A native of Providence, RI, Stephen Brown worked for 43 years at John Hancock, ultimately becoming CEO. In January, 2000, he led the company's successful effort to convert from a mutual company to a public company. Prior to that time, he led a process of culture change, which became the subject of a Harvard Business School case study. During Stephen's tenure, Hancock became a leader in developing family-friendly policies, and in encouraging women to maximize their career potential. Following his retirement in 2001, the Hancock board of directors renamed the company's Clarendon Building the Stephen L. Brown Building, in honor of his achievements within the company, the industry, and the community. Stephen serves or has served on numerous outside Boards, both public and non-profit. Among others, he was Chairman of Ionics, Inc., Chairman of the Alfred P. Sloan Foundation, and a member of the Board of the Federal Reserve Bank of Boston. He is currently on the Board of Directors of the Raymond F. Kravis Center and serves on its Finance Committee, Investment Committee (Chairman), Executive Committee, and Strategic Planning Committee; and the Palm Beach Civic Association (Director and Former Chairman).