Cerberus Capital Management

Cerberus Acquires Calspan’s Hypersonics and Test Systems Business Units from TransDigm and Forms North Wind, a Leading Independent Supplier of Hypersonic Test Infrastructure, Systems and Services

Retrieved on: 
Jeudi, mai 30, 2024
Other Professional Services, Aerospace, Manufacturing, Government Technology, Finance, Consulting, Professional Services, Defense, Asset Management, Air, Military, Transport, Logistics, Supply Chain Management, Data Analytics, Engineering, Organization, TransDigm Group, Cerberus Capital Management, RDT, Senior, System, Acquisition, Research, Laboratory, United

Cerberus Capital Management, L.P. (together with its affiliates, “Cerberus”), a global leader in alternative investing, today announced that it has acquired Calspan’s hypersonic and defense test systems business units from TransDigm Group (NYSE: TDG).

Key Points: 
  • Cerberus Capital Management, L.P. (together with its affiliates, “Cerberus”), a global leader in alternative investing, today announced that it has acquired Calspan’s hypersonic and defense test systems business units from TransDigm Group (NYSE: TDG).
  • In acquiring Calspan Aero Systems Engineering and Calspan Systems, Cerberus has established North Wind, an independent business centrally focused on the advancement of the United States’ hypersonic test capability through ground-based facility design, build and operations, testing, and analysis.
  • Enabling the U.S. to meet the great need for hypersonic capabilities, North Wind is an important investment.
  • Stephanie Mumford, President of Calspan Systems since 2016, will serve as President of the North Wind Systems business unit headquartered in Newport News, Virginia.

Cerberus Acquires Controlling Interest in Leading Government Aviation Services Provider M1

Retrieved on: 
Mardi, mai 28, 2024
Aerospace, Manufacturing, Professional Services, Air, Transport, Military, Government Technology, Other Defense, Logistics, Supply Chain Management, Defense, Finance, Aviation, Investment, Safety, Cerberus Capital Management, MRO, DynCorp, Leonardo DRS, Senior, Growth, Science Applications International Corporation, Unitary state, Government

Cerberus Capital Management, L.P. (together with its affiliates, “Cerberus”), a global leader in alternative investing with a dedicated investment platform focused on supply chain integrity and national security, today announced that it has acquired a controlling interest in M1 Support Services (“M1” or the “Company”).

Key Points: 
  • Cerberus Capital Management, L.P. (together with its affiliates, “Cerberus”), a global leader in alternative investing with a dedicated investment platform focused on supply chain integrity and national security, today announced that it has acquired a controlling interest in M1 Support Services (“M1” or the “Company”).
  • Founded in 2003, M1 is a premier provider of aircraft Maintenance, Repair, and Overhaul (MRO), modification, flight training, logistics support, and supply chain management services to the U.S. Government for critical military aircraft and aviation programs.
  • In connection with the transaction, George Krivo, long-time aerospace and defense industry executive, has been appointed Chief Executive Officer of M1.
  • Ms. Hildreth and Mr. Shelt said: “We are very excited about partnering with Cerberus to usher in the next chapter of growth for M1.

Elevate Textiles Names Jeffrey P. Pritchett Chief Executive Officer and Director of the Board

Retrieved on: 
Vendredi, avril 19, 2024
Elevate, Aptiv, General Motors, Senior, Cerberus Capital Management, Growth, Management

CHARLOTTE, N.C., April 19, 2024 /PRNewswire/ -- The Board of Directors of Elevate Textiles, a global provider of advanced, high-quality products and mission critical textile solutions, is pleased to announce that Jeffrey P. Pritchett will join the company as Chief Executive Officer and Member of the Board of Directors on April 23, 2024.

Key Points: 
  • CHARLOTTE, N.C., April 19, 2024 /PRNewswire/ -- The Board of Directors of Elevate Textiles, a global provider of advanced, high-quality products and mission critical textile solutions, is pleased to announce that Jeffrey P. Pritchett will join the company as Chief Executive Officer and Member of the Board of Directors on April 23, 2024.
  • "Jeff brings the right combination of leadership experience, passion and expertise to drive the next phase of growth, innovation and sustainability for all of the stakeholders at Elevate."
  • Pritchett joins Elevate with more than 25 years of multi-industry global leadership experience in both public and private companies.
  • Earlier in his career, he served as Chief Operating Officer and on the Board of Directors at Champion One LLC, Executive Vice President, Chief Financial Officer, and Head of Global Operations at InnerWorkings and held senior leadership positions at Vertis Communications, including Senior Vice President and Chief Financial Officer.

Elevate Textiles Names Jeffrey P. Pritchett Chief Executive Officer and Director of the Board

Retrieved on: 
Vendredi, avril 19, 2024
Elevate, Aptiv, General Motors, Senior, Cerberus Capital Management, Growth, Management

CHARLOTTE, N.C., April 19, 2024 /PRNewswire/ -- The Board of Directors of Elevate Textiles, a global provider of advanced, high-quality products and mission critical textile solutions, is pleased to announce that Jeffrey P. Pritchett will join the company as Chief Executive Officer and Member of the Board of Directors on April 23, 2024.

Key Points: 
  • CHARLOTTE, N.C., April 19, 2024 /PRNewswire/ -- The Board of Directors of Elevate Textiles, a global provider of advanced, high-quality products and mission critical textile solutions, is pleased to announce that Jeffrey P. Pritchett will join the company as Chief Executive Officer and Member of the Board of Directors on April 23, 2024.
  • "Jeff brings the right combination of leadership experience, passion and expertise to drive the next phase of growth, innovation and sustainability for all of the stakeholders at Elevate."
  • Pritchett joins Elevate with more than 25 years of multi-industry global leadership experience in both public and private companies.
  • Earlier in his career, he served as Chief Operating Officer and on the Board of Directors at Champion One LLC, Executive Vice President, Chief Financial Officer, and Head of Global Operations at InnerWorkings and held senior leadership positions at Vertis Communications, including Senior Vice President and Chief Financial Officer.

FirstKey Homes Announces Leadership Transition

Retrieved on: 
Mardi, avril 16, 2024
The Home Depot, Armstrong World Industries, Risk, General Electric, GE Capital, HD Supply, Growth, Entrepreneurship, Cerberus Capital Management, Lehman Brothers, Management

MARIETTA, Ga., April 16, 2024 /PRNewswire/ -- FirstKey Homes, LLC ("FirstKey Homes" or the "Company") announced today that Colleen Keating will step down as Chief Executive Officer.

Key Points: 
  • MARIETTA, Ga., April 16, 2024 /PRNewswire/ -- FirstKey Homes, LLC ("FirstKey Homes" or the "Company") announced today that Colleen Keating will step down as Chief Executive Officer.
  • In his role as Executive Chairman, Chan will work closely with FirstKey Homes' leadership team to oversee all strategic and operational aspects of the business.
  • "FirstKey Homes is proud to be a leader in delivering exceptional offerings to individuals and families across the United States," said Chan.
  • Brendan Garvey, also a Board member of FirstKey Homes since its inception, is Co-Founder and President of Cerberus' Residential Opportunities platform, and one of FirstKey Homes' founding members.

Don McKenzie appointed Chief Executive Officer of The Imagine Group

Retrieved on: 
Mardi, mars 12, 2024
Cerberus, Cerberus Capital Management, Dotti, Communication, Chairperson, History, Investment, Patent, Management

MINNEAPOLIS, March 12, 2024 (GLOBE NEWSWIRE) -- The Imagine Group (“Imagine” or the “Company”), a leading provider of visual communications, today announced that Don McKenzie has been appointed Chief Executive Officer, effective immediately.

Key Points: 
  • MINNEAPOLIS, March 12, 2024 (GLOBE NEWSWIRE) -- The Imagine Group (“Imagine” or the “Company”), a leading provider of visual communications, today announced that Don McKenzie has been appointed Chief Executive Officer, effective immediately.
  • McKenzie has been Chair of the Board since 2021 and assumed the role of Acting CEO in September of 2023.
  • With more than 35 years of relevant industry experience, McKenzie is a transformational leader who has served as President, CEO, advisor, and board member of private, private equity-backed, and public companies.
  • “Imagine is an exceptional company, with amazing clients, a strong talent base, and a market-leading manufacturing and technology infrastructure.

Enterprise Community Development Announces Janine Lind as President

Retrieved on: 
Mercredi, mars 20, 2024
Cerberus, Marylhurst University, Community development, Harvard Kennedy School, Policy, Capital, American College, Housing, Cerberus Capital Management, Enterprise Community Partners, Marketing, ECD, National Apartment Association, Management

SILVER SPRING, Md., March 20, 2024 /PRNewswire/ -- Enterprise Community Development, Inc. (ECD), a leading non-profit owner and developer of affordable homes in the Mid-Atlantic and an affiliate of Enterprise Community Partners (Enterprise), today announced the appointment Janine Lind as its new president starting April 29.

Key Points: 
  • SILVER SPRING, Md., March 20, 2024 /PRNewswire/ -- Enterprise Community Development, Inc. (ECD), a leading non-profit owner and developer of affordable homes in the Mid-Atlantic and an affiliate of Enterprise Community Partners (Enterprise), today announced the appointment Janine Lind as its new president starting April 29.
  • Lind will lead Enterprise Community Development's $1.4B portfolio of 115 communities serving 24,000 residents.
  • office, Lind will lead the Community Development division's high-impact residential development, preservation, asset and property management, and resident services work and its $1.4 billion portfolio of 115 communities serving 24,000 residents.
  • "Janine's experience and dedication to mission-focused housing organizations make her a clear choice to lead our Community Development division and to help make home and community places of pride and belonging," said Shaun Donovan, president and CEO of Enterprise Community Partners.

HF Foods Appoints Felix Lin as President of the Company

Retrieved on: 
Vendredi, février 9, 2024
Cerberus, Manufacturing operations, Corporation, Human resources, Cerberus Capital Management, Accounting, LLP, Blue Bird Corporation, Management

LAS VEGAS, Feb. 09, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants throughout the United States (“HF Foods”, or the “Company”), is pleased to announce the appointment of Mr. Xi Lin (aka Felix Lin) as President of the Company, in addition to his current role as the Company’s Chief Operating Officer, effective February 12, 2024.

Key Points: 
  • LAS VEGAS, Feb. 09, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants throughout the United States (“HF Foods”, or the “Company”), is pleased to announce the appointment of Mr. Xi Lin (aka Felix Lin) as President of the Company, in addition to his current role as the Company’s Chief Operating Officer, effective February 12, 2024.
  • Mr. Lin has served as the Company’s Chief Operating Officer since May 1, 2022.
  • Peter Zhang, CEO of HF Foods added: “I am pleased to announce that Felix Lin, Chief Operating Officer, will assume the additional role of President for HF Foods.
  • As President and Chief Operating Officer of HF Foods, Felix will lead the cross-functional collaboration internally in achieving our strategic business objectives.

Untether AI Enters 2024 Positioned for Growth

Retrieved on: 
Jeudi, janvier 4, 2024
Mobile, Wireless, Technology, Semiconductor, Telecommunications, Software, Networks, Internet, Electronic Design Automation, Data Management, Artificial Intelligence, Cloud, Cerberus, Architecture, Google Cloud, Computer science, Cerberus Capital Management, Multimedia, Computer engineering, Engineering, Intel, Head, Project Athena, University, AI, Machine learning, Socs, Generative, Doctor of Philosophy, Growth, Corporation, Intelligence, Acceleration, Intel Capital, Senior, Management

Untether AI ®, the leader in energy-centric AI acceleration technology, today announced Board of Directors and senior leadership appointments as it enters a new phase of growth.

Key Points: 
  • Untether AI ®, the leader in energy-centric AI acceleration technology, today announced Board of Directors and senior leadership appointments as it enters a new phase of growth.
  • View the full release here: https://www.businesswire.com/news/home/20240104033093/en/
    Mr. Walker joined Untether AI as President in 2023 from Intel Corporation, where he was Corporate Vice President and General Manager.
  • "I send my heartfelt congratulations to Chris as he leads Untether AI into their next stage of growth in architecture."
  • “The rise of AI compute workloads requires a radical re-thinking of how compute is done, which is what Untether AI is pioneering with its energy efficient, scalable solution for AI applications,” said Dr. Salek.

Comscore Lead Director Brent Rosenthal to Retire from the Board and Not Stand for Re-election at the 2024 Annual Meeting

Retrieved on: 
Vendredi, décembre 29, 2023
Cerberus, Cerberus Capital Management, Rentrak, WPP, Human, Charter Communications, Investment, Management

RESTON, Va., Dec. 29, 2023 /PRNewswire/ -- Comscore, Inc. (Nasdaq: SCOR) ("Comscore" or the "Company") announced today that its Lead Director, Brent Rosenthal, who stepped down as non-executive Chairman of the Board in 2022, will retire from the Board and not stand for re-election at the Company's 2024 annual meeting of stockholders. The Company plans to nominate Chief Executive Officer Jon Carpenter to join the Board in 2024.

Key Points: 
  • RESTON, Va., Dec. 29, 2023 /PRNewswire/ -- Comscore, Inc. (Nasdaq: SCOR) ("Comscore" or the "Company") announced today that its Lead Director, Brent Rosenthal, who stepped down as non-executive Chairman of the Board in 2022, will retire from the Board and not stand for re-election at the Company's 2024 annual meeting of stockholders.
  • The Company plans to nominate Chief Executive Officer Jon Carpenter to join the Board in 2024.
  • Mr. Rosenthal has served Comscore and its affiliated companies for more than 15 years.
  • We wish him well on his future endeavors," concluded Brian Wendling, who was designated to the Board by Liberty Broadband.