CB Commercial names John C. Haeckel as chief financial officer.LOS ANGELES--(BUSINESS WIRE)--March 24, 1997--CB Commercial Real Estate Services Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CBCG CBCG Capacity Building Coordination Group ), America's leading commercial real estate services company, today named John C. Haeckel as its chief financial officer. Haeckel, who previously served as executive vice president and chief financial officer of Broadway Stores, Inc. (formerly Carter Hawley Hale), will assume his post on April 1. CB Commercial Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. James J. Didion called Haeckel a truly "bright star" in corporate finance, business planning and management, and relationship-building with the financial community. "John brings to CB Commercial an attractive track record -- be it in raising capital, debt restructuring Debt Restructuring A method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantage. Notes: , or negotiating for mergers and acquisitions -- that should be helpful as our Company moves toward global preeminence in the commercial real estate services business," Didion said. From 1993 to 1995, Haeckel served as interim chief financial officer and then as executive vice president and chief financial officer for Los Angeles-based Broadway Stores, Inc., a $2 billion retail company that was acquired by Federated Connected and treated as one. See federated database and federated directories. Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. in 1995. Previously, he was a general partner at Chicago-based Chilmark Partners, which he joined in 1984. Chilmark is a boutique merchant bank concentrating primarily on debt restructuring and mergers and acquisitions. In 1990, it became the investment manager and one of the general partners of the Zell/Chilmark Fund, a $1.1 billion private equity partnership. Zell/Chilmark acquired 80% of the unsecured claims against Carter Hawley Hale, then in bankruptcy, in 1991. Haeckel joins CB Commercial at a key time in its growth. The company, founded in 1906, completed a successful initial public offering in November of last year and achieved record revenues in 1996. Coincident with Haeckel's arrival at CB Commercial, and after a brief transition period, David A. Davidson, currently senior executive vice president, chief financial officer and treasurer, is planning to retire. Davidson joined CB Commercial in 1989. -0- CB Commercial is America's leading and largest vertically integrated commercial real estate services company. With more than 4,000 employees and global strategic alliances, the company serves commercial real estate users, owners and investors in over 200 cities in 33 countries. Services include brokerage, investment properties, corporate and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , property management, mortgage banking, investment management, institutional advisory, appraisal and property tax, and real estate market research. Founded in 1906, CB Commercial (NASDAQ: CBCG) is headquartered in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . Revenues for 1996 were $583 million. CONTACT: CB Commercial Real Estate Services Group, Inc. Cary A. Brazeman, 213/613-3227 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion