Britton | Butkiewicz | Cox | Grosman | Helow | Rowland | Shaheen

Ronald M. Butkiewicz

Mr. Butkiewicz is Managing Partner of NxtStar Ventures, LLC. As his entire career has been spent in life insurance and retail financial services, he brings expertise to all aspects of product manufacturing, marketing and operations. His interest is at both the strategic and the execution levels.

Mr. Butkiewicz was CEO of ILona Financial Group, Inc. (formerly Irish Life of North America), which was the holding company for the U.S. operations of Irish Life & Permanent. He joined Irish Life in 1987 to build a U.S. presence for them. As a result of a small acquisition in 1988, the company started with $30 million of assets and $3 million of GAAP revenues. By 1998, assets were in excess of $2.5 billion, GAAP revenues were $325 million and net income was $22 million.

Mr. Butkiewicz began his career as a life insurance accountant and held a number of financial and general management positions. He was Chief Financial Officer of UNICOA, which was the life insurance holding company for Teledyne, Inc. Later, he became a Group Executive for Teledyne and had responsibility for a group of life insurance companies. In 1979, he co-founded First Penn-Pacific Life Insurance Company, which became the second company to market universal life, but the first to be built around the universal life concept. First Penn was sold to Lincoln National Corporation in 1981 and he remained as President and CEO through 1986.

He is also a director of a number of companies and currently serves on the Long-Range Planning Committee of the Society of Actuaries. He is a former Director of Irish Life plc and of the American Council of Life Insurance. Mr. Butkiewicz received his B.A. from Aquinas College, with a major in accounting, and his M.B.A. from the University of Chicago.