Daily News: February 21, 2013

Gordon Brothers Group Announces New Leadership Team

Gordon Brothers Group announced that Michael Frieze will be re-assuming the role of Chief Executive Officer along with his current duties as Chairman of the board of directors. In addition, the company said that significant shareholders Ken Frieze and Bobby Sager would be returning as part of the new leadership team as President and Chair of the investment committee, respectively. Bob Paglia will continue in his role as Chief Operating Officer.

Commenting on the changes, new President Ken Frieze said, “Gary Talarico, former President and Chief Executive Officer, recently resigned for personal and family reasons. We are thankful for the service he provided and his contributions are greatly appreciated.” Frieze added, “We’re extremely excited about the prospects of Gordon Brothers and, as shareholders, we are very bullish on the future of the company. There’s a lot of enthusiasm for what we have established and we will continue to build upon that momentum.”

Frieze went on to say that one of the things Gordon Brothers Group has done for more than a century is being proactive and innovative in meeting changing market needs, which has been appreciated by clients and venture partners that the company has worked with. “You’re talking about a leadership team that’s been doing that for 50 years,” he said.

Founded in 1903, Gordon Brothers Group is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt and equity financing, and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion worth of transactions and appraisals annually.