William U. Parfet
chairman and chief executive officer
William U. Parfet is Chairman and Chief Executive Officer of Northwood Group. He also serves as Executive Chairman of inviCRO, a leading Boston headquartered global provider of imaging-based service solutions and image analysis software for the pharmaceutical and prescription drug development industry.
He founded MPI Research, a global preclinical research organization headquartered in Mattawan, Michigan in November 1995. Mr. Parfet served as Chairman and CEO until December 2015.
From 1993 to 1996, Mr. Parfet served as the president and CEO of Richard-Allan Medical, headquartered in Richland, Michigan, a worldwide manufacturer of surgical products.
Prior to that, he served as Vice Chairman of the Board of The Upjohn Company where he was also President (1991-1993) and Executive Vice President (1989-1991). Mr. Parfet joined The Upjohn Company (now recognized as Pfizer) in March 1973 and was a member of the Board of Directors from 1985 through 2003.
Mr. Parfet currently serves on several boards including Lead Independent Director of Stryker Corporation, Chairman of Lake Forest College, and Chairman of Southwest Michigan First (economic development). He serves as Director for the Monsanto Company, Taubman Centers, College for Creative Studies, Business Leaders for Michigan, and Kalamazoo Institute of Arts.
Previously he has served as Trustee for the Financial Accounting Foundation, the group that oversees the Financial Accounting Standards Board (FASB) and was a member of the Emerging Issues Task Force (EITF). He also served as the Commissioner for the Michigan Department of Natural Resources and as the National Chairman for Financial Executives International (FEI) for which he was inducted into the FEI Hall of Fame in 2013.
Mr. Parfet received his BA in economics in 1970 from Lake Forest College and his MBA in international finance from the University of Michigan in 1972. He and his wife, Barbara, live in Kalamazoo, Michigan. They have six children and nine active grandchildren who live in Michigan, Colorado, and California. Bill enjoys boating, collects old cars, and is an avid duck hunter.