Mary Schmid Daugherty

Board Member, Crescent Electric Supply Company and Associate Professor, University of St. Thomas

Mary Schmid Daugherty CFA, PhD, is an Associate Professor of Finance at the University of St. Thomas.

Mary is a third generation owner of Crescent Electric Supply Company, an electrical distribution company founded in 1919. Mary is past chair of the Family Council and currently serves on the Board of Directors as one of three family members on the nine person board.

She is actively involved in teaching, research and consulting. Mary teaches courses at the undergraduate, graduate and executive level in Corporate Finance, Investments and Family Business. She also is the faculty director for the Aristotle Fund, a student managed portfolio which directly manages $5 million of the University of St. Thomas endowment.

Mary's research and consulting interests focus on the impact of board and family governance on valuation. Mary is a frequent speaker on a variety of business valuation topics and consults with private family businesses on valuation, governance and succession issues. She recently coauthored the book, "Family Business, 4th Edition" with Ernesto Poza. This book is the most widely adopted college textbook on the subject of managing the family business.

Mary has held a variety of leadership positions in the Chartered Financial Analyst Society of Minnesota, including Education chair, Ethics chair and President. Mary currently serves on the board of three for-profit companies: Mairs & Power Funds Inc. (Chair of the Audit Committee), Crescent Electric Supply Company (Chair of the Governance Committee) and Simplex Construction. She also serves on the non-profit board of the Minnesota Chapter of the National Association of Corporate Directors.