Invest boldly Manage risk wisely

The Millrace Team

Having worked together for many years prior to establishing Millrace, Bill and Whit came to share a common investment philosophy, clear thoughts on how to better manage risk, and a common belief in the way they wanted to build their investment firm. Most important to the latter point, Bill and Whit believe in empowering their colleagues to use their experience to act responsibly and proactively. This aspect of our culture motivates our people and brings forth their very best work. The Millrace team today consists of four investment professionals, a dedicated trader, and support provided by the CFO/CCO and the Client Service team.

Organization Chart

 
Bill Kitchel | Whit Maroney
Co-Founders
 

Click on a team member below to view the individual's bio.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bill
William L. Kitchel III
Founder and Portfolio Manager
since 2001

Experience:

Greenville Capital, Portfolio Manager & Analyst 1997-2001
Alex Brown, Analyst, Emerging Growth Fund 1993-1996
HNW, Portfolio Manager 1991-1996
Massachusetts Financial Services, Analyst 1987-1991
Blythe Eastman Paine Webber, Analyst M&A 1983-1985

Education:

MBA, Dartmouth's Amos Tuck School of Business, 1987
BA, University of Virginia, 1981
John
John Force
Research Analyst/Portfolio Manager
since 2007

Experience:

Zeke Partners Hedge Fund Analyst 2002-2005
Pilgrim Baxter, Portfolio Manager & Analyst 1993-1998
Managed PBHG Science & Tech Fund and $2B Small Cap Accounts
Barron’s Technology Roundtable 1997-1998
Fiduciary Management Associates Small Cap Fund, Portfolio Manager 1987-1992
First Ohio Bancshares SVP, Portfolio Manager & Analyst 1978-1987

Education:

MBA, University of Toledo 1983
BS, Miami University of Ohio 1978
John
John Krulock
Research Analyst/Portfolio Manager
since 2015

Experience:

TC Partners LLC, Hedge Fund Analyst 2013-2015
Bluefin Investment Management, Analyst 2010-2013
The Vanguard Group, Risk Analyst, Accounting Analyst, Client Relations 2005-2010

Education:

BS, Pennsylvania State University 2005
Whit
Whitney M. Maroney
Founder and Portfolio Manager
since 2001

Experience:

Greenville Capital, Portfolio Manager & Analyst 1996-2001
Alex Brown, Analyst 1994
Frohberg Union Finance Commerce, Managing Director 1991-1993

Education:

MBA, William and Mary School of Business 1996
BA, Washington College 1991
Dan
Daniel J. Hammond
CFO & CCO
since 2001

Experience:

Rollins Group of Companies 1995-2001:
Matlack Systems (DE), VP Admin & Controller
Rollins Truck Leasing Corp & Matlack Systems, Assistant Treasurer
Rollins Truck Leasing Crop & Matlack Systems, Mgr External Financial Reporting
CopyAmerica, Inc, Controller 1994-1995
Price Waterhouse, Director Human Resources 1991-1994
Audit Staff Accountant to Audit Manager 1983-1991
CPA 1986 (inactive), CMA 1995 (inactive)

Education:

MBA University of Delaware 1999
BS Elizabethtown College 1983
Doug
Douglas E. Ridgway
Head Trader
since 2017

Experience:

Triage Capital Management, Head Trader 2004-2017
Schlarbaum Capital Management, Equity Trader 2002-2004
T.Rowe Price Associates, Equity Trading 1997-2004
Fund Accountant/Business Analyst 1994-1997
DC Armory Board Finance Department 1990-1994

Education:

BS, Old Dominion University 1989
Jeff
Jeffrey Stroble, CFA
Client Services
since 2017

Experience:

Kalmar Investments, Client Services Director 2001-2017
Fisher Investments, VP Sales 1999-2000
Riggs Investment Management Company, VP Sales 1998-1999
Wilmington Trust Company, VP and Division Manager 1981-1998
Rodney Square Distributors, President 1991-1998

Education:

MBA, University of Delaware 2000
BS, Virginia Tech 1980
Richard
Richard C. Corkran
Investor Relations
since 2010

Experience:

American Airlines, Pilot 1992 to Present
Milestone Aviation, President, 2005 to Present

Education:

BS, Massachusetts Institute of Technology 1985