Hilco Global appointed Ian Fredericks as the new CEO of its consumer – retail platform, effective July 1, 2024. Fredericks will oversee Hilco Merchant Resources, Hilco Wholesale Solutions, Restore Capital, Hilco Fixed Asset Recovery and Restore4Retail. He succeeds Ben Nortman, who will now focus exclusively on his new role as co-chief commercial officer, a position announced earlier this year.
“Ian Fredericks is one of our most impressive and enthusiastic leaders and his extensive experience and dedication have been pivotal in driving our consumer – retail platform forward,” Jeff Hecktman, CEO and founder of Hilco Global, said. “Ian’s deep understanding of the retail sector make him the ideal leader to take our consumer – retail platform to the next level.”
Ben Nortman, who has served as CEO for the past six years, successfully navigated the group through significant challenges, including the global COVID pandemic and the shift from brick-and-mortar to direct-to-consumer e-commerce. Under his leadership, Hilco Global’s retail solutions platform grew significantly, marked by the launch of Restore Capital and the acquisition of Channel Control Merchants (CCM). Nortman will now dedicate his full attention to his role as co-chief commercial officer, leveraging his extensive industry network and strategic acumen to further enhance the Hilco Global platform.
Fredericks, who previously held the positions of president and chief operating officer, has been instrumental, alongside Nortman, Michale Keefe, chairman, and other leaders across the organization, in maintaining and enhancing Hilco Global’s reputation.
“I am honored to take on this new role and lead our exceptional team,” Fredericks said. “Having been part of Hilco for over a decade, I am excited to continue building on our strong foundation and drive continued growth and innovation.”
Since joining Hilco in 2011, Fredericks has received numerous accolades, including being named a Top Retail Expert by RETHINK Retail in 2024 and an Emerging Leader by M&A Advisors in 2017. He is a frequent speaker at industry events, including at events and conferences sponsored by Consensus and its Big Brands Show, the Secured Finance Network, the Turnaround Management Association and INSOL. Additionally, he has contributed articles to publications such as Women’s Wear Daily and Retail Rx, and is often quoted by the Wall Street Journal, Bloomberg, Debtwire and The Deal.
Fredericks graduated from Harvard Business School’s Business Analytics Program in June 2023, further enhancing his expertise in leadership, business analytics, technology and artificial intelligence.
Before joining Hilco, Fredericks was part of the corporate restructuring group at Skadden, Arps, Slate Meagher & Flom and Young Conaway Stargatt & Taylor.
