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Name And Title: Lloyd Chatfield, vice president, general counsel and secretary Age: 39 Anchors Aweigh: Fun and profit have been the Brunswick Corp. way of business since shortly after the company was founded in 1845. Founder and company namesake John Moses Brunswick set out to manufacture carriages but quickly found more promise in pool tables, then available only from Europe. The Lake Forest, Ill., company remains closely associated with billiards as well as with bowling � it operates 100 massive bowling centers. But its main business nowadays is the manufacture of pleasure boats and marine engines. Brunswick brands on the water include Sea Ray, Bayliner, Boston Whaler, Lund and Hatteras. The company’s marine engines range from 40 to 300 horsepower under nameplates including Mercury and Mariner. About 80% of the nearly $6 billion in annual sales is related to the boat business. Route To Present Position: Chatfield went to work as an associate at Stites & Harbison in Lexington, Ky., following graduation from the University of Kentucky College of Law in 1993. He remained with the practice until 1997, when he went in-house at Crompton Corp., a specialty chemicals manufacturer. “The chemical business is a great training ground for in-house attorneys because the business is so complicated and fraught with legal issues of every color and stripe,” he said. Chatfield’s boss at Crompton, Dustan E. “Dusty” McCoy, moved to Brunswick as general counsel and Chatfield soon followed. “Once I did my research on Brunswick, I let him know I’d be very interested in coming over to work for him. I was really attracted to Brunswick by the suite of products. My dad was a bit of pool shark in southern Ohio and we’ve been boat people in my family for years. We’ve owned Sea Ray boats for decades. When I realized that Brunswick pool tables and Sea Ray boats were made by the same company it was a match made in heaven for me.” McCoy brought Chatfield aboard in 2000 as chief legal counsel in the Bayliner Marine division. In 2001, Chatfield was named assistant general counsel at Brunswick corporate headquarters. He served as vice president and general counsel at Brunswick Bowling and Billiards from 2003 to 2005 and as general counsel for the Brunswick European Group from 2005 to 2007. Earlier this year, he was named deputy general counsel and assistant secretary, and was promoted to general counsel in July. “I’d love to say it was a master plan to develop the perfect career at Brunswick,” Chatfield said, “but a lot of it was luck and openings that came along at the right time.” Legal Team And Outside Counsel: Brunswick has a lean legal staff of 12 attorneys, including the general counsel to the four divisions. “What we do internally revolves around business and commercial law,” Chatfield said. “We have a fairly vanilla portfolio of litigation. We have avoided big litigation, partly because of great products and partly due to good lawyering.” For general commercial and mergers and acquisitions work, Brunswick turns to three major firms: Chicago-based Mayer Brown and the Chicago offices of Sidley Austin and New York-based Kelly Drye & Warren. International work goes to Baker & McKenzie. “What we can do as in-house lawyers that outside lawyers really can’t deliver is knowing the business, identifying the risks that are coming and finding a way to fix the roof while the sun is shining,” Chatfield said. “The outside people are geared to the big litigation, the big project, the big deal. The more routine or the smaller the matter is, the more difficult it is for the outside firm to have the value proposition, especially � and you can put this in bold type � with the ridiculous associate salaries they are starting to pay.” Daily Duties: Chatfield reports to McCoy, the chairman and chief executive officer who has been his boss for much of his legal career. “It is very interesting to have a former attorney for a boss,” he said. “When your boss is an attorney you can communicate with him or her in a very efficient way, and they are able to say what they expect from legal in a very effective way.” Despite the executive responsibilities that come with the promotion, Chatfield remains a lawyer who loves the practice of law. “Every day people walk into my office with a regulatory question or a contract question, a strategic question. I still practice law every day and I don’t want to stop.” Chatfield has worked in every division of Brunswick but sees the company in a new way now that he is general counsel. “Brunswick is becoming more and more global every year,” he said. With nearly half of its business outside the United States, “we need to develop a strategic plan for how we meet the legal needs of the international business teams.” Personal: Chatfield and his wife, Shelly, a former assistant U.S. attorney in Kentucky turned full-time mother, have three children: Lloyd, 11; Jake, 10; and Lauren, 7. “I am an avid boater, an avid billiards player. I like to fish. I like sports and I spend a lot of time with my family traveling and getting on the water whenever we can.” Last Book And Movie: The Goal, by Eliyahu M. Goldratt and Jeff Cox, and Underdog.

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