|Peter T. Grauer|
Peter Grauer in 2012
|Alma mater||University of North Carolina at Chapel Hill
Harvard Business School
|Occupation||Chairman Bloomberg L.P.|
Peter T. Grauer (born 1945) is an American businessman and entrepreneur. He has been a member of the Bloomberg L.P. Board since October 1996 and was named chairman of the Board in March 2001 succeeding Michael Bloomberg. Grauer joined Bloomberg full-time in his executive capacities in March 2002. Prior to becoming a member of Bloomberg L.P. in 1996, Grauer was the founder of DLJ Merchant Banking Partners and Investment. He also currently serves as the lead independent director of the health-care services firm, DaVita, Inc.
Personal life and education
Grauer was born in Philadelphia, PA in 1945. He graduated from the University of North Carolina at Chapel Hill in 1968 with a Bachelor's Degree in English, and Harvard University Graduate School of Business, Program for Management Development in 1975. Prior to Chapel Hill, Peter graduated from Hotchkiss school.
Grauer is a member of the Board of Trustees of the University of North Carolina at Chapel Hill and Chairman of the External Advisory Board of the Undergraduate Honors Program, as well as a member of the University of North Carolina at Chapel Hill Foundation Board and the UNC Global Research Institute Board. Additionally, Grauer is the former President of the Pomfret School Board of Trustees.
Grauer is also a member of the Board of the USA Cycling Development Foundation and a member of the Board of the Prostate Cancer Foundation. He also serves as President of the Board of Trustees of the Inner City Scholarship Fund in New York City.
Prior to his time at Bloomberg L.P., Grauer was the managing director and senior Partner of the investment bank Donaldson Lufkin & Jenrette from 1992 to 2000, when DLJ was acquired by Credit Suisse First Boston. He was also the founder of DLJ Merchant Banking Partners and DLJ Investment Partners. Grauer has been a director of DaVita, Inc. a Colorado-based healthcare company since 1994 and the lead independent director since 2003.
Grauer met the Founder of Bloomberg L.P., Michael Bloomberg, during equestrian shows both their daughters participated in. It was not until 1996 that Grauer was asked to become a member of the Bloomberg L.P. board of directors where he was later named Chairman of the Board in March 2001, succeeding Michael Bloomberg.
Despite the economic downturn in 2007, Grauer has been credited with bolstering the workforce at Bloomberg L.P., adding nearly 1,000 employees in 2009. Additionally, while Chairman of Bloomberg L.P, Grauer led the company to purchase BusinessWeek from McGraw-Hill being quoted as saying he would like Bloomberg to become, ‘the most influential source of news for the financial and business community.”
In July 2011, Daniel L. Doctoroff was promoted to Bloomberg L.P.’s chief executive officer and assuming majority responsibility of the company from Peter Grauer who remains chairman and to whom Doctoroff will continue to report.
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