and Bearing Point among others. Mr. Brace holds an M.B.A. from the University of Chicago Booth School of Business and a B.S. in Industrial Engineering from the University of Michigan.