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Board of Directors

The CBIS Board of Directors consists of men and women whose combined experience, dedication and vision ensure that CBIS' strategic planning and program implementation effectively serve the complete investment management needs of Catholic ministries.

 Brother Michael W. O'Hern, FSC
 Christian Brothers Investment Services, Inc

 Kathleen M. Almaney
 Almaney Consulting, Inc.

 Kathleen M. Flanagan
 Leadership Communication, Inc

 Brother Timothy Froehlich, FSC
Brothers of the Christian Schools, District of Eastern North America

 Brother Francisco Lopez Gil
 Fratelli Delle Scuole Cristiane

 Ms. Pamela S. Gleeson
 De La Salle Institute

 Ms. Nola Kulig, CFA
Kulig Consulting

 Mr. Sergio Masvidal
 Kamaway Capital Partners, LLC

 Mr. William R. Rybak

 Brother Joseph Saurbier, FSC
 Midwest Provincial Office, Midwest District

 Brother Peter Tripp, FSC
 Saint Paul's School


CBIS Board of Directors' Mission

The Board of Directors was established to guide the incorporation of Catholic ethics and values into each of the investment programs that CBIS offers to Catholic organizations.

The Board's leadership and firm commitment to faith-based investing has greatly contributed to the strong performance of Christian Brothers Investment Services, Inc.

Michael W. O'Hern

Michael W. O'Hern, FSC

Since joining CBIS in 1987 as Executive Vice President, Brother Michael O’Hern has significantly contributed to its growth and success. As President and CEO, he is responsible for the mission of CBIS, its services and organizational development. Throughout his years at CBIS, Brother Michael’s leadership skills, his strategic insights and vision have enhanced CBIS’ effectiveness and greatly contributed to our success as a unique provider of superior, socially responsible investment programs to the Catholic institutional market. His experience as a school system administrator in the Archdiocese of Chicago provided him with an understanding of the investment needs and unique challenges facing Catholic religious organizations. Brother Michael graduated from Lewis University with a B.A. in 1969. He also holds an M.B.A. from the University of Chicago, an M.A. in Administration from Northwestern University and an M.A. in History from Michigan State University. His FINRA registrations include series 7, 24, 63, and 65.

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Kathleen M. Almaney

Kathleen M. Almaney

Kathy Almaney has served as a member of the CBIS Board of Directors since February, 2004. She is the founder and president of Almaney Consulting, a provider of human resources and general management consulting services to corporate and not-for-profit clients. Prior to founding Almaney Consulting in 2002, Ms. Almaney worked at Northern Trust Company in Chicago for almost 23 years, most recently as a Senior Vice President of Human Resources. She was a manager for over 20 of her 23 years with Northern Trust, and her experience covered recruiting, employee relations, training, EEO, diversity, compensation and management consulting. Before joining Northern Trust, she was a teacher and a Director of Religious Education at several Catholic schools and parishes. Ms. Almaney holds a B.A. from Siena Heights College (now University) in Adrian, Michigan, and a Masters in Religious Education from Loyola University, Chicago. Ms. Almaney also serves as a director for Christian Brothers Services, a Trustee and Chairperson for the Camilla Madden Charitable Trust (of the Adrian Dominicans) and is on the Board of Catholic Charities of Chicago and Chair of its Benefits/HR Committee.

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Kathleen M. Flanagan

Kathleen M. Flanagan

Kathleen Flanagan brings more than two decades of experience to the CBIS board, which she joined in 2008. Currently, as President of Leadership Communication Inc., she is an executive consultant in leadership communication, specializing in shared leadership and decision making. She helps corporate executives, leadership teams and boards produce change, set direction, generate good decisions, inspire action and achieve success through communication and interaction. As Senior Vice President of Nuveen Investments, she was responsible for marketing communications for new product campaigns that raised $25 billion in assets in closed-end funds. Later, she was responsible for fund board development, managing relationships with the outside directors who annually approved the contracts that generated a substantial portion of Nuveen's revenue. In this capacity, she developed board presentations and strategic reviews for the family of Nuveen funds. She had significant responsibility for managing the operational and financial reviews required to meet SEC and fund governance requirements. Ms. Flanagan received her Bachelor of Science degree in Humanities magna cum laude from Loyola University and her Master of Business Administration from the University of Chicago. She later attended the Harvard Business School's Advanced Management Program and did additional studies at the Loyola Center for Organization Development. She is currently working on a book about the post-Vatican II renewal of Catholic sisters, focusing on the School Sisters of St. Francis who taught at Madonna High School (Aurora, Illinois) in 1965.

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Brother Timothy Froehlich, FSC

Brother Timothy Froehlich, FSC

Brother Timothy Froehlich has served on the CBIS Board of Directors since February of 1996. A member of the Brothers of the Christian Schools since 1982, Brother Timothy is director of finance for the District of Eastern North America, a position he has held since 2009.  From 1994 to 2009 he served as Director of Finance for the District of Baltimore. From 1991 to 1994 he worked as an investment consultant for Christian Brothers Investment Services, Inc. He has served on investment and finance committees for a number of Lasallian apostolates, and currently serves on the board of the Christian Brothers Services. He is a member of the District of Eastern North America District Council, Finance Committee and Investment Committee.  Brother Froehlich is a 1978 graduate of Duquesne University, Pittsburgh, where he obtained an undergraduate degree in business administration with a major in management and a minor in sociology. He also obtained a master’s degree in theology from La Salle University, Philadelphia, in 1990, and a teaching certificate in accounting from St. Joseph's University, Philadelphia.

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 Ms. Pamela S. Gleeson

Ms. Pamela S. Gleeson

Pamela Gleeson joined the CBIS Board in 2013. She is the Chief Financial Officer of the De La Salle Institute, the San Francisco District office for the Brothers of the Christian Schools, a position she has held since September 2012. Prior to joining DLSI Pamela was the Chief Financial Officer for Santen Incorporated, the U.S. headquarters for a Japanese-owned ophthalmic pharmaceutical company for which she worked fifteen years. Pamela also serves on the boards of the Napa Chamber of Commerce, Leadership Napa Valley and Trellis Napa Valley. She holds a BS in Business Administration from the University of California, Berkeley and is a California CPA (inactive). Pamela lives in Napa, California with her husband and two sons.

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Ms. Nola Kulig, CFA

Ms. Nola Kulig, CFA

Nola Kulig joined the CBIS board in 2009 after serving on CBIS’ investment committee since 2006. She is the founder of Kulig Consulting, LLC, an investment consulting firm to high net worth individuals and family offices.  Prior to founding Kulig Consulting in 2008, Ms. Kulig was part of the senior management of Blue Heron Consulting, LLC, a management consulting firm to investment management organizations.  There, she advised chief investment officers on organizational effectiveness, investment process issues, industry positioning strategies and maximization of investment performance. With her partner there, she consulted on roughly $1 trillion in assets. Before joining Blue Heron in 2000, she was part of the senior management of Russell Investment Group, then the country’s leading pension consulting firm and manager of more than $100 billion in investment funds.  Ms. Kulig served most recently at Russell as portfolio manager with direct responsibility for $3 billion of assets under management. Early in her career, Ms. Kulig served as a bank examiner for the U.S. Treasury Department, working in both commercial and trust bank regulation. 

Ms. Kulig has a B.A. in economics from Whitman College in Walla Walla, WA where she graduated cum laude and Phi Beta Kappa. She completed various training courses in banking law while at the Comptroller of the Currency. After moving to the investment industry, she completed her Chartered Financial Analyst designation and recently was recognized by the CFA Institute for her work in continuing education. Ms. Kulig has also completed Kellogg University’s Women’s Director Development program.  Ms. Kulig has served on the Board of Overseers for Whitman College, a private liberal arts college in the Pacific Northwest since 1999. She is a member of the CFA Institute and the Hartford, CT Society of Financial Analysts.

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Mr. William R. Rybak

Mr. William R. Rybak

William R. Rybak has served on the CBIS Board of Directors since February, 2010. Mr. Rybak retired from VanKampen Investments, Inc. in 2000, where he served as executive vice president and chief financial officer since 1986. Previously, Mr. Rybak was a partner with the accounting firm of KPMG LLP (formerly Peat, Marwick, Mitchell & Co.) since 1982. Mr. Rybak is currently a member of the board of directors of Howe Barnes Investments, Inc., an investment services firm located in Chicago, the Calamos Mutual Funds and PrivateBancorp, Inc. Mr. Rybak previously served as a director of Alliance Bancorp, Inc. and its predecessor, Hinsdale Financial Corp., from 1986 until 2001.

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Brother Joseph Saurbier, FSC

Brother Joseph Saurbier, FSC, is the Treasurer and Director of Administration and Operations for Christian Brothers of the Midwest, and has served on the CBIS Board of Directors since 1990. Brother Joseph has also served as an assistant provincial and director of education. He was the principal of De La Salle Institute in Chicago from 1984-1990. Brother Joseph is the Chairman of the Board of Christian Brothers Services and sits on the boards of Christian Brothers College High School in St. Louis, MO, and Saint Joseph High School in Westchester, IL. He also serves on the International Economic Council at the order’s headquarters in Rome. Brother Joseph received an undergraduate degree in accounting from Lewis College, his MBA from Lewis University, a master’s in educational administration from De Paul University and a certificate in business administration from the University of Illinois at Chicago.

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Brother Peter Tripp

Brother Peter Tripp, FSC

Brother Peter Tripp returned for a second term on the CBIS Board of Directors in 2007. As a member of the New Orleans-Santa Fe Province of the De la Salle Christian Brothers, he served in teaching, counseling, educational administrative and financial management positions in schools in Louisiana and New York. In recent years, Brother Tripp has broadened his ministry by serving as a pastoral minister at a youth retreat center in England where he worked on the Senior program team. A student of Mathematics and Philosophy, he received his initial degree from the College of Santa Fe, New Mexico. His Masters degree in Counselor Education comes from studies completed at University of New Orleans. Brother Tripp has been part of the business administration program at Loyola University in New Orleans and augmented his studies at Tulane University and Pace University, focusing on accounting, economics, and investments. His experience on Catholic school boards, charitable trusts, and provincial finance committees, as well as top management posts in school finance and administration, has made him especially familiar with the financial challenges facing religious and educational organizations. Presently, Brother Tripp is engaged in ministry as a school counselor at St. Paul's School in Covington, LA, and is frequently tapped as an adviser to provincial administration on finances.

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