Steve Holstad

Bio

Steve R. Holstad, Jr. is CFO and part-owner of City Line Motors, LLC which owns BMW of the Main Line and MINI of the Main Line. Both businesses are based in Bala Cynwyd, PA with combined revenue of approximately $120 million. Mr. Holstad is also a Managing Director with Strattech Partners, LLC based in Bala Cynwyd, PA. Strattech Partners, LLC is a consulting and venture capital firm focused on the development of early-stage growth companies. From 2004 to 2006, Mr. Holstad was acting CFO of Around Campus, Inc. a Philadelphia-based publishing company with over 125 college directory publications and independent telephone directory publications in Maine and Pennsylvania. In 2001 and 2002, Mr. Holstad was acting CFO of StarCite.com, Inc. a Philadelphia-based technology company serving the global meetings and events industry. During 2002, he led the acquisition and integration of two leading companies in the travel industry and completed a $3 million financing round for StarCite with participation from Starwood Hotels, American Express and Internet Capital Group. In 2000 and 2001, Mr. Holstad was acting CFO and VP of Finance of TeleSpectrum Worldwide, Inc. a $300 million teleservices company. While at TeleSpectrum he negotiated a $130 million bank credit agreement with TeleSpectrum’s bank group, brought in a new executive management team to run the company, and oversaw the company’s treasury and banking operations. In 2001, Mr. Holstad also served as acting CFO of BidTrac.com, Inc. a software developer and application service provider for the real estate industry. Mr. Holstad has more than 15 years of financial experience in the commercial banking, chemical and energy industries. Prior to joining Strattech Partners in 2000, Mr. Holstad held a number of senior management positions at the Atlantic Richfield Company (ARCO) during an eight-year career. Most recently, Mr. Holstad managed ARCO’s worldwide financial planning and performance analysis organization in Los Angeles. He was a core member of ARCO’s Global Cost Reduction Task Force, a cost reduction effort that resulted in cost savings of over $500 million. Mr. Holstad also served as the Manager of Corporate Finance for the ARCO Chemical Company based in Newtown Square, PA. In this capacity, he was responsible for ARCO Chemical’s global corporate finance activities, including a $1 billion debt portfolio, financing strategies, investment banking and rating agency relationships, capital structure issues, pension activities, and dividend policy. During his tenure as Corporate Finance Manager, Mr. Holstad managed all investment banking issues related to a $600 million chemical acquisition. Mr. Holstad also held various positions within ARCO’s Planning, Business Analysis and Treasury functions. Prior to its merger with British Petroleum, ARCO was the fifth largest U.S. oil company with $25 billion in assets, approximately 18,000 employees and a market capitalization of $25 billion. In the non-profit area, Mr. Holstad is Chairman of the Board of Directors of the Main Line Art Center, President of the Board of Directors of A Better Chance in Lower Merion, and on the Board of Directors of Spark The Wave. Before joining ARCO, Mr. Holstad was employed in the banking industry. He holds a BA Degree in Economics from Duke University and an MBA in Finance from the University of Michigan, where he graduated with High Distinction.