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Michael W. Malafronte

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Michael Malafronte
Michael W. Malafronte
Lead Independent Director, Adtalem Global Education
Lead Independent Director, Adtalem Global Education

Michael W. Malafronte

Michael W. Malafronte was elected as Lead Independent Director of Adtalem Global Education’s Board of Directors in November 2024 after serving on the Board for nearly eight years, most recently serving as Chairman.

Mr. Malafronte has been a director of Adtalem since June 2016. Mr. Malafronte is a Founding Partner of International Value Advisers, LLC (“IVA”) and served as Managing Partner for 13 years until December 2020. He was responsible for overseeing all aspects of IVA, including company strategy and managing resources. He also served as President of IVA Funds. Prior to founding IVA in 2007, Mr. Malafronte was a Senior Vice President at Arnhold and S. Bleichroeder Advisers, LLC where he worked for two years as a senior analyst for the First Eagle Funds, owned by Arnhold & S. Bleichroeder Advisers, LLC. There he worked under Charles de Vaulx and Jean-Marie Eveillard within the Global Value Group for the value funds, including the First Eagle Overseas, Global, U.S. Value Funds as well as the offshore funds, inclusive of the Sofire Fund Ltd. Similarly, he was responsible for covering the oil and gas, media, real estate, financial services, and retail industries on a global basis, as well as companies within the United Kingdom, Germany, and Japan. Moreover, Mr. Malafronte was responsible for covering the larger names within the portfolio such as Pargesa Holdings, ConocoPhillips, Petroleo Brasileiro, SK Corp., News Corp., Dow Jones, and Comcast.


Prior to the First Eagle Funds, Mr. Malafronte worked for nine years as a Portfolio Manager at Oppenheimer & Close, a dually-registered broker dealer and investment adviser; an adviser on three domestic hedge funds, one offshore partnership and a registered investment adviser and broker dealer. While at Oppenheimer & Close, Mr. Malafronte assisted in the launch of a domestic hedge fund in 1996 and an offshore partnership in 1998. Mr. Malafronte was responsible for all facets of portfolio management for the investment partnerships, including idea generation, in-depth research, and stock selection. In addition to that, he was also responsible for hiring and training both operations staff and research analysts.


Mr. Malafronte earned his bachelor’s degree in Finance from Babson College.

Board of Directors

Steve Beard
Steve Beard
Chairman and Chief Executive Officer
William Burke
William W. Burke
President and Founder, Austin Highlands Advisors, LLC.
Donna Hrinak
Donna J. Hrinak
U.S. Ambassador (ret.)
Georgette Kiser
Georgette Kiser
Operating Executive, The Carlyle Group
Liam Krehbiel
William "Liam" Krehbiel
Founder and Chief Executive Officer, Topography Hospitality, LLC.
Sharon O'Keefe
Sharon O'Keefe
Retired President, University of Chicago Medical Center
Ken Phelan
Kenneth J. Phelan
Retired Chief Risk Officer, U.S. Department of Treasury
Lisa Wardell
Lisa Warner Wardell
Former Chairman and CEO, Adtalem Global Education
Betty Vandenbosch
Betty Vandenbosch
Strategic Advisor

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