Truth MD

Board Members

Gary Wilson

Gary L. Wilson

Chairman of the Board

Gary L. Wilson was the chairman of the board of Northwest Airlines, chief financial officer of Walt Disney Company, and chief financial officer of Marriott Corporation.

Wilson earned a bachelor's degree from Duke University in 1962 and an MBA from the Wharton Graduate School of Finance and Commerce at the University of Pennsylvania in 1963. He received an Honorary Doctor of Laws degree from Pepperdine University in 2005.

Wilson began his career in 1964 in Manila as CFO of Trans-Philippines Investment Corp. (TPIC), a leveraged buyout of one of the world’s largest sugar companies. He created and was CEO of a sugar-trading subsidiary that produced 20 percent of TPIC’s profit with no capital invested. He recommended and implemented the transformation of the firm from a sugar company to one of Asia’s largest construction companies by acquiring Atlantic Gulf & Pacific (AG&P) in 1969 while selling the sugar mills.

After returning from Asia, he joined Marriott in 1974, as executive vice president for finance, strategy and development. During his period there, Marriott’s market capitalization increased from $200 million in 1974 to $3.6 billion in 1987 for a 24 percent IRR driven principally by hotel expansion through innovative financing techniques. Among his accomplishments were creating and developing the Courtyard Hotel concept, which now comprises nearly 20 percent of Marriott’s rooms, as well as Marriott time sharing, which is now the world’s leader. He also led the 1978 repurchase of one-third of Marriott shares, which at the time was the second largest stock buyback in history.

In 1985, Wilson joined the Walt Disney Company as executive vice president of finance, strategy and development when the Bass Brothers acquired control. During his time there, market capitalization increased from $2 billion to $20 billion, an IRR of 58 percent, primarily by expanding hotel and theme park assets while increasing prices. Among his accomplishments were increasing hotel rooms from 4,000 in 1985 to 18,000 rooms in 1992 and introducing time-sharing based on the Marriott model, which led to Disney becoming a leader in this profitable lodging segment. He also developed the Euro Disney theme park complex in Paris from site selection to financing, which included major concessions from the French government and culminated in one of Europe’s largest IPOs. In addition, he financed films through innovative public partnerships that shifted ownership risk to investors while Disney retained large distribution fees and a share of appreciation.

Wilson led the buyout of Northwest Airlines in 1989. In 1997, as chairman of Northwest, he acquired control of Continental Airlines. Prior to the Sept. 11 attacks and the subsequent fallout on the airline industry, Northwest’s market capitalization reached $6 billion, providing investors with handsome returns on their $300 million initial equity investment. He served as chairman or co-chairman of Northwest from 1991 to 2007.

Wilson has successfully acquired other companies, including Progress Rail in 2004, and is the creator and general partner of several private equity funds: Manhattan Pacific Partners, an investment fund; Thayer Lodging, a hotel investor; and Clarity China, which invests in Chinese companies. These transactions have produced internal rate of return to date of more than 25 percent — some over many years.

Wilson has been a board member of Yahoo! Inc. and is a director of the publicly traded company CB Richard Ellis. He is a trustee emeritus of Duke University and serves on the board of overseers of the Keck School of Medicine at the University of Southern California and the board of directors of Millennium Promise.

Gemma Cunningham

Gemma Cunningham

Chief Executive Officer

Gemma Cunningham is an experienced executive and one of the most sought-after sources of medical information by such outlets as the Wall Street Journal, the New York Times and CNN.

Gemma Cunningham has more than twenty years of senior executive experience running both established and start-up companies.

Ms. Cunningham ran her own firm, Cunningham & Associates, which specialized in marketing and the medical field. Her clients included world-renowned physicians, major hospitals and clinics and innovative bio-tech companies.

Ms. Cunningham has also served as an executive at major marketing companies (Rogers & Associates and Edelman Public Relations among others), major apparel companies Ocean Pacific, O'Neil Sportswear, Pacific Outlook and related sports organizations such as the AVP.

She began her career working at the White House Press Office in Washington D.C. as part of the Reagan administration and went on to be a successful reporter before taking on managerial responsibilities.

Morgan St. John

Morgan W. St. John

Board Member

Morgan St. John has been active in merchant banking and investment banking since 1978. He has originated, analyzed, structured, negotiated and syndicated approximately $40 billion of corporate transactions in the U.S., Europe, Asia and Latin America for such clients as RJR, Beatrice, Safeway, Borg Warner, Amstar, Ramada and Marriott.

Mr. St. John has successfully assisted and collaborated with numerous investment and merchant banking groups including Manhattan Pacific Partners, Actian Capital, Washington Partners, Wilson Partners, Morpheus Capital and Wyvern Capital.

Previously, Mr. St. John was a Partner and Managing Director at Bankers Trust Company where he built the Los Angeles Finance group and New York Syndication group to become the industry leaders in highly structured acquisition financing. He became the firm’s youngest Partner in 1989, served as a member of the Global Investment Bank Management Committee and developed and globally managed Bankers Trust’s largest and most profitable client relationships.

Mr. St. John is a Director and past Chairman of Goodwill Industries of Southern California and served as a Director of the American Red Cross of Greater Los Angeles.

Mr. St. John received both his Masters degree and Bachelors degree with honors from Harvard University.

Robert A. Stoltz

Robert A. Stoltz

Board Member

Robert A. Stoltz has had a successful career in the aerospace industry with a variety of executive and management positions.

Dr. Stoltz served as Chairman and CEO of Tiernay Metals, Redondo Beach, CA, from 1992 to 2000. Under his leadership and direction, the company grew substantially, and was very successfully sold to J.P. Morgan Chase in 1999.

He was Vice President - Strategic Planning (including M&A) for AlliedSignal Aerospace, headquartered in Torrance, CA, from 1988 to 1992. This major unit of Allied-Signal Corp. had sales of over $6B. (Today, Allied-Signal has become Honeywell).

From 1981 to 1988, Dr. Stoltz was Vice President - Worldwide Sales & Marketing for Bendix Aerospace Group, Washington, D.C., one of three major segments of the Bendix Corporation. His responsibilities not only covered domestic and international sales and marketing, but strategic planning and acquisitions as well. The Aerospace Group had sales of about $3B. (Bendix then became part of Allied-Signal).

Prior to that, he was V.P. & General Manager of Bendix Instrument & Life Support Division, Davenport Iowa, from 1978 to 1981. He successfully segmented the military and health care markets of this division into completely separate businesses, and later successfully divested the entire division by selling the two businesses to two other companies.

Earlier in his career, Dr. Stoltz served in engineering capacities at Bendix Electrodynamics Division, Los Angeles; U.S. Naval Underwater Sound Laboratory, New London, CT; and G.E. Missile & Space, Philadelphia.

In 1985, Dr. Stoltz had the honor and privilege of being a member of the first U.S. Trade Mission to China, sponsored and managed by the Reagan White House.

Dr. Stoltz received a B.S. from Rensselaer Polytechnic Institute, and M.S. and Ph. D. degrees from the University of Pennsylvania. He is also a graduate of the Executive Programs of U.C.L.A. and the University of Michigan.

Fahim Boulos

Fahim Boulos

Board Member

Fahim Boulos is a real estate development and construction professional with more than two decades of experience in the U.S. and the Middle East. His experience ranges from construction management, structural engineering, risk management and real estate management. As the founding partner of Clean Energy Global, a company specializing in renewable technology, Mr. Boulos is responsible for business strategy and Middle East operations.

Mr. Boulos’ unique background in both construction and real estate management led him to becoming a sought after team member for numerous real estate projects throughout the Middle East.

In his role as Managing Partner for Pivot Engineering, a general contracting firm in Abu Dhabi, he was responsible for project management and the long-term growth of the company. He orchestrated a majority sale of Pivot to Sorouh Real Estate, a major Abu Dhabi-based real estate developer in 2008. While no longer involved with day-to-day management of the company, he remains a member of the Board of Directors and the Executive Committee, where he advises and oversees the executive management team.

Prior to his work in the Middle East, he successfully managed several infrastructure projects throughout California. Due to his vast experience in risk management, he was often called upon to assist project owners and attorneys with construction disputes and claims.

Mr. Boulos received his master’s degree in structural engineering from the University of Southern California and his bachelor’s degree in civil engineering from the University of Central Florida.

Ben Chelovich

Ben Chelovich

Board Member

Ben Chelovich is a Senior Vice President at Oakmont Corporation. Oakmont is a family office and registered investment advisory firm formed more than 30 years ago. Oakmont now oversees over $2 billion in assets for high-net-worth investors. Mr. Chelovich is responsible for origination and management of private investments.

Prior to joining Oakmont, Mr. Chelovich was a Director with Strategy&, where he provided strategy consulting to industry-leading companies. Earlier in his career, he advised institutional and high net worth clients on investments and wealth management strategies with J.P. Morgan Securities.

Mr. Chelovich received his B.A. in Economics from Brown University and M.B.A in Finance and Strategy from the Kellogg School of Management at Northwestern University.