Mr. Barefoot’s career in financial services spans more than 30 years. At PaineWebber Inc., he served as Executive Vice President and Director of Investment Banking, was a member of its Board of Directors and President of its subsidiary, PaineWebber International. Mr. Barefoot spent 25 years at Merrill Lynch & Co., retiring as Senior Vice President and Managing Director. He later founded Frontier Sports Development Corp., where he served as Founder, President and CEO until its sale. Subsequently, Mr. Barefoot served in various capacities, including Chairman of the Board, President and CEO, at NeoVision Hypersystems, Inc.
Mr. Barefoot served as president of Babson College, one of the nation’s leading management schools, from July 1, 2001 until he retired on June 30, 2008, at which time he was elected President Emeritus. Mr. Barefoot had joined the governing board of Babson College in 1985 and served in many capacities, including Chair of the Investment Committee, Chair of the Development and Alumni Relations Committee, Chair of the Executive Committee. From 1996 – 2001, he served as Chair of the school’s Board of Trustees and, from 1992-1997, he was co-chair of Babson’s capital campaign, raising a record $122 million. He continues to serve Babson as a member of its Global Advisory Board and Chair of the President’s Advisory Council.
Mr. Barefoot is a past member of the Board of Directors of Blue Cross Blue Shield of Massachusetts and was Chair of both its Audit Committee and its Finance and Business Performance Committee. He continues as a member of the Investment Committee. He also served as a director of Greeley Corp. and Array Health Solutions. In addition, he was a director and Chair of the Audit Committee and a member of the Compensation and Governance Committees of Cynosure, Inc., before it was sold in 2017.
He is presently a director of BigBelly Solar in Newton, MA and also serves as a Trustee of Burr & Burton Academy in Manchester, VT. He is also a Vice Chairman of the Indian River Medical Center Foundation in Vero Beach, FL and served as Mayor of Indian River Shores, FL until his retirement in 2018.
Mr. Barefoot received a BS from Babson College, earned an MBA from Pace University’s Lubin School of Business, and has attended a number of Harvard Business School Executive Education Programs. In 1994, he received the Cruickshank Alumni Leadership Award, the distinguished alumni service award for his many contributions to Babson College. In 1998, he received the prestigious Ellis Island Medal of Honor from the Ellis Island Honor Society for his contributions to the business and educational communities.