Jaws Juggernaut Acquisition Corp
- SPAC Ticker
Barry S. Sternlicht has agreed to serve as the Chairman of the board of directors of Jaws Juggernaut Acquisition Corporation and is a well-known entrepreneur and operator with an extensive deal-making history. He founded Starwood Capital in 1991and currently serves as Chairman and Chief Executive Officer. Starwood Capital is a private alternative investment firm focused on global real estate, hotel management, oil and gas, and energy infrastructure with over $73 billion of assets under management as of December 31, 2020. Through the Starwood Capital platform, Mr. Sternlicht has created several multi-billion dollar public market companies, ranging from traditional real estate to branded hospitality. He has also executed several marquee public market transactions to enhance the scale of his core platform — including the creation and expansion of Starwood Property Trust (NYSE: STWD), the consolidation of Starwood Hotels & Resorts Worldwide (formerly NYSE: HOT), the spin-off and growth of Invitation Homes (NYSE: INVH), and the formation of Equity Residential (NYSE: EQR). Similarly, he has been involved in numerous private market consumer businesses as an early investor.
Mr. Sternlicht currently serves as the Chairman and Chief Executive Officer of STWD, a leading, diversified real estate finance company with over $5 billion in market capitalization as of January 2021; and one of the first mortgage REITs launched post-crisis. Since inception in 2009, Mr. Sternlicht has guided STWD through a steady evolution with over $63 billion in deployed capital, evolving from a pure-play commercial lender to a diversified commercial REIT with residential lending, commercial mortgage servicing, property ownership, and infrastructure lending. Mr. Sternlicht also has deep operating expertise, serving as the Chairman, from January 1995 through May 2005, and as the Chief Executive Officer, from January 1995 through September 2004, of HOT; a period in which the share price appreciated at a compound annual growth rate of approximately 16%. Over his tenure as Chief Executive Officer, Mr. Sternlicht grew the total market capitalization of HOT to approximately $10 billion. As Chief Executive Officer, Mr. Sternlicht executed several key acquisitions, including Westin Hotels, Patriot American, and ITT Corp., and led the development of the W Hotel concept.
Additionally, Mr. Sternlicht serves as Chairman of three SPACs: Jaws Spitfire Acquisition Corporation (NYSE: SPFR), which successfully conducted its initial public offering (“IPO”) in December 2020, Jaws Acquisition Corp. (NYSE: JWS), which successfully conducted its IPO in May 2020, and Jaws Mustang Acquisition Corporation (NYSE: JWSM), which successfully conducted its IPO in February 2021. On November 12, 2020, Jaws Acquisition Corp. announced its merger with Cano Health, a primary care-centric, technology-powered healthcare delivery and population health platform. The combined company will operate as Cano Health, and will be listed on the NYSE under the new ticker symbol “CANO”. The business combination is expected to close in the end of the first quarter or the beginning of the second quarter of 2021, following the receipt of the required approval by Jaws Acquisition Corp.’s shareholders and the fulfillment of other customary closing conditions. Mr. Sternlicht is also a member of the board of directors of INVH, The Estée Lauder Companies Inc. (NYSE: EL), and A.S. Roma S.p.A. (MIB: ASR), and Vesper Healthcare Acquisition Corp. (Nasdaq: VSPR).
We believe Mr. Sternlicht’s significant investment experience makes him well qualified to serve as a member of our board of directors.
Paul E. Jacobs, Ph.D. is the Chief Executive Officer of Jaws Juggernaut Acquisition Corporation and has agreed to serve on our board of directors . Dr. Jacobs has over three decades of leadership experience in mobile communications and is currently the Chairman and Chief Executive Officer of XCOM Labs, a wireless technology company he founded in April 2018. XCOM Labs includes an experienced team of wireless systems engineers and professionals that develop advanced wireless technology solutions, including ones that enable high-performance 5G use cases. From 1990 to 2018, Dr. Jacobs held numerous engineering and leadership positions at Qualcomm, Inc. (Nasdaq: QCOM), a semiconductor and telecommunications equipment company, including Executive Chairman, Chairman, and Chief Executive Officer. Dr. Jacobs served as Qualcomm’s Executive Chairman from March 2014 to March 2018; Chairman of the board of directors from March 2009 to March 2018; and Chief Executive Officer from July 2005 to March 2014. As Chief Executive Officer of Qualcomm, Dr. Jacobs spearheaded the company’s efforts to develop and commercialize mobile technology breakthroughs that significantly contributed to the growth of both the company and the industry.
Dr. Jacobs currently serves as an advisor and member of the board of directors for a number of other companies and organizations, both public and private. Since 2016, Dr. Jacobs has been a member of the board of directors of Dropbox. He has been the Chairman of Heal, a market leader in doctor house calls, since 2019. Dr. Jacobs is an alternate Governor of the NBA and Vice Chairman of the Sacramento Kings. He is the Co-Chair of the UC Berkeley Board of Visitors; the Co-Chair of the advisory board of the UCB College of Engineering; a member of the Cornell Tech Council; a member of the National Academy of Engineering; and a Fellow of the American Academy of Arts and Sciences. Dr. Jacobs holds a Ph.D. in Electrical Engineering and Computer Science, an M.S. in Electrical Engineering, and a B.S. in Electrical Engineering and Computer Science from the University of California, Berkeley.
We believe Dr. Jacobs’ significant management and investment experience make him well qualified to serve as a member of our board of directors.
Michael Racich is the Chief Financial Officer of Jaws Juggernaut Acquisition Corporation. Mr. Racich is also the Chief Financial Officer of Jaws Mustang Acquisition Corporation, Jaws Spitfire Acquisition Corporation and Jaws Acquisition Corp. Since 2010, Mr. Racich has served as the Chief Financial officer of JAWS Estates Capital LLC. Previously, Mr. Racich was a director at Frydland Stevens LLC from 2007 to 2014 and also worked for JAWS Estates Capital LLC from 2005 to 2007. While at Frydland Stevens LLC, Mr. Racich advised JAWS Estates Capital LLC on tax related issues and was responsible for preparing JAWS Estates Capital LLC’s tax filings. Mr. Racich graduated from Villanova University in 1994 with a Bachelor of Science in Accountancy.
Wilcoln Lee is the Chief Investment Officer of Jaws Juggernaut Acquisition Corporation. Mr. Lee has served as Portfolio Manager of JAWS Estates Capital LLC since 2008. Mr. Lee directs the public market strategy of JAWS Estates Capital LLC with a particular emphasis on technology, media, and telecom. He also directed JAWS Estates Capital LLC’s private investments in Pivotal Commware and XCOM Labs. Prior to joining JAWS Estates Capital LLC, Mr. Lee was Director of Research at Scout Capital Management, a New York based hedge fund. Before Scout Capital, Mr. Lee was an analyst at Flatiron Partners, a New York based venture capital firm. He began his career as an analyst in the Mergers & Acquisitions group of Donaldson, Lufkin, & Jenrette. Mr. Lee received a B.S. in Industrial Engineering from Stanford University.
Derek K. Aberle is a member of the board of directors of Jaws Juggernaut Acquisition Corporation. Mr. Aberle currently serves as Executive Vice Chairman and director of XCOM Labs, which he co-founded with Paul E. Jacobs in July 2018. He also is CEO and member of the board of directors of Prospector Capital Corp. (Nasdaq: PRSRU), a SPAC which successfully conducted its IPO in January 2021. Mr. Aberle served as President and Chief Operating Officer of XCOM Labs from July 2018 to November 2020. Prior to XCOM Labs, Mr. Aberle spent 17 years at Qualcomm, including as President of Qualcomm from March 2014 to January 2018. He was an officer and member of Qualcomm’s Executive Committee and Qualcomm Ventures Investment Committee from 2008 until January 2018. As President and Group President, he led many of Qualcomm’s growth strategies and oversaw both Qualcomm’s earlier stage and mature businesses, including the semiconductor (“QCT”), technology and IP licensing (“QTL”), data center, display, wireless charging, augmented reality, and healthcare businesses. Prior to Qualcomm, Mr. Aberle was an attorney with the international law firms Pillsbury Winthrop and Heller Ehrman.
We believe Mr. Aberle’s significant investment experience makes him well qualified to serve as a member of our board of directors.
David E. Wise has agreed to serve as a member of the board of directors of Jaws Juggernaut Acquisition Corporation. Mr. Wise served in various positions at Qualcomm Inc. (Nasdaq: QCOM) for nearly 24 years. From April 2019 to August 2019 Mr. Wise served as Senior Vice President and Interim Chief Financial Officer of Qualcomm Inc. and from December 2015 to April 2019, Mr. Wise served as Senior Vice President of Finance and Treasurer of Qualcomm Inc. Prior to joining Qualcomm Inc., Mr. Wise was an associate at Dean Witter Reynolds, an investment banking firm from June 1994 to January 1997. Mr. Wise received an MBA from the Darden School of Management at University of Virginia and a B.A. in Economics from Bates College.
We believe Mr. Wise’s significant management and investment experience make him well qualified to serve as a member of our board of directors.