CVC Capital Partners ("CVC") today announced several recent appointments to its US Advisory Board, which supports CVC's efforts to identify, evaluate, and build value within its US private equity investments. With these additions, CVC's US Advisory Board is now comprised of 12 former senior executives from a diverse group of leading global corporations including American Express, BNY Mellon, BP, Bristol Myers-Squibb, Burberry, Coca-Cola, Cox Enterprises, DuPont, Hilton, Pitney Bowes, Procter & Gamble, and Saks.
Recent joiners Jeff Keefer, Linda Fayne Levinson, Stephen Sadove, Jack Stahl, and Rob Steele bring world-class experience that will support CVC's investment activities in the business services, chemicals, consumer, retail, and technology sectors.
Jeff Keefer has extensive experience in the chemicals sector, having served for more than 30 years at DuPont Worldwide, most recently as its CFO and previously within its Titanium Technologies and DuPont Automotive divisions.
Linda Fayne Levinson has served as a senior executive at a variety of leading global firms including American Express, McKinsey, and CAA, and as an early stage venture investor in travel and technology. She currently serves on the board of directors of Hertz, Ingram Micro, Jacobs Engineering, NCR, and Western Union.
Stephen Sadove is Chairman and CEO of Saks Incorporated, which he joined in 2002. Prior to Saks, he has served in senior executive roles at Bristol-Myers Squibb and General Foods. He is a member of the board of directors of Saks, Colgate-Palmolive, and Ruby Tuesday.
Jack Stahl spent 22 years at the Coca-Cola Company, most recently as its President and COO, and has also served as CEO of Revlon. He is a member of the board of directors of Coty, Delhaize, Dr. Pepper Snapple Group, Saks, Boys and Girls Clubs of America, and the United Negro College Fund.
Rob Steele spent 35 years at Procter and Gamble, including as President of North America and Vice-Chairman of Global Health and Well-Being, with responsibility for Oral Care, Feminine Care, Personal Health Care, Pharmaceuticals, Pet Care, and Snacks. He also is a member of the board of directors of Beam, Inc. and served on the board of Kellogg Company.
Christopher Stadler, Managing Partner of CVC, commented, "We are very pleased to further bolster the group of world-class executives on our US Advisory Board. These individuals have highly relevant and complementary experience, and I have no doubt they will add to the invaluable contributions the Board already has made to CVC's US investment activities since its establishment in 2007."
All of the prior joiners of CVC's US Advisory Board will continue in their positions. These members include:
• Steven Bollenbach (former Chairman and CEO of Hilton);
• Rose Marie Bravo (former CEO of Burberry);
• Michael Critelli (former Chairman and CEO of Pitney Bowes);
• Brad Martin (former Chairman and CEO of Saks);
• Dean Eisner (former President of Manheim);
• Ross Pillari (former Chairman and CEO of BP Americas); and
• Thomas Renyi (former Chairman and CEO of the Bank of New York Mellon).
Funds advised by CVC have completed four acquisitions in the US since the establishment of CVC's New York office in 2007. These transactions have totalled approximately $10 billion of enterprise value and $2.5 billion of equity capital invested.