Primary Job Title Board of Director Primary Organization 
Valero Energy
Gender Male
Stephen M. Waters has been the managing partner of Compass Partners Advisers LLP since 1996 and was Chief Executive of Compass Partners European Equity Fund. From 1988 to 1996, he served in several capacities at Morgan Stanley, including Co-Head of the Mergers and Acquisitions department from 1990 to 1992, Co-Chief Executive Officer of Morgan
Stanley Europe from 1992 to 1996 and as a member of the firm’s worldwide Firm Operating Committee from 1992 to 1996.
From 1974 to 1988, he was with Lehman Brothers, co-founding the Mergers and Acquisitions department in 1977, becoming a partner in 1980 and serving as Co-Head of the Mergers and Acquisitions department from 1985 to 1988. Mr. Waters is also a director of Boston Private Financial Holdings, Chairman of the Advisory Board of the Boston University School of Public Health, Acting Chairman of the United States Naval Institute and Co-Chairman of the Harvard College Fund. He has served as a director of Valero since 2008.
