NORTHBROOK, Ill., July 9, 2024
/PRNewswire/ -- Hilco Global is pleased to announce the appointment
of Ian Fredericks as the new Chief
Executive Officer (CEO) of its Consumer - Retail platform,
effective July 1, 2024. Mr.
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," said Jeff
Hecktman, CEO and Founder of Hilco Global. "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). Mr.
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.
Ian Fredericks, who previously
held the positions of President and COO, has been instrumental,
alongside Mr. Nortman, Michale
Keefe, Chairman, and other leaders across the organization,
in maintaining and enhancing Hilco Global's reputation as a leading
retail expert.
"I am honored to take on this new role and lead our exceptional
team," said Ian Fredericks. "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, Mr. 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 leading publications such as Women's Wear Daily and Retail Rx,
and is often quoted by the Wall Street Journal, Bloomberg, Debtwire
and The Deal.
Mr. 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, Mr. Fredericks was part of the Corporate
Restructuring group at Skadden, Arps, Slate Meagher & Flom,
LLP, and Young Conaway Stargatt
& Taylor, LLP.
About Hilco Global: Hilco Global
(http://www.hilcoglobal.com/) is a privately held diversified
financial services company and the world's preeminent authority on
maximizing the value of assets for both healthy and distressed
companies. Hilco Global financial services leverage a unique
blend of deep restructuring, and principal investing. Hilco Global
delivers customized solutions to undervalued, high potential
companies to resolve complex and stressed situations and enhance
long-term enterprise value.
Hilco Global operates as a holding company comprised of over
twenty specialized business units that work to help companies
understand the value of their assets and as needed monetize the
value. Hilco Global has almost 4 decades of a successful track
record of acting as an advisor, agent, investor and/or principal in
any transaction. Currently, the company has $3 Billion in assets under management. Hilco
Global works to deliver the best possible result by aligning
interests with clients and providing them strategic insight,
advice, and, in many instances, the capital required to complete
the deal. Hilco Global is based in Northbrook, Illinois and has more than 800
professionals operating on five continents with US offices located
in Boston, Detroit, Chicago, New
York, Philadelphia, and
internationally in Australia,
Canada, UK, Germany, Netherlands, Mexico and throughout Asia.
About Hilco Consumer - Retail: Hilco Consumer -
Retail (www.hilcoglobal.com/companies/hilco-consumer-retail/)
provides a wide range of analytical, advisory, asset monetization,
and capital investment solutions to help define and execute a
retailer's strategic initiatives with operations on 4 continents.
Hilco Consumer - Retail activities fall into several principal
categories including: acquisitions; disposition of underperforming
stores; retail company or division wind downs; event sales to
convert unwanted assets into working capital; facilitation of
mergers and acquisitions; interim company, division or store
management teams; loss prevention; and, the monetization of
furniture, fixtures and equipment. Additionally, Hilco
Consumer - Retail includes among its subsidiaries the nation's
premier fixture and equipment liquidation firm, Hilco Fixed Asset
Recovery (www.hilcoffe.com), the SaaS-based mobile visual
merchandising and operations platform ReStore for Retail
(www.restoreforretail.com) and an innovative sale locater website
called Shop Genius (www.shopgenius.com).
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SOURCE Hilco Global