Founder, TWV Capital Management and Texas Women Ventures
Carol Nichols is a corporate director and NACD Board Leadership Fellow with experience in finance, energy, venture capital, risk management, government regulations, strategic planning, and impact investing. Carol has led the creation of multiple business units and new strategies inside several global financial institutions. Carol is known as an exceptional collaborator and developer of talent. She has over 25 years of corporate experience, over 15 years of board experience with for-profit and not-for-profit companies, and is a SEC “Financial Expert.”
Carol’s board experience includes director, and member of the audit committee for PonyUp Technologies, Inc. which provides diagnostics for equine health and conditioning. In addition, she is on the board and serves on the finance and compensation committees of DxUpClose, Inc. a diagnostic company focused on infectious diseases. From 2009 – 2012, she served on the board of Texas Women Ventures – Side, a Sustainable Investment fund investing in technology, service, and construction companies. In 2007 and 2009, she served on the board of J.O.Y Foods, a privately held, food manufacturing company with operations in the U.S. and the Middle East. In addition, Carol served on the Advisory Board of the North Texas Opportunity Fund, a “double bottom-line” private equity fund designed for social impact, in 2002-2005. Carol’s not-for- profit board experience includes her current role as the President and Chairman of the Board of the Texas Horse Park Foundation, former director of the Dallas Chamber of Commerce and former board member of Springboard Enterprises.
Carol has been a corporate executive at Capital One Bank, Bank of America, and JPMorgan Chase. Carol is known as the “go to executive” creating and establishing new business lines, implementing risk management guidelines, leading financial turn arounds, integrating and merging business units, and developing strategies for transformational growth. Capital One Bank recruited Carol to lead the Commercial Banking Division in North Texas. Capital One, as a new entrant to the Texas market, wanted an experienced and respected leader to grow and develop its brand in this important high-growth region. Carol recruited an experienced team, provided leadership and sales strategies for successful growth in a highly competitive market. Prior to joining Capital One Bank, Carol was an FDIC Consultant. She was selected to provide oversight and leadership to various teams of Asset Managers and manage bank assets up to $26 billion in Alabama, California, Florida, and Michigan. Management of the Bank assets included financial analysis of loan portfolios, evaluation of risks and implementing appropriate strategies to maximize recovery of value.
Carol’s career has also included executive management roles at both Bank of America and JPMorgan Chase. Carol was Bank of America’s Regional Executive for the Central Region of the US, accountable for teams of bankers and a portfolio of clients in 9 states and $5 billion of assets. As a result of Carol’s leadership in the financial evaluation of the portfolio and the establishment of risk management protocols, the Credit Quality Rating for the department improved from “Poor” to “Outstanding” and the region achieved a #1 ranking in Customer Satisfaction in 2005. At JPMorgan Chase, Carol was the Texas Executive for Small Business with responsibility for 10 Team Leaders and over 100 bankers and $100 million of revenue. For two consecutive years, she led the Texas Region Team to a #1 ranking in new customer growth and relationship expansion. Carol’s extensive banking career included her appointments to re-engineer and re- vitalize various product groups at Chase.
Carol has been recognized as a “Woman Leading Greater Good” by the Alliance of Greater Works, she was selected as the inaugural “Financial Literacy Champion” by the Consumer Credit Counseling Center of Dallas, and named one of the “Great Women of Texas” by the Fort Worth Business Journal.
Carol earned a Wharton Executive Education Certificate for “Boards that Lead: Corporate Governance that Builds Value.” She is a member of the National Association of Corporate Directors, the Institute for Excellence in Corporate Governance, and Women Corporate Directors. Carol holds an MBA from Tulane University and a BA in Economics and Political Science from the University of Georgia. She is a native of Austin, Texas and resides in Dallas.