Daily News: September 18, 2014

Frieze Appointed CEO of Gordon Brothers Group

Gordon Brothers Group announced that, effective October 1, Kenneth S. Frieze will assume the role of CEO.

Frieze has more than 20 years of leadership experience in restructuring, consulting, brand redevelopment, appraisal and asset disposition. Frieze has held various roles at the firm since 2003, serving most recently as president. Prior roles included leading the firm’s brand, appraisal and business development efforts.

Frieze succeeds his father, Michael G. Frieze, who has been a leader at the firm since 1966. During his tenure, the firm expanded from a retail liquidator to a full-service provider of strategic business and capital solutions to healthy and distressed companies alike. Michael Frieze is the third generation of the Gordon family to have an active role in the firm. Michael Frieze will continue on as CIO and chairman of the firm’s board of directors.

“It is with much confidence that I pass the torch to Ken, who represents the fourth generation of family leadership at Gordon Brothers. Ken has diligently grasped the dynamics of our business over the past twenty years and is the natural successor. The exceptional team that makes Gordon Brothers successful every day will be well-positioned for growth under his leadership,” stated Michael Frieze.

“I am excited to build upon what Michael and prior leadership have achieved over the past 111 years. As I assume the role of CEO, I am humbled by both the legacy and responsibility,” stated Frieze. “Having spent the better part of my career at Gordon Brothers Group, I look forward to guiding the company’s ongoing expansion and working alongside some of the sharpest minds in the turnaround industry.”