Board of Directors

David Glazek, Lead Independent Director and Chairman

A director of our company since 2012 and Chairman since 2019, David Glazek brings significant finance and private equity experience to Turning Point Brands. Mr. Glazek is a Partner of Standard General, L.P., where his responsibilities include investment research and analysis and helping companies with operational, transactional, financing, and legal needs. From 2000-2003 and 2006-2008, he was an investment banker at Lazard Freres & Co., where he focused on mergers and acquisitions and corporate restructurings. He has also worked at the Blackstone Group. Mr. Glazek is currently a Director of Turning Point Brands and Standard Diversified Opportunities, and a Manager of Standard Purification Holdings and Donau Carbon USA. Mr. Glazek holds a J.D. from Columbia Law School and a B.A. from the University of Michigan.

Lawrence S. Wexler, President and CEO

Lawrence S. Wexler is President and Chief Executive Officer of Turning Point Brands. During his 13 years with the company, Mr. Wexler served in several executive roles for the company’s operating subsidiaries, including Chief Executive Officer and Chief Operating Officer of National Tobacco Company. He is also a board member of the Tobacco Merchants Association. Prior to joining the company, Mr. Wexler spent five years as a consultant to a number of emerging market, communication and financial companies, advising on marketing, financial and strategic matters. Prior to that experience, he served as Senior Vice President Finance, Planning and Sales for Philip Morris, USA, where he spent 21 years in a number of key leadership roles in Finance, Marketing, and Sales. He holds a B.S. from Yale University and an M.B.A. from Stanford Graduate School of Business.

Gregory H. A. Baxter, Director

Gregory H.A. Baxter brings significant experience to Turning Point Brands in corporate investments, mergers and acquisitions, Mr. Baxter is formerly the chairman of Standard Diversified Opportunities, Inc. A director since 2006, he has worked as an independent finance consultant primarily for middle-market corporations and closely held businesses and has served in various corporate finance leadership positions. As Managing Director at Dias & Altschul Capital Management and member of its Investment Committee through 2005, he brought investment products to prospective clients. For eight years, he directed and advised on cross-border mergers and acquisitions for SG Cowen Securities Corporation and Rothschild Inc., covering a wide range of industries from food, retail, consumer products, transportation, oil and gas and industrial and engineering companies. He was a founding member of SW Capital, an M&A boutique specializing in middle-market transactions for Fortune 500 companies, and served as Vice President at Irving Trust Company, providing corporate finance advice to bank clients. In 2015, he was elected as a director at Special Diversified Opportunities, Inc. Mr. Baxter holds a B.A. from the University of Victoria in Canada and an M.B.A. from the Ivey Business School in London.

H. C. Charles Diao, Director

A director of our company since 2012, H.C. Charles Diao provides experience from serving board directorships and senior management positions. As Vice President of Finance and Corporate Treasurer of DXC.technology (formerly Computer Science Corp.) since 2012, Mr. Diao managed global treasury operations, corporate finance and capital markets, corporate development and M&A, pension plans and risk management. Mr. Diao founded and led the strategic advisory firm Diao & Co., LLC, and was Chief Investment Officer for an affiliate that managed alternative investments for institutional family offices. He served as Senior Managing Director at Bear Stearns and was a member of its Commitment Committee and IPO Committee. A member of the board of directors of Media General Inc. since 2012, Mr. Diao has served as Chairman of its Nominating and Governance Committee and is a member of its Audit and Finance Committee. He holds a B.S.E. from Princeton University’s Engineering School and an M.B.A. from Harvard Business School.

Ashley Davis Frushone, Director

Ms. Davis is a founding partner of West Front Strategies LLC, established in January 2015. West Front Strategies LLC is a government relations firm that services clients in the education, financial services, transportation, tax, technology, international trade, energy, homeland security, healthcare, arts and philanthropy sectors. From 2003 to 2014, Ms. Davis was the Managing Principal at Blank Rome Government Relations, a subsidiary of Blank Rome LLP, a government relations business. Prior to Blank Rome, Ms. Davis worked at The White House as Special Assistant to the Director of Homeland Security and as Deputy Director of Management and Administration from 2001 to 2003. From 1999 to 2000, Ms. Davis served in various roles during the Bush/Cheney presidential campaign. From 1997 to 2000, Ms. Davis was a Senior Associate at Greenlee Partners, a government affairs firm. Ms. Davis holds a Bachelor of Arts from Westminster College, where she also serves on the Board of Trustees, and a Masters of International Business from Esade Business School in Spain, the McDonough School of Business at Georgetown University, and Fundação Getulio Vargas in Brazil.

Peggy Hwan Hebard, Director

Ms. Hebard holds the CFA and CPA designations, and is Senior Advisor to the Executive Office at The Metropolitan Museum of Art, a role she has held since 2007. Before her employment at The Metropolitan Museum of Art, Ms. Hebard was a Director, Corporate Ratings Analyst focusing primarily on gaming companies at Standard & Poor’s from 2002 to 2007. In 2000 and from 2001 to 2002, Ms. Hebard served as an Associate in Investment Banking at Credit Suisse First Boston focusing on retail companies. Ms. Hebard spent two years from 1997 to 1999 as an Associate in the Financial Services Investment Management Practice at PricewaterhouseCoopers Consulting. From 1995 to 1997, Ms. Hebard was employed as a Senior Associate, Business Assurance Financial Services Practice, at Coopers & Lybrand. Ms. Hebard holds a Bachelor of Science from The Wharton School, University of Pennsylvania, a Master of Business Administration – Finance from the Yale School of Management, and Master of Arts in Museum Studies from Johns Hopkins University.

Arnold Zimmerman, Director

Arnold Zimmerman has served in executive leadership and board positions for a number of consumer product companies. A director of our company since 2013, Mr. Zimmerman has been President of Catchers Mitt LLC, a marketing consulting company focused on personal care products, since 2007. For the previous five years, he was the Chairman and CEO of 291 Digital LLC, a graphics imaging and printing company, and was Chairman, President and CEO of AM Products Company from 1999 to 2002. He held a number of senior executive positions during a 25-year career with Revlon-North America. Mr. Zimmerman earned a B.A. from the University of Miami.

Committee Composition

Board Comunications

Stockholders and other interested parties may communicate with the Company’s Board of Directors, including the Lead Independent Director or the independent directors as a group, by sending written communications to the Company’s Corporate Secretary at 5201 Interchange Way, Louisville, Kentucky 40229. Written communications should include the interested party’s name and address and should indicate whether such person is a stockholder of the Company.