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Larned and Lieber Join WCAS

F. Stephen Larned and Daniel Lieber have joined Welsh, Carson, Anderson & Stowe as senior operating executives. Larned most recently served as chief marketing and strategy officer for DigitalGlobe Inc., while Lieber was chief operating officer for Union Site Management.



Welsh, Carson, Anderson & Stowe (the “Firm”), the largest private equity investor in information/business services and healthcare, today announced that it has named F. Stephen (Steve) Larned and Daniel (Dan) Lieber, as Senior Operating Executives. Larned served most recently as Chief Marketing and Strategy Officer at DigitalGlobe, Inc. Lieber joins the Firm from his recent position as Chief Operating Officer at Unison Site Management.

Larned and Lieber will be members of the WCAS Resources Group, which is currently comprised of 13 Senior Operating Executives who utilize their industry expertise and relationships to assist in deal sourcing, due diligence and implementation of operational initiatives within the Firm's portfolio companies. Over the last several years, Welsh, Carson, Anderson & Stowe has significantly built out its team of Senior Operating Executives to enhance its operational focus.

“Welsh, Carson, Anderson & Stowe takes an active role in growing our portfolio companies through a strong focus on operational improvements,” said Tony de Nicola, Co-President of the Firm. “Steve and Dan are valuable additions to our deep bench of Senior Operating Executives. Both have significant operating experience in leading organizations. We look forward to their contributions as we continue to add value to our portfolio companies and produce superior returns for our investors.”

Larned commented, “I am excited to be joining such a well-regarded firm and look forward to working with the talented investment teams to fully maximize value for Welsh, Carson, Anderson & Stowe's investors.”

Lieber added, “I am pleased to contribute my operational expertise to assist the Firm's portfolio companies realize their growth potential and pursue significant opportunities.”

Larned, Jr. is joining Welsh, Carson, Anderson & Stowe from DigitalGlobe, Inc., a leading global provider of high resolution satellite and aerial imagery, where he served as Chief Marketing and Strategy Officer.


Larned previously worked at Dell, Inc. in a variety of positions including, Vice President, Servers and Storage, Dell Americas and Vice President, Marketing, Dell Americas where he significantly increased revenue growth and enhanced operating performance. He also led equity value enhancement projects for Industrial and Consumer clients while a Manager and Consultant at Bain & Company for twelve years. Larned holds an A.B. from Duke University and an M.B.A from Harvard Business School.

Dan Lieber previously held the position of Chief Operating Officer at Unison Site Management, a specialty investment company that purchases and manages wireless lease rights. From 1998 to 2005, Lieber served as an Operating Principal at Capital Z Financial Services Fund, where he was responsible for overall portfolio management and served on the board of several public and private companies. Lieber previously held leadership positions at AT&T Capital, GE Capital Services, Bankers Trust, Bain & Company and Price Waterhouse. Lieber holds a B.S. and M.B.A. from The Wharton School of the University of Pennsylvania.

About Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe is one of the largest and most successful private equity investment firms in the United States. Since its founding in 1979, the Firm has organized 14 limited partnerships with total capital of $16 billion. Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries: information/business services and healthcare. The Firm is currently investing Welsh, Carson, Anderson & Stowe X, L.P. (“WCAS X”), a $3.4 billion equity fund, and WCAS Capital Partners IV, L.P., a $1.3 billion dedicated subordinated debt fund.


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