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Business Council: Who's Who

ebrief feature


Paul Lacy

President, Kronos Incorporated

Trained as both a certified public accountant and lawyer, Lacy began his professional career at Bose Corporation in 1978 as both their legal and tax counsel and assistant treasurer. When the company started to under-perform in the early 1980s, Lacy was given increased responsibility with the exodus of senior management. One of his career highlights at Bose was signing the first Bose/GM auto sound systems agreement, for which Lacy raised the capital to make it happen, all before the age of 35. 

From Bose, Lacy moved to Bird, Incorporated, where he served as vice president of finance and treasurer. From Bird, he moved to Remanco Systems Corporation, a manufacturer of point-of-sale systems for the hospitality industry, where he served as vice president of finance. 

Lacy joined Kronos in 1988 and most recently served as executive vice president and chief financial and administrative officer. During his tenure, he has helped navigate the company through three economic downturns to become one of the world’s most consistent-performing enterprise software companies. Under Lacy’s financial leadership, Kronos has achieved an incredibly strong revenue growth and profitability track record that would make any chief financial officer envious. He also has orchestrated more than 50 acquisitions for Kronos, including dealers and other vendors in the workforce management market or adjacent spaces. 

In October 2005, Lacy assumed all the responsibilities of president, in addition to overseeing the corporate-wide finance, legal, information technology, manufacturing, human resources, and administrative functions of the company. He is also responsible for investor relations, strategic planning, and business development activities.  

Known among Kronos management ranks as the “sound of reason”, Lacy’s top core value is honesty in all matters. A leader by nature, he is humble and respectful, and very in tune with facilitating a working environment where all employees are treated with respect.

Lacy holds a bachelor’s degree in accounting from Boston College and Juris Doctor from Boston College Law School. He is a member of the Massachusetts Bar Association.

Edward R. Leahy
Managing Partner, AEG Capital LLC

Edward R. Leahy, co-founder and managing partner of AEG Capital LLC, has over 30 years experience in the business, financial, legal, international and regulatory markets.

Prior to forming AEG Capital, Mr. Leahy was a partner at Bingham Dana LLP. In that capacity, he worked with corporations and governments on domestic and international business transactions, securities and financial matters.

During the 2002-03 academic year, Mr. Leahy was the Sir Maurice Shock Visiting Fellow at University College, Oxford University and since 1998 has lectured regularly at Oxford.

Mr. Leahy graduated with honors from the University of Scranton in 1968 and from Boston College Law School in 1971. Mr. Leahy attended law school as a Presidential Scholar. While at Boston College, Mr. Leahy was elected to the Order of the Coif and served as Editor-in-Chief of the Boston College Law Review.

Following graduation from the law school, Mr. Leahy served as law clerk to Judge Ruggero J. Aldisert, of the United States Court of Appeals for the Third Circuit, and to Justice William J. Brennan, Jr., of the United States Supreme Court. He also served as a Captain in Military Intelligence with the United States Army.

After his clerkship with Justice Brennan and completion of his military service, Mr. Leahy joined the law firm of Steptoe & Johnson in August 1975. He became a partner in 1978 and continued in that capacity until 1987. That year, Mr. Leahy was appointed Special Counsel in the U.S. House of Representatives. His responsibilities included securities and business-related matters relating to mergers and acquisitions, private placements, financial services industry restructuring, oversight of the Securities and Exchange Commission, insider trading and other forms of market manipulation, derivative products, money laundering and stock market reform. From 1989 until 1996, Mr. Leahy was a partner and member of the Executive Committee at Thacher Proffitt & Wood.

Mr. Leahy has extensive experience in corporate securities and finance. He has worked with companies on corporate regulatory and compliance matters, litigation and international business transactions throughout the world, particularly throughout the Middle East. He represented the FDIC and the RTC in the investigation and prosecution of financial fraud claims against Drexel Burnham. He has represented numerous clients in connection with SEC and Congressional investigations and performed internal investigations for corporate clients.

Mr. Leahy is a member of the American Law Institute. He is the author of numerous articles on international litigation and arbitration, internal corporate investigations and ethics, securities and international business.

Mr. Leahy received the Alumni Achievement Award for Distinguished and Exceptional Attainment from the University of Scranton in 1993, and the Alumnus of the Year Award from Boston College Law School in 1997. He was honored by Boston College Law School in 1999 with the Founder’s Medal, which is the highest honor the Law School can bestow. In 2000, he received from Boston College the James Malley, S.J., Award for Extraordinary Service to the University, and in 2001, he received an Honorary Doctor of Humane Letters degree from the University of Scranton.

Mr. Leahy is past Chairman of the Board of Trustees of the University of Scranton and also served on the Boards of the Healthy Babies Project and the Fund for Peace, both in Washington, D.C., and on the Board of the Kids Fund at the Boston Medical Center. He is on the Board of Advisors of Boston College Law School. He also served on the Board of Directors of International Marketing Solutions, Inc., in Dublin, Ireland. 

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