Clarence Armbrister Biography and Net Worth

Clarence D. "Clay" Armbrister has served as one of our independent directors since March 1, 2021. Mr. Armbrister has served as President of Johnson C. Smith University since January 1, 2018. Previously, Mr. Armbrister served as President of Girard College from 2012 to 2017. Mr. Armbrister has served as Chair of the Audit Committee and a member of the Compensation Committee of Health Partners Plans Inc. since 2016. From 2008 to 2011, Mr. Armbrister served as Chief of Staff to the former Mayor of Philadelphia, Michael A. Nutter. Mr. Armbrister also served as Senior Vice President for Administration and subsequently Executive Vice President and Chief Operating Officer of Temple University from 2003 to 2007. Prior to that, Mr. Armbrister served as Vice President and Director in the Municipal Securities Group and in other positions at PaineWebber & Co. (subsequently UBS PaineWebber Incorporated) from 1999 to 2003 and also served as an Adjunct Faculty Member of the Beasley School of Law at Temple University from 1997 to 1998. From 1996 to 1998, Mr. Armbrister served as Managing Director of the Philadelphia School District and prior to that, in 1994, he was appointed Philadelphia City Treasurer. From 1982 to 1994, Mr. Armbrister was an associate and then Partner at Saul, Ewing, Remick & Saul (currently known as Saul Ewing Arnstein & Lehr LLP). Mr. Armbrister also serves on the boards of various organizations, including the Board of Directors for Health Partners Plan, the Board of Trustees of Devereux Advanced Behavioral Health and the Board of Charlotte Regional Business Alliance. Mr. Armbrister is also a former member of the Board of Directors of the National Adoption Center and the Community College of Philadelphia’s Board of Trustees. Mr. Armbrister received a Bachelor of Arts degree in Political Science and Economics from the University of Pennsylvania in 1979 and a Juris Doctor degree from the University of Michigan Law School in 1982.