CEO, The SASB Foundation


Madelyn Antoncic, PhD, has held leadership and management roles for over 30 years in large, complex, global financial institutions in both the private and public sectors.  A former World Bank official, Ms. Antoncic is internationally known for fostering financial innovation and she is widely recognized for her leadership and expertise on sustainable finance, risk management and governance.

As Chief Executive Officer, Ms. Antoncic is a member of the SASB Foundation Board and is responsible for setting the overall enterprise strategy and the oversight of all staff, programs, and activities of SASB to achieve its mission, goals, and objectives. She is responsible for leading the pursuit of global business development opportunities and facilitating global adoption of the standards through the development and maintenance of collaborative opportunities. As the primary external voice for SASB, Ms. Antoncic is responsible for maintaining a strong global presence, representing the interests of SASB and the sustainable accounting standards field to potential corporate users, investors, legislatures, regulators, organizations, and other key stakeholder groups.

Prior to joining SASB, Ms. Antoncic served as Executive Director and a member of the Operating Committee of Principal Global Investors, a global asset management company. From 2011-15 Ms. Antoncic served as Vice President and Treasurer of the World Bank where she was responsible for overseeing every aspect of managing $145 billion in assets including the WBG’s pension plans, as well as its derivatives portfolio, annual funding program and technical assistance programs engaging with member countries, among other things. While at the World Bank, Ms. Antoncic was widely credited with fostering financial innovations to address member countries’ vulnerabilities and financing needs created by climate-related catastrophic risk events and other non-market risk events.

Ms. Antoncic also has held a variety of leadership roles with major global private sector financial institutions, including Goldman Sachs, Barclays Capital and Lehman Brothers. Ms. Antoncic began her career as an economist at the Federal Reserve Bank of New York.  Ms. Antoncic holds a PhD in economics with a minor in finance from NYU Stern School and is a recipient of numerous awards including the Fulbright Scholars Award for International Cooperation; the National Partnership for Women and Families Award; the Risk Manager of the Year Award from Risk; and was named among the 100 Most Influential People in Finance by Treasury and Risk Management.

Ms. Antoncic is a member of the Board of Directors of S&P Global Ratings and Fin Tech Acquisition Corp III and serves on the Board of Overseers of Weill Cornell Medicine.



Matthew Welch has dedicated his career to leading mission-based organizations through the challenges of achieving growth, scale, and self-sufficiency. His work experience spans government, nonprofit, and for-profit sectors, and he has led teams in entering new markets, launching products and programs, and increasing the efficiency and effectiveness of operations.

As President, Mr. Welch works with the CEO to develop the organization’s strategic objectives and then leads the staff in implementing them. He oversees the day-to-day operations that support the Sustainability Accounting Standards Board and the SASB Foundation and he works closely with the CEO on fundraising and commercial activities.

Mr. Welch has broad experience in strategy, operations, and product development, developed through senior roles at Kaplan Test Prep, Kaplan K12 Learning Services, Junyo, Teachscape, and The Rotary Foundation. Years of experience with education programs, software and data products, and research studies give Mr. Welch a good background for equipping the market with offerings that support education and use of the SASB standards.

Mr. Welch holds a BA from Grinnell College and an MPA in management and public policy from Columbia University. He is member of the Grinnell College Board of Trustees, where he has served on the Finance and Development Committees. He currently chairs the Academic Affairs Committee.


Bryan Esterly, CFA
Director of Research – Standards


As the Director of Research – Standards, Bryan Esterly guides the Research Staff’s development of the 77 SASB industry-specific standards, including collaborating with Standards Board in its reviews and approvals of the standards. His role is centered on supporting the Staff’s research and engagements with industry and investors in order to that drive the standardization of financially material sustainability information in corporate reporting for investors. Prior to SASB, Mr. Esterly worked in the financial risk management industry, most recently serving as Vice President with Aon’s Financial Services Group.

David Parham
Director of Research – Projects


As the Director of Research – Projects, David Parham is responsible for developing and managing the Research team’s strategic plan, establishing and overseeing research projects and practice areas, and managing internal interfaces between the research team and other departments.  His role is centered on supporting the identification, prioritization, and management of Research projects that further the SASB’s mission to establish and maintain disclosure standards that facilitate communication by companies to investors of decision-useful information.  Prior to joining SASB, Mr. Parham worked as a process engineer in the energy industry, holding roles in research and development, major capital project design, and production operations.



Director of Capital Markets Policy and Outreach


Janine Guillot is the Director of Capital Markets Policy and Outreach at SASB, where she leads outreach to investors to support demand for standardized disclosure of material sustainability factors. Ms. Guillot has more than 25 years of experience in operating, strategy, risk management and finance roles in financial services. She served as Chief Operating Investment Officer for the California Public Employees’ Retirement System (CalPERS), where she was responsible for CalPERS investment office business and operational management, CalPERS affiliate funds and CalPERS defined contribution plans. Ms. Guillot also oversaw the CalPERS corporate governance program, including integration of sustainability and governance factors into investment decision-making. She has held senior leadership positions at Barclays Global Investors, Bank of America and Incapture LP. At Barclays Global Investors, she served as Chief Operating Officer for BGI’s European and Global Fixed Income businesses. She began her career in public accounting.

Ms. Guillot holds a bachelor’s degree in Business Administration with a concentration in accounting from Southern Methodist University. She is a member of the Board of Directors of the Marin Agricultural Land Trust and Equilibrium Capital. She serves on the Senior Advisory Board at the Center for Responsible Business at UC Berkeley’s Haas School of Business, on B Lab’s Multinational and Public Markets’ Advisory Council, and on the FDIC’s Systemic Resolution Advisory Committee.

Director of Investor Outreach


Katie Schmitz Eulitt joined SASB at its inception and now serves on SASB’s Capital Markets Policy and Outreach team, cultivating awareness of SASB standards and tools among investors. She co-manages SASB’s Investor Advisory Group and also curates and edits ESG Integration Insights, an ongoing series of case studies examining the use of SASB tools by investors across asset classes, markets, and investment strategies.

Ms. Schmitz Eulitt’s career encompasses over 25 years of international sustainability experience across a broad range of industries, including; finance; oil & gas; renewable energy; water purification in developing markets, and; forestry and watershed management.

She holds a bachelor’s degree in Japanese from the University of California, Berkeley, an MBA from l’Institut Européen d’Administration des Affaires (INSEAD) in Fontainebleau, France, and an executive certificate in sustainability from the Presidio Graduate School in San Francisco. Ms. Schmitz Eulitt serves as a judge of the UC Berkeley’s Big Ideas at Berkeley annual competition.

Director of Legal and Regulatory Policy


Mr. Riesenberg is the Director of Legal and Regulatory Policy at SASB.  He is the former Deputy General Counsel of Ernst & Young LLP responsible for regulatory matters, primarily involving the U.S. Securities and Exchange Commission and the Public Company Accounting Oversight Board.  Mr. Riesenberg worked at EY from 1993 to 2013 where he was extensively involved in the major legislative and regulatory developments affecting the accounting profession.  Previously he served for seven years as an Assistant General Counsel at the SEC, where he handled courts of appeals and Supreme Court litigation and international legal matters.  He was the recipient of the SEC’s Manuel F. Cohen Outstanding Younger Attorney Award in recognition of his handling of several significant SEC enforcement cases.  He also worked as a law clerk for a federal district court judge in Washington, D.C., as a litigator at the U.S. Department of Justice Lands and Natural Resources Division, and as an associate at the law firm of Arnold & Porter in Washington, D.C.

Mr. Riesenberg graduated from the New York University School of Law, where he was a member of the Law Review and a Root-Tilden Scholar, and received a bachelor’s degree from Oberlin College, where he graduated with honors and was elected to Phi Beta Kappa.  He is a former chair of the Law and Accounting Committee of the American Bar Association, former president of the Association of SEC Alumni, former treasurer of the SEC Historical Society, and a current member of the Advisory Board of the BNA Securities Regulation and Law Report.  For seven years he was an adjunct professor of securities law at the Georgetown University Law Center.  He serves on the boards of several nonprofit organizations, including the D.C. Jewish Community Relations Council, the United Nations Association of the National Capital Area, and the Washington Tennis & Education Foundation.

Mr. Riesenberg’s position with SASB is funded through a secondment arrangement with Ernst & Young.

Director of NGO Outreach


Sonal Pandya Dalal brings over two decades of experience in building public-private partnerships among leading NGOs, corporations, and thought leaders.

Ms. Dalal joined SASB after having served in leadership positions at Facebook and Conservation International. At Facebook, Ms. Dalal vetted and managed engagement opportunities with NGOs and industry associations in support of the company’s sustainability goals. She also oversaw Facebook’s efforts to launch the Renewable Energy Buyers Alliance (REBA), alongside leading NGOs and corporations. The initiative earned the C.K. Prahalad Award for Global Business Sustainability Leadership in 2017. At Conservation International, she oversaw the Business and Sustainability Council, a forum for corporate leaders taking positive environmental actions in their businesses.

Ms. Dalal holds a B.A. in Biology from Drew University and a M.S. in Conservation Biology and Sustainability Development from the University of Maryland, College Park. She serves on the Board of Trustees for the School for Field Studies.


Education and Partnerships

Director of Education and Partnerships


Nicolai Lundy is the Director of Education and Partnerships, where he identifies opportunities for professionals in finance, investment analysis, and sustainability to benefit from SASB’s research on material ESG factors across 77 industries. In doing so, he oversees SASB’s membership, conference, and education programs as well as licensing and the SASB Navigator. Before joining SASB in 2013, Mr. Lundy had business development and operations roles in the private sector and higher education. He holds a BA from Emory University.



Director of Advancement


As the Director of Advancement at SASB, Anne Marie Fell supports SASB’s donor relationships, with a focus on major gifts. Ms. Fell’s career spans 20+ years in philanthropy. Most recently, she led grant-making at Credit Suisse Americas Foundation. In this role, she also supported the Bank’s Corporate Citizenship efforts in the region. Prior to grant-making, Ms. Fell distinguished herself as a fundraiser in several NYC nonprofits including Prep for Prep and Doe Fund.

Major Gifts Officer


Blaine Pedlow works to create partnerships with individual donors looking to support the mission and vision of SASB. He is drawn to working with SASB through his background in environmental science and a belief in the potential of transparent markets to help drive greater sustainability.

Prior to joining SASB, Mr. Pedlow has worked in university development at Stanford University and, most recently, University of California, Berkeley, his alma mater. He is an avid sailor and competes internationally in a variety of classes.



Director of Finance and Operations


Jori Hayner is the Director of Finance and Operations, working to optimize use of Foundation resources. In this role, she oversees the budget process and develops and maintains models to forecast sales, expenses, and cash flow. She seeks to improve efficiency and effectiveness of operations, including managing HR and other functions. Ms. Hayner brings over 20 years of consulting, finance, and operations experience in a variety of industries to her role at SASB. She holds a BA in Economics from Claremont McKenna College and completed graduate studies in Environmental Management at the Australian National University.



Director of Technology


Madhu Mathew is the Director of Technology for SASB. In this role, he leads the technology initiatives that supports SASB’s standards research, stakeholder engagement, and market adoption of SASB standards. Mr. Mathew has over 15 years of experience in Technology. Before joining SASB, he worked as a Technology Strategy Consultant at Accenture. Prior to Accenture he led technology initiatives at Caterpillar, Inc. Mr. Mathew holds an MBA from the Kellogg School of Management at Northwestern University.


SASB Research Staff

GAIL GLAZERMAN, CFA – Sector Analyst, Renewable Resources & Alternative Energy

ANTON GORODNIUK, CFA – Sector Analyst, Financials


SONYA HETRICK – Sector Analyst, Services, Transportation

TAYLOR REED – Sector Analyst, Consumer Goods

MARVIN SMITH – Stakeholder Outreach Manager

LYNN XIA – Sector Analyst, Food & Beverage

SASB Foundation Staff

REBECCA BAR – Membership & Engagement Manager

SAMANTHA BARNES – Development & Revenue Manager

JEFF COHEN – Institutional Product Strategist

PETER CORCORAN – Graphic Designer

ALEX DAVIDSON – Marketing Manager

ROMMIE JOHNSON – Communications Manager – Strategic Content Production & Marketing

PETER KIM – Investor Relations Assistant

ELLEN MONROE – Project Associate

CARRIE PHILLIPS – Development Associate

WHITNEY POLLACK – Foundation Support Associate

KHOI VO – Technology Operations Manager

STEN WHITE – External Communications & Representation Manager