Board of Trustees
This page provides information about the Board of Trustees of the funds offered by John Hancock Investment Management. Members of the board provide oversight of the funds and serve the interests of fund shareholders. Officers elected by the trustees manage the day-to-day operations of the funds and execute policies formulated by the trustees. The board’s oversight extends to:
-
Fund performance
The board periodically reviews each fund’s investment performance and the quality of other services provided to the funds.
-
Fund expenses
The board reviews the fees paid to John Hancock Investment Management and our affiliates as well as the overall operating expenses of each fund.
-
Trustee administration
The board selects an independent administrative staff, auditors, and legal counsel. These groups act independently of John Hancock Investment Management and our affiliates.
Independent trustees
Hassell H. McClellan
Show more Show less
Principal occupation(s) and other directorships during the past five years
Director, the Barnes Group (2010–2021); trustee, Virtus Funds (2008–2020); associate professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and chair of the Board of Trustees (since 2017) of various trusts within the John Hancock fund complex.
Biography
As a former professor of finance and policy in the graduate management department of a major university, a director of a public company, and as a former director of several privately held companies, Mr. McClellan has experience in corporate and financial matters. He also has experience as a director of other investment companies not affiliated with the trust.
Steven R. Pruchansky
Show more Show less
Principal occupation(s) and other directorships during the past five years
Managing director, Pru Realty (since 2017); managing director, Jon James, LLC (real estate) (since 2000); chair and chief executive officer, Greenscapes of Southwest Florida, Inc. (2014–2020); director and president, Greenscapes of Southwest Florida, Inc. (2000–2014); member, Board of Advisors, First American Bank (until 2010); partner, Right Funding, LLC (2014–2017); director, First Signature Bank & Trust Company (until 1991); director, Mast Realty Trust (until 1994). Trustee (since 1992), chair of the board (2011–2012), and vice chair of the board (since 2012) of various trusts within the John Hancock fund complex.
Biography
Mr. Pruchansky has entrepreneurial, executive, and financial experience as a senior officer and chief executive of business in the retail, service, and distribution companies, and he is a current and former director of real estate and banking companies. He is a member of the Contracts, Legal, & Risk Committee.
James R. Boyle
Show more Show less
Principal occupation(s) and other directorships during the past five years
Board member, United of Omaha Life Insurance Company (since 2022); board member, Mutual of Omaha Investor Services, Inc. (since 2022); Foresters Financial, chief executive officer (2018–2022) and board member (2017–2022); Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as chief executive officer, John Hancock and senior executive vice president, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).
Biography
Mr. Boyle has high-level executive, financial, operational, governance, regulatory, and leadership experience in the financial services industry, including in the development and management of registered investment companies, variable annuities, retirement, and insurance products. Mr. Boyle is the former president and CEO of a large international fraternal life insurance company and is the former president and CEO of multi–line life insurance and financial services companies. Mr. Boyle began his career as a Certified Public Accountant with Coopers & Lybrand.
William H. Cunningham
Show more Show less
Principal occupation(s) and other directorships during the past five years
Professor, University of Texas, Austin, Texas (since 1971); former chancellor, University of Texas System and former president of the University of Texas, Austin, Texas; director (since 2006), Lincoln National Corporation (insurance); director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock fund complex (since 1986).
Biography
Mr. Cunningham has management and operational oversight experience as a former chancellor and president of a major university. He regularly teaches a graduate course in corporate governance at the law school and at the Red McCombs School of Business at The University of Texas at Austin. He also has oversight and corporate governance experience as a current and former director of a number of operating companies, including an insurance company. He is a member of the Compliance Committee.
Noni L. Ellison
Show more Show less
Principal occupation(s) and other directorships during the past five years
Senior vice-president, general counsel, and corporate secretary, Tractor Supply Company (rural lifestyle retailer) (since 2021); general counsel, chief compliance officer, and corporate secretary, Carestream Dental, L.L.C. (2017–2021); associate general counsel and assistant corporate secretary, W.W. Grainger, Inc. (global industrial supplier) (2015–2017); board member, Goodwill of North Georgia, 2018 (FY2019)–2020 (FY2021); board member, Howard University School of Law Board of Visitors (since 2021); board member, University of Chicago Law School Board of Visitors (since 2016); board member, Children’s Healthcare of Atlanta Foundation Board (2021–present).
Trustee of various trusts within the John Hancock fund complex (since 2022).
Biography
As a senior vice-president, general counsel, and corporate secretary with over 25 years of executive leadership experience, Ms. Ellison has extensive management and business expertise in legal, regulatory, compliance, operational, quality assurance, international, financial, and governance matters.
Grace K. Fey
Show more Show less
Principal occupation(s) and other directorships during the past five years
Chief executive officer, Grace Fey Advisors (since 2007); director and executive vice president, Frontier Capital Management Company (1988–2007); director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock fund complex (since 2008).
Biography
Ms. Fey has significant governance, financial services, and asset management industry expertise based on her extensive nonprofit board experience, as well as her experience as a consultant to nonprofit and corporate boards, and as a former director and executive of an investment management firm. She is a member of the Compliance Committee.
Dean C. Garfield
Show more Show less
Principal occupation(s) and other directorships during the past five years
Vice-president, Netflix, Inc. (since 2019); president and chief executive officer, Information Technology Industry Council (2009–2019); NYU School of Law Board of Trustees (since 2021); member, U.S. Department of Transportation, Advisory Committee on Automation (since 2021); president, United States Trade Advisory Council (2010–2018); board member, College for Every Student (2017–2021); board member, The Seed School of Washington, D.C. (2012–2017).
Trustee of various trusts within the John Hancock fund complex (since 2022).
Biography
As a former president and CEO of a leading industry organization and current vice-president of a leading international company, Mr. Garfield has significant global executive operational, governance, regulatory, and leadership experience. He also has experience as a leader overseeing and implementing global public policy matters, including strategic initiatives.
Deborah C. Jackson
Show more Show less
Principal occupation(s) and other directorships during the past five years
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018–2020); Board of Directors, National Association of Corporate Directors/New England (2015–2020); chief executive officer, American Red Cross of Massachusetts Bay (2002—2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock fund complex (since 2008).
Biography
Ms. Jackson has extensive leadership, governance, management, and operational oversight experience as the lead director of a large bank, president of a college, and as the former CEO of a major charitable organization. She also has expertise in financial services matters and oversight and corporate and governance experience as a current and former director of various corporate organizations, including an insurance company, regional stock exchange, a publicly traded bank, and nonprofit entities. She is a member of the Compliance Committee.
Patricia Lizarraga
Show more Show less
Principal occupation(s) and other directorships during the past five years
Founder, chief executive officer, Hypatia Capital Group (advisory and asset management company) (since 2007); independent director, Audit Committee chair, and Risk Committee member, Credicorp, Ltd. (since 2017); independent director, Audit Committee chair, Banco De Credito Del Peru (since 2017); trustee, Museum of Art of Lima (since 2009).
Trustee of various trusts within the John Hancock fund complex (since 2022).
Biography
Through her current positions as an independent board director, Audit Committee chair, and CEO of an investment advisory firm, Ms. Lizarraga has expertise in financial services and investment matters as well as operational and risk oversight. As former Governance Committee chair, Ms. Lizarraga has a strong understanding of corporate governance and the regulatory frameworks of the investment management industry.
Frances G. Rathke
Show more Show less
Principal occupation(s) and other directorships during the past five years
Director, Audit Committee chair, Oatly Group AB (plant-based drink company) (since 2021); director, Audit Committee chair, and Compensation Committee member, Green Mountain Power Corporation (since 2016); director, treasurer, and Finance & Audit Committee chair, Flynn Center for Performing Arts (since 2016); director and Audit Committee chair, Planet Fitness (since 2016); chief financial officer and treasurer, Keurig Green Mountain, Inc. (2003–retired 2015). Trustee of various trusts within the John Hancock fund complex (since 2020).
Biography
Through her former positions in senior financial roles, as a former Certified Public Accountant, and as a consultant on strategic and financial matters, Ms. Rathke has experience as a leader overseeing, conceiving, implementing, and analyzing strategic and financial growth plans and financial statements. Ms. Rathke also has experience in the auditing of financial statements and related materials. In addition, she has experience as a director of various organizations, including a publicly traded company and a nonprofit entity.
Gregory A. Russo
Show more Show less
Principal occupation(s) and other directorships during the past five years
Director and Audit Committee chair (2012–2020), and member, Audit Committee and Finance Committee (2011–2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); director and member (2012–2018), and Finance Committee chair (2014–2018), The Moorings, Inc. (nonprofit continuing care community); global vice chair, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); vice chair, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock fund complex (since 2008).
Biography
As a retired Certified Public Accountant, Mr. Russo served as a partner and global vice chair in a major independent registered public accounting firm, as well as a member of its geographic boards of directors and international executive team. As a result of Mr. Russo’s diverse global responsibilities, he possesses accounting, finance, and executive operating experience.
Non-independent trustees1
Andrew G. Arnott
Show more Show less
Principal occupation(s) and other directorships during the past five years
Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).
Paul Lorentz
Show more Show less
Principal occupation(s) and other directorships during the past five years
Global head, Manulife Wealth and Asset Management (since 2017); general manager, Manulife, Individual Wealth Management and Insurance (2013–2017); president, Manulife Investments (2010–2016).
Trustee of various trusts within the John Hancock fund complex (since 2022).
Biography
Through his position as the global head of Manulife Wealth and Asset Management, Mr. Lorentz has experience with retirement, retail, and asset management solutions offered by Manulife worldwide, enabling him to provide management input to the board.
The business address for all trustees and officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023. The "Statement of Additional Information" of the fund includes additional information about members of the Board of Trustees of the trust and is available, without charge, on request, by calling 800-225-5291.
Each trustee holds office until his or her successor is elected and qualified, or until the trustee’s death, retirement, resignation, or removal.
1The trustee is a nonindependent trustee due to current or former positions with the advisor and certain affiliates.