Diversity Conference

Lance Drummond ’85S (MBA)

Lance Drummond is an executive level business leader with multi-industry and international experience—he has traveled and worked in 52 countries. He specializes in business transforming strategy development and execution and organizational change for business-to-business and business-to-consumer Fortune 500 companies with demonstrated success in manufacturing, technology, and financial services industries.

Lance is an independent director on the Freddie Mac Board where he served on the Audit Committee and Operations and Technology Committee. In addition, he was chair of the Compensation and Human Capital Committee. In February 2024, Lance was elected Freddie Mac’s chairman of the board. He is an independent director on the Board of United Community Bank Inc., a publicly held firm where he serves on the Risk Committee and is chair of the Nominations and Governance Committee. He is an independent director on AvidXchange Inc. a publicly held FinTech company and is chair of the Risk Committee and a member of the Talent and Compensation Committee. Lance was a public governor on the Board of the Financial Industry Regulatory Agency (FINRA) where he served on the Compensation and Human Capital Committee and was chair of the Audit and Risk Committee. Lance was also a board trustee at the University of Rochester, serving on the Compensation and Compliance, Executive, and Finance Committees. He also chaired the Human Resources Committee of the University.

From September 2015 to May 2018, Lance was the executive-in-residence at Christopher Newport University’s Luter Business School, where he led and hosted the Luter Lecture Series. Additionally, he was a guest lecturer, advisor to the case competition team, and senior advisor to the dean. He also provided career and professional development coaching to students.

Lance retired from TD Canada Trust in January 2015, where he was executive vice president of operations and technology. He led a team of associates who delivered personal and small business loan underwriting, funding, discharges, deposit operations, fraud management, collections, digitization and image transformation, service quality (Lean Six Sigma), and project management office services for Canadian Banking including retail, business, and wealth.

Lance earned a bachelor’s degree in business management from Boston University, an MBA from Simon Business School at the University of Rochester, and a Master of Science degree in management science from MIT. He received the MIT Sloan Fellowship in 1994 and the Aspen Institute’s Henry Crown Fellowship in 1998.