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Gatto and Schifter Join Board of Overseers  

Penn President Amy Gutmann meets with the Law School Board of Overseers to share her vision for the University.

JOSEPH GATTO L’84, WG’84 is chairman of Consumer Products Banking at Goldman, Sachs & Co.

In recent years, Gatto has advised on many significant industry transactions including Unilever’s acquisition of Bestfoods, the merger of RJ Reynolds and Brown & Williamson, Seagram’s sale of Tropicana to Pepsi, Cadbury’s acquisition of Dr. Pepper/7-Up, the sale of Dial Corporation to Henkel, Kellog’s acquisition of Keebler and the sale of Chef America to Nestle.

Elected general partner at Goldman Sachs in 1994, Gatto was founding member of the company’s Corporate Reorganizations and Workout Group, and was appointed head in 1991 of the Strategic Development Group, advising clients in health care, technology, packaging, forest and consumer products. He has served as chairman of Global Consumer Products Banking since 2003.

Gatto received a bachelor of arts degree from the Woodrow Wilson School at Princeton University and holds an MBA from the Wharton School. At Penn Law, he was editor-in-chief of the Journal of Corporate Law and Securities Regulation.

He is a member of the board of trustees of the Brunswick School in Greenwich, Connecticut, a member of the Board of Overseers at the University of Pennsylvania Law School and serves on a number of advisory boards including the Woodrow Wilson School at Princeton, the Institute for Law and Economics at Penn, the Wharton Directors’ Institute and the University of Pennsylvania Journal of International Economic Law. He is a frequent lecturer and instructor on mergers and acquisitions and corporate finance. In addition, he is an elder at the First Presbyterian Church of Greenwich.

RICHARD P. SCHIFTER L’78 is a partner at Texas Pacific Group, a private equity investment firm known for reviving troubled companies. He has been with Texas Pacific since 1994.

Previously, Schifter was a partner at Arnold & Porter in Washington, D.C., where he specialized in bankruptcy and creditors’ rights. He joined the law firm in 1979 and was a partner from 1986 to 1994. After graduating from Penn Law, Schifter was a law clerk to Judge Max Rosenn of the U.S. Court of Appeals, 3rd Circuit.

Schifter serves on the boards of America West Holdings, Inc.; Grupo Milano, S.A.; Bristol Group; Productora de Papel; S.A. de C.V. (Propasa); Empresas Chocolates La Corona, S.A. de C.V. (La Corona); Gate Gourmet; and Endurance Specialty Holdings, and is also a member of the board of directors of the Washington chapter of the American Jewish Committee; YouthINC. (Improving Nonprofits for Children); and the Ecoenterprise Fund of the Nature Conservancy. He is married to Jennifer Doar Schifter and has four daughters.