PARIS, Sept. 24, 2019 /PRNewswire/ -- Wendel, a leading global investment firm, today announced that Adam Reinmann has been appointed Chief Executive Officer of Wendel North America, succeeding David Darmon, who has been named to the Group's Executive Board as Group Deputy CEO.
David Darmon said: "I am excited that Adam, who has been my close partner over the past six years, is succeeding me to lead Wendel's North American efforts. He is an extremely talented investor who is well positioned to continue to expand Wendel's presence here."
"I am pleased to succeed David in this role and further expand Wendel's presence in North America," said Mr. Reinmann. "Since joining Wendel in 2013, I have come to appreciate the Group's strong history and appeal to entrepreneurs and management teams looking for a long-term partner. I am enthusiastic about Wendel's prospects in North America and look forward to working with our team to continue to build upon its success."
Mr. Reinmann is a founding member of Wendel's New York office, which has invested approximately $1 billion in North American opportunities, including the companies Allied Universal and CSP Technologies, since it was opened in 2013.
Prior to joining Wendel, Mr. Reinmann worked at Onex Corporation, a leading North American investment firm, where he was actively involved in several successful private equtiy investments and, in 2009, joined the executive management team of Celestica, Inc. as Chief of Staff to the CEO. He began his career at JPMorgan's investment banking group in New York. Mr. Reinmann has a B.S. in Management from Binghamton University and an M.B.A. from Columbia University.
About WendelWendel is one of Europe's leading listed investment firms. The Group invests in Europe, North America and Africa in companies that are leaders in their field, such as Bureau Veritas, Cromology, Stahl, IHS, Constantia Flexibles, Allied Universal and Tsebo. Wendel plays an active role as a controlling or lead shareholder in these companies, implementing long-term development strategies to boost growth and margins and enhance their leading market positions.
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long-term: BBB, stable outlook – Short-term: A-2 since January 25, 2019Moody's ratings: Long-term: Baa2, stable outlook – Short-term: P-2 since September 5, 2018
Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" in 2012.
For more information: wendelgroup.com
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