Association of Audit Committee Members | Board of Directors
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Board of Directors

Board of Directors

Patrick Gross

Patrick Gross is Chairman of The Lovell Group, a business and technology advisory and investment firm. Through The Lovell Group, he is advising half a dozen private technology and internet commerce firms. Previously, he spent three decades with American Management Systems, Inc. He founded AMS in 1970 with four colleagues from the Office of the Secretary of Defense and built it to a $ 1 billion company with 7,000 professionals throughout North America and Europe. He is currently a director of four public companies: Capital One Financial Corporation, Career Education Corporation, Liquidity Services, Inc., and Mobius Management Systems, Inc. He is also a director of several private companies including Sarnoff Corporation and Development Alternatives, Inc. His other leadership positions include Trustee and Chairman of the Research and Policy Committee of the Committee for Economic Development, Vice Chairman of the Council for Excellence in Government, Chairman of the Intergovernmental Technology Leadership Consortium, and cofounder and past chairman of the World Affairs Council of Washington, D.C. He is and has been a director/trustee/board officer of several educational institutions, hospitals/health care organizations, and economics and public policy organizations. He is a member of the Council on Foreign Relations, the International Institute for Strategic Studies, and the Economic Club of Washington.


Patricia "Trish" Oelrich formerly chaired the Audit Committee of Pepco Holdings, Inc., a F500 utility company before it was sold to Exelon. Currently, she is a member of the Audit Committee and Risk Committee of Federal Home Loan Bank (FHLB) - Office of Finance. The FHLB Office of Finance is the second largest debt issuer in the world. During her career Trish has been Vice President of Global IT Risk Management at GlaxoSmithKline Pharmaceuticals and member of the CIO management team. In that role she was influential in guiding the organization's risk management and technology strategies, including cybersecurity. Previously, at SmithKline Beecham Pharmaceuticals, Trish had worldwide responsibility as the Vice President of Internal Audit. She transformed a traditional audit function to a risk‐based and value‐added audit and consulting function. Trish built a high performance team that was recognized as advisors throughout the company on strategic business issues. She started her career in public accounting and served as a Partner at Ernst & Young responsible for leading a team of professionals in conducting financial audits information systems audits, and providing security consulting services to large financial institutions and insurance companies. Trish, a CPA and CISA, holds a BBA in Accounting and Information Systems, and MA and PHD in Human and Organizational Systems. She is member of the Advisory Board for the Drexel University Corporate Governance Center. She is also on the board of the NJ Chapter of the National Association of Corporate Directors and co-chairs the Philadelphia Chapter of the Women Corporate Directors. During her career, Trish has been active on various other industry and not‐for‐profit boards as Treasurer and committee chair.

Michael Purcell

Michael Purcell (Audit Partner - Retired, Deloitte & Touche LLP) has more than 36 years of professional experience (all with Deloitte), providing assurance and advisory services to public and private enterprise clients, including family owned businesses as well as large multi-national companies. He has an extensive background serving technology, financial services, life sciences, consumer products and manufacturing companies, with deep experience in financial reporting, mergers and acquisitions, capital sourcing, and due diligence. Mike served as the Philadelphia Office leader of Deloitte’s middle-market and growth enterprise services. Mike has assisted many emerging companies over the years including successful initial public offerings and exit transactions.

Mike currently serves on the Board and Audit Committee of various entities including Capital Funding Bancorp, McKean Defense Group, Malvern Preparatory School, Academy of Notre Dame and Ben Franklin Technology Partners. In the past, Mike also served on the Boards of Directors of the Pennsylvania Alliance for Capital and Technologies (PACT), Entrepreneurs’ Forum of Philadelphia, The Haverford School, , American Heart Association (President) and Main Line Jaycees (President). He was the chairman of the Impact Venture Summit in both 2006 and 2014, a highly successful venture conference which attracted over 1,000 attendees. Mike has also served in advisory roles for both Lehigh University and Drexel University. He is a member of the American Institute of Certified Public Accountants (AICPA) and a former President of the Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA).

Mike also attended the Drexel University Directors Academy in 2016.

Mike graduated from The Haverford School, has a BS in Accounting from Lehigh University and an MBA in Finance from Drexel University.

James S. Carter

James S. Carter is Chair of the Audit and Nominating Committees and past Chair of the Governance Committee of Calumet Specialty Products Partners, L.P. (2XF500). He is a past board member of the Atlas Supply Company, Inc. and is CEO of Cypress Pointe Incorporated, the operating arm of family businesses involved in residential development, timber, and mining. He has advised several public and private companies on strategic, financial and accounting matters, currently including much- acclaimed Grimm Artisanal Ales, LLC. Carter retired as a US Regional Director of ExxonMobil where his division of 12K employees saw returns rise from low single digits to the teens on $25B of revenues. He led a combined Exxon and Mobil merger team that negotiated immovable regulatory issues with the Federal Trade Commission. After the merger he headed a unit that auctioned and divested over $1B in assets without external advisors. Previously at Exxon, USA, he was the Vice President of Marketing and head of Downstream Planning and Analysis, the department responsible for capital and expense budgeting, and financial and business analysis for refining and marketing. Carter is Executive in Residence at Tulane’s Energy Institute where he lectures about master limited partnerships including qualifying assets, governance, and accounting. Carter has addressed CERA World Energy Conferences, appeared on numerous news telecasts, and has been quoted in the Wall Street Journal, Fortune, the Financial Times of London, and other news outlets. He is a current member of the Advisory Board of the Tulane Energy Institute and a former member of board finance and audit committees of numerous educational and civic organizations. Carter earned his MBA in finance and accounting from Tulane and a BS in Mechanical Engineering from Clemson, attended international business programs at Columbia and IMD, and participated in the Duke Directors’ Education Institute program.

Yelena Barychev

Yelena Barychev is the President of the Association of Audit Committee Members, Inc., a not-for-profit organization devoted to developing best practices for audit committees. Ms. Barychev is also a partner at Blank Rome LLP. With more than 20 years of advising management and board of directors on complex governance matters, executive and director compensation, as well SEC, NYSE and NASDAQ compliance matters, Ms. Barychev also focuses her practice on advising companies, including family businesses, on mergers and acquisitions in a broad range of industries. Ms. Barychev writes and speaks frequently on corporate governance and securities compliance matters. Ms. Barychev is a Co-Lead of Blank Rome’s Environmental, Social and Governance (ESG) team. She works with directors and management to provide guidance on ESG strategies, reporting, and disclosure. Ms. Barychev is also a member of the Board of Directors of The Forum of Executive Women and a member of the Educational Programs Committee of the Society for Corporate Governance. (Bio)

Yelena Barychev

Amy Rojik has spent more than 17 years with BDO as part of the National Professional Practice. She founded and directs BDO’s Center for Corporate Governance, designed for financial executives and those charged with governance of both public and private companies. She is responsible for the development and presentation of a significant volume of BDO’s external educational webinar, on-demand and podcast programs and thought leadership pieces on a variety of matters related to corporate governance, including cybersecurity, fraud, succession planning, and audit quality. She further develops certain of our firm’s board of director forums as well as participates in external events for corporate directors.

Amy serves on BDO’s ESG Executive Leadership Team and is responsible for BDO’s Annual Audit Quality Report and tools and templates that support required auditor communications with audit committees. She is a certified NACD Board Fellow.

Chairman Emeritus

Frederick Lipman

Frederick D. Lipman is the Chairman Emeritus and immediate past President of the Association of Audit Committee Members, Inc. He has also been a partner at Blank Rome LLP, a national law firm, for more than 50 years. Mr. Lipman is the author of Corporate Governance Best Practices (John Wiley & Sons, Inc., 2006), Executive Compensation Best Practices (John Wiley & Sons, Inc., 2008) and Whistleblowers: Incentives, Disincentives and Protective Strategies (John Wiley & sons, Inc. 2012). He is also the lead author of Audit Committees, published by The Bureau of National Affairs, Inc., Washington, D.C., which is the most comprehensive treatment of this subject currently published and is used by attorneys nationally who advise public company audit committees. Mr. Lipman has taught corporate finance, accounting and securities law at the University of Pennsylvania Law School for 10 years and has taught for five years in the MBA program at the Wharton School of Business. Mr. Lipman has appeared on CNBC, CNN, the Bloomberg network and Chinese television as a commentator on business topics and has lectured in China, India and Thailand. He is the author of twelve books, including those mentioned above. Mr. Lipman graduated from Harvard Law School.

Board of Advisors

Thomas I. Selling

Thomas I. Selling, PhD, CPA is a Professor Emeritus of Accounting at Thunderbird School of International Management in Phoenix, AZ.  He is also co-founder and President of Grove Technologies LLC, a provider of hosted collaboration and database tools. Dr. Selling has served as an Academic Fellow, Office of the Chief Accountant, of the SEC. During 25 years as a business school professor he served on the faculties of MBA programs at Dartmouth, MIT, Wake Forest and Thunderbird School of International Management. He is frequently invited to speak about current accounting and financial reporting issues at conferences, has produced and led over 150 seminars for business professionals in 15 countries, and has been quoted in leading business publications such as the Wall Street Journal and Compliance Week. He authored numerous academic and practice publications. Dr. Selling has a Bachelor's degree and M.B.A. from Cornell, and a Ph.D. from Ohio State. Dr. Selling is a business strategist, technologist, educator, author and Certified Public Accountant.

Tilcia Toledo, CAMS, CFE is a Senior Managing Director in the Financial Services practice of FTI Consulting where she specializes in risk management, corporate governance, regulatory compliance and litigation support. She brings over 25 years of financial services experience in banking, regulatory compliance and consulting to deliver valuable solutions to national and global financial institution including traditional banks, money services businesses and fintech/cryptocurrency companies. Ms. Toledo works with financial institutions facing regulatory scrutiny. She advises Boards of Directors, Board Risk Committees and Compliance Committees on corporate governance, management structures, charters, risk assessments, policies and procedures. She also serves as the risk management subject matter expert on engagements related to non-compliance with Bank Secrecy Act, Anti-Money Laundering and Office of Foreign Assets Control sanctions regulations. Ms. Toledo has an M.B.A. in Finance from NYU’s Stern School of Business and a B.S. in Industrial Engineering and Management Sciences from Northwestern University.  She is a Certified Anti-Money Laundering Specialist (CAMS) and a Certified Fraud Examiner (CFE).  Ms. Toledo has written articles for Law360, ACAMS Today and FTI Journal. She is also the host of FTI Consulting’s monthly Finance & Leadership podcast.

Contact AACMI

For additional information about AACMI, contact:
Yelena M. Barychev, Esq.
Phone: 215.569.5737
Fax: 215.832.5737