Lance T. Funston currently serves as Chairman for the Board of the Executive Committee of Ultimark Products LLC; which he founded in 2000. The company’s personal care division manufactures and distributes products such as Prell®, Denorex® and Porcelana®.
During the 1980’s Mr. Funston sponsored leveraged corporate acquisitions including Mid-Continent Bottlers, O’Day Sailboats, Kittenger Furniture, Brooklyn Seven-Up and Larami Toys; which created the Super Soaker. In 1993, Mr. Funston founded TelAmerica Media, a media aggregator that now represents more than 90 percent of the cable television industry. In 2008, TelAmerica Media was sold to Cross Media Works Inc., in which Mr. Funston continues to serve as chairman emeritus and shareholder.
In 1970, Mr. Funston received his MBA from Harvard Business School. During his tenure at Harvard, he founded Portfolio Management Systems Incorporated; which developed investment management systems for major financial institutions including John Hancock, Fidelity Mutual, American General, Sun Life, and Bank of America. In 1973, Portfolio Management created a private real estate equity fund in Houston, Texas and developed over $300 million in residential and commercial properties during a 10-year period. In the early 1980’s, Mr. Funston began acquiring consumer product manufacturers and over the next 20 years as principal, he attained over $500 million in corporate properties.
Mr. Funston received his Bachelor of Science degree from the University of Houston in 1967. That same year, he was appointed by President Lyndon B. Johnson as Assistant to the Director of the Federal Deposit Insurance Corporation and, subsequently; as a special assistant to a governor of the Federal Reserve Board. He has subsequently received the University’s Life Time Achievement Award; and recently the University has dedicated the Lance T. Funston Communications Center in his name.
Mr. Funston currently serves on the board of the Philadelphia Committee to End Homelessness and the advisory board of the World Affairs Council. In 2007, Lance and his wife Christina founded the Save a Mind Foundation, which provides funding for public schools willing to utilize programs designed to assist children achieve their greatest potential.