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Steven E. Karol

Managing Partner and Founder

Steven Karol (sekarol@watermill.com) is the Managing Partner and Founder of Watermill Group. He has over 35 years of experience leading the turnaround, strategy development and acquisition activity for portfolio and client companies. Additionally, Mr. Karol is Chairman of the Board and CEO of HMK Enterprises, Inc., a privately held investment company.

Mr. Karol is currently a member of the Board of Directors for Carpenter Technology Corporation (NYSE: CRS) and a member of the Board of Advisors for J. Walter Company. He has also served as Chairman of the Board of Mooney Aircraft Company, Director and Chairman of the Audit Committee of StockerYale, and as a Director of Jeepers! Inc., Intelligent Energy Limited and Inter-Tel Corp.

Mr. Karol is also strongly involved in a variety of non-profit organizations. He is currently a member of World President’s Organization (WPO) and has served as a member of the leadership team for the Young President’s Organization (YPO). While with YPO, Mr. Karol served on the International Board of Directors (1991- 2001), Chairman of Strategic Planning (1993 – 1996), and as International President (1999 to 2001). He is Chairman of the Board of Advisors for the School of Engineering of Tufts University and is a recipient of the 2009 Tufts Distinguished Service Award. He is Past Chairman of Board of Trustees of Vermont Academy where he served as Chairman from 2004 to 2012 and was awarded the prestigious Condict Cup in May of 2012. He is Director Emeritus of the Brain Tumor Society and as Director he led the original strategy development process at its beginning. In addition, Mr. Karol is a co-founder and President of the Herbert M. Karol Cancer Foundation. He formerly served as a member of the Board of Overseers of the Boston Symphony Orchestra and as a Trustee and member of the Executive Committee of the Boston Ballet.

Mr. Karol received his B.S. from Tufts University, and he is a graduate of the Presidents’ Program on Leadership (PPL) at Harvard Business School. Mr. Karol is married with three children and is an avid pilot, cyclist, sailor, athlete, reader and wine collector.