Margaret Smyth

Margaret “Peggy” Smyth

Committees:
Audit (Chair); Nominating and Corporate Governance

Key Skills and Experience:

  • Senior Leadership: Serves as Partner, Global Infrastructure at QIC, a global infrastructure investor focused on ESG-themed investments in energy and utilities, transport, and social / public / private partnership sectors, since July 2021. Prior to this, served as US Chief Financial Officer of National Grid, Vice President of Finance at Consolidated Edison, Inc., Vice President and Chief Financial Officer of Hamilton Sundstrand, and Vice President and Corporate Controller of United Technologies Corporation. Earlier in her career, was the Vice President and Chief Accounting Officer of 3M Corporation and served in various senior leadership roles for Deloitte’s and Arthur Andersen’s telecom and media practices.
  • Restructuring: As Vice President and Corporate Controller of United Technologies, conceived and executed a one-year strategic plan to restructure the $25 billion US Shared Business Services organization, which significantly reduced costs, decreased error rates by 90%, and improved customer satisfaction. Also, as CFO of National Grid US, led the transformation of the company’s business services and finance function, which increased operating profit (+10.6%), achieved vs. allowed returns (99% vs. 80%), capital investment (+10.4%) and rate base (+8.9%), based on a five-year CAGR.
  • Finance & Accounting: From 2014 to 2021, served as the US Chief Financial Officer of National Grid, one of the world’s largest publicly owned energy companies, overseeing all finance, accounting, transactional, and property services. Brings experience in advancing sustainability accounting practices and is a Sustainability Accounting Standards Board (“SASB”) FSA Credential Holder with deep financial experience, having served as a partner at two of the world’s largest accounting firms.
  • Risk Management: Throughout her time at National Grid US, played a key role at the forefront of corporate efforts related to decarbonization, clean energy, and DE&I, and led a strategic pivot to the clean energy future, including developing financing models for new energy solutions and the expansion of electric vehicle charging stations. Also drove a risk-centric governance model across the entire portfolio of risks, including climate change and cybersecurity.
  • Value Creation and M&A: Serves on the boards of Remitly Global, Inc. and Lilium N.V., including through their IPOs. Also served on the board of publicly traded Martha Stewart Living Omnimedia in the years leading to its sale to Sequential Brands. As CFO of National Grid US, was responsible for approving all material acquisitions and dispositions, capital investments, and restructurings. As an Arthur Andersen partner, played a significant role in countless M&A, IPO, and debt offering transactions for clients including News Corporation (BSkyB, Fox), Martha Stewart Living, and ITT (MSG), among others. Also led and participated in significant capital transactions at 3M, United Technologies, Con Edison, and National Grid.
  • Operations: Has extensive experience in organizational effectiveness and change, having led numerous team transformations that resulted in increased productivity, engagement, and performance across the energy, manufacturing, telecommunications, and professional service sectors.
  • Education: Bachelor’s Degree in Economics, Fordham University; Master’s Degree in Accounting, New York University’s Stern School of Business.

Career Highlights:

  • QIC
    • Partner (2022 – present)
    • Senior Advisor, Global Infrastructure and Chair, CenTrio (2021 – present) and Renewa (2022 – present)
  • National Grid US
    • Chief Financial Officer (2014 – 2021)
  • Con Edison
    • Vice President of Finance (2012 – 2014)
  • United Technologies
    • Vice President, Chief Financial Officer, Hamilton Sundstrand (2010 – 2011)
    • Vice President, Corporate Controller (2007 – 2010)
  • 3M Corporation
    • Vice President and Chief Accounting Officer (2005 – 2007)
  • Deloitte & Touche, LLP
    • Managing Partner, Technology, Telecommunications, Technology and Media, Northeast Region (2002 – 2005)
  • Arthur Andersen LLP
    • Assurance Partner in Charge, North American Communications and Media Practice, and other roles (1985-2022)

Public Company Board Experience:

  • Remitly Global, Inc. (2021 – Present)
  • Lilium N.V. (2021 – Present)
  • Etsy, Inc. (2016 – Present)
  • Vonage Holdings Corp. (2012 – 2016)
  • Martha Stewart Living Omnimedia Inc. (2012 – 2015)

Private Company Boards and Other Memberships:

  • The Aspen Institute’s Henry Crown Fellows (2006 – Present)

Frontier's Board of Directors