Steve Karol is the Managing Partner and Founder of Watermill Group. He has over 35 years of experience leading the turnaround, strategy development and acquisition activity for portfolio and client companies. Additionally, Mr. Karol is Chairman of the Board and CEO of HMK Enterprises, Inc., a privately held investment company. Mr. Karol is currently a member of the Board of Directors for Carpenter Technology Corporation (NYSE: CRS) and a member of the Board of Advisors for J. Walter Company. He has also served as Chairman of the Board of Mooney Aircraft Company, Director and Chairman of the Audit Committee of StockerYale, and as a Director of Jeepers! Inc., Intelligent Energy Limited and Inter-Tel Corp. He is also strongly involved in a variety of non-profit organizations. Mr. Karol received his B.S. from Tufts University, and he is a graduate of the Presidents’ Program on Leadership (PPL) at Harvard Business School. Mr. Karol is married with three children and is an avid pilot, cyclist, sailor, athlete, reader and wine collector.