Category Archives: Businessman

Shedding Light on Gregory James Aziz and the National Steel Car

If his track record is anything to go by, Gregory James Aziz is arguably a force to reckon with in the entrepreneurial and business circles. Currently, he serves as the president, chief executive officer and chairperson of National Steel Car. The Hamilton, Ontario-based National Steel Car prides itself on being one of the premier railroad car manufacturing and engineering companies in North America. In fact, it is the only railcar company in North America that is certified ISO 9001:2008, and has consistently won the annual TTX SECO award for more than a decade.

 

Education and Career Background

 

Born in Ontario, on April 30, 1949, Gregory J Aziz is a well-educated individual. In fact, he studied at Ridley College before joining the University of Western Ontario where he majored in economics. In 1971, Greg James Aziz joined Affiliated Foods, his family wholesale food enterprise. In turn, the company experienced significant growth over 16 years to become a leading importer of fresh foods all over the world including South America and Europe. Additionally, the company became a distributor to all the top fresh food wholesale markets spread across Eastern Canada and the United States. Additional Information Here.

 

Aside from working for his family business, Greg Aziz worked on various investment banking opportunities in New York. In 1994, his experience in investment banking allowed him to facilitate the acquisition of National Steel Car from Dofasco. He did this with the aim of transforming National Steal Car, the once great Canadian entity, into the foremost railroad freight car manufacturer in North America. Through stressing the company’s team building, vast engineering capabilities as well as considerable capital and human investment, National Steel Car increased its manufacturing capacity from 3500 to 12000 cars at the time of purchase by 1999. Additionally, employment during the same duration increased from an estimated 600 to about 3000.

 

An In-depth Look at National Steel Car

 

Through the leadership of James Aziz, National Steel Car has relentlessly strived to achieve manufacturing and engineering excellence. As an ISO 9001 certified company, it has continuously held this honor for the past 18 years through many rounds of recertification. Apart from its business operations, the National Steel Car has expressed a deep commitment to the Hamilton community as well as sponsoring various charities like the United Way, Theatre Aquarius, the Salvation Army and the Hamilton Opera. Moreover, past and present employees participate during the company’s annual Christmas Party and its major food drive.

How Don Ressler Changed the Athletic Fashion Industry

Don Ressler is a Los Angeles entrepreneur. He is the co-founder and current CEO of Fabletics clothing company. Ressler has helped raise multiple startups including Intelligent Beauty and its subsidiaries. His first company, FitnessHeaven.com, was bought by Intermix Media in 2001. After his first company had been acquired, he partnered up with Adam Goldenberg to build Alena Media. The performance advertising campaigns set up by Intermix Media generated millions of dollars.

 

After that company had been acquired by News Corp in 2005, the two friends left to start something new. Both Adam and Don are fluent in Excel commands. They developed another company with their experience in performance advertising. Intelligent Beauty was created in Adam’s living room.

 

By 2010, Intelligent Beauty created another company known as JustFab, an online clothing retailer. The company received over $30 million in funding from a couple of different investors. A year after launch, JustFab hit four million subscribers. Once the company hit six million members, they received a second round of funding of $76 million.

 

Realizing that JustFab had a lot of older adults checking out their products, Ressler decided to add a kids lineup. The company purchased the European shoe company The Fab Shoes. That increased JustFab’s membership numbers by 500,000. By the end of 2013, JustFab had 3 million subscribers. The company then purchased rival company ShoeDazzle.

 

Adam and Don decided to make Techstyle headquarters in El Segundo, CA because it kept production costs low. Sales and marketing successes in that area are still unknown. What that means is that there is potentially a sea of new customers in that area. The workforce in El Segundo is very productive.

 

At TechStyle, Don Ressler helped with designing active wear and help promote the product. Ressler had a lot of good ideas about how the future market for athletic clothing would look. He helped design the website so that the clothing would automatically save items to the customer’s cart so that they would have those things to purchase at a later date.

 

Don Ressler is partnered with Kate Hudson to create and sell active attire. All the clothing produced by JustFab is trendy and comfortable.

 

JustFab provides clothing that anyone can afford. They just recently started selling men’s clothing. Ressler did this to increase sales and bring in more members. He is proud of the way all the clothing lineups turned out. Even people that can not fit into clothes at regular retailers will be able to find something under JustFab. https://www.apparelnews.net/news/2016/sep/05/new-sizes-fab-justfab/

Glen Wakeman; The Successful Financial Advisor and Leader

Few executives have risen to recognition and attained much success to the extent Glen Wakeman has managed. The 1968 Miami-born is a respected man in the field of financial management. With over two decades experience in his field of specialization, Glen Wakeman has a lot to offer to business people and the entire world. The prominent leader who is the founder and current CEO of LaunchPad Holding LLC founded in 2015 graduated through the ranks of the University of Scranton in 1981. He furthered his studies at the University of Chicago to attain an MBA of Finance in 1993. He worked at P&L in GE Capital before becoming a president and CEO of Doral Financial Corporation. He also chaired Doral Bank Board as the Chairman (BusinessWire).

Glen Wakeman has also served Nova Four and GE where he was the founder and oversaw the firms growing to prosperity earning him an honour of recognition as a Growth Leadership role model from the board of directors. Glen Wakeman has brought a revolution in businesses recording $15 billion in assets and 17,000 staff members.(Doral Financial Corporation Names Glen Wakeman President). His advice has been on new market entry, exponential growth, guidance on startups and divestitures. His tested and proven methodology which is based on five key performance which includes governance, execution, leadership, human capital and risk management.

Glen Wakeman is established writer and investor who provides his selfless advice through regular blog posts. His posts revolve around emerging markets, international fiscal matters and management and administration strategies. Additionally, he shares his insights on matters relating to capital raising, advice on strategy, emerging leadership and markets, global affairs and business transformations. In his mentorship role, he counsels Sitter Bees and Dreamfunded as well as aiding C-level executives.

Wakeman’s executive role has seen him rise to global recognition as he has resided in six various countries and overseeing operations in 30 regions across the world. His current role in his founded company is helping entrepreneurs stand on their feet in the business. LaunchPad Holdings, automated software service provider, has helped entrepreneurs in their early stages to make their ideas a workable plan hence accelerating the national scope economy grow into an accelerating curve.

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Adam Goldenberg’s Future of Fashion

JustFab co-founder Adam Goldenberg was only 15 when he founded his first company, an advertising network of gaming sites, which was sold to Intermix Media. Goldenberg dropped out of school to become Vice President of Strategic Planning at Intermix. He was later promoted to Chief Operating Officer, making him the youngest COO at only twenty years old. Adam Goldenberg met Don Ressler at Intermix and became friends. When the company was bought in 2005 by News Corporation, Don and Adam started their own company.

The pair created an e-commerce platform called Intelligent Beauty in 2006. After Don and Adam established brands as market leaders, they began to think of a new kind of personalized shopping experience. They wanted to incorporate cutting-edge fashion and social interaction at an affordable price. For this to work, they needed it to be fun and engaging. The guys expanded the personalization platform by hiring designers and consultants, and building a subscription model that was appealing and affordable.

The ending result was JustFab, a community where in which it’s members receive a variety of handbags, shoes, and accessories custom for their taste at only $39.95 a month. Don stated that they are not just shipping out bags, accessories and shoes once a month, they are keeping engagement high by changing their subscription model. JustFab provides style boards and shows you each look on models to help you learn how to wear every item. The company raised $85 million in August of 2014, in a round led by Passport Special Opportunity Fund. It brought JustFab’s funding to $300 million, and it turned into a so-called “unicorn” or a company whose valuation is over $1 billion.

“We never think of ourselves as a unicorn, so it’s not like we’re in the office saying ‘It’s great to be a unicorn!” he said. He also stated that they have a lot of employees who have dedicated the last five years to building great brands and making their customers happy on hudl.com. Claiming that the last round of financing didn’t have a large impact on the way that they operate as much as their previous rounds. The validation they have received is a great thing, and it lets them know that they are building a company that is valuable.

Read more: TechStyle CEO Adam Goldenberg Talking Name Change on CNBC

Adam Milstein: A Rising Star Among Philanthropists

Who is Adam Milstein and why is he important to the world? Adam Milstein is an Israeli-American born in Haifa, Israel. In his early life Milstein joined the Israeli Defense Forces (IDF). During his time in IDF Milstein fought in the 1973, Yom Kippur Wars. After his service with IFD, Adam Milstein enrolled in college and received a Bachelors of Science degree in economics and business from Technion. While in college, Adam Milstein took interest in his father’s real estate and development business. It was here that everything would change for the young Adam.

In an interview Milstein is asked a series of questions regarding his successful career. In one of the questions it asks where the inspiration for Hager Pacific Properties came from. Milstein responds with, “I decided to go out on my own, and started working as Real Estate Commercial broker…I went out on my own to become an investor in real estate.”

Another questions asks Adam what is the most exciting thing about his line of work. He replied by stating, when supply and demand for products switch places every so often, that it amuses him.

The most important question asked of Milstein, regarded his productivity as an entrepreneur. The question asked was, what is “one habit that makes him productive as an entrepreneur?” Adam’s wise advice stated, “Follow-up, consistency, and persistence.” This is advice we can all take into account and learn from to be successful like Adam Milstein. For more information about Milstein please visit https://ideamensch.com/adam-milstein/.

Follow Adam on Facebook.

 

How Stephen Rotella Is Leading The World of Philanthropy

When you think of the name Ford you probably think of large durable pickup trucks that are fortified enough to haul around large equipment in their truck beds and designed to drive through snow and other kind of treacherous terrain. What you probably don’t think of is the word philanthropy and the organization that is known as the Ford Foundation. The Ford Foundation and the Ford Motor Company share a common origin in that they were both begun at the behest of people connected to the the innovative industrialist Henry Ford. In the 1930s Edsel Ford, Henry Ford’s son, commissioned the establishment of the Ford Foundation as an organization that would be concerned with distributing resources devoted to philanthropy, education and the sciences. Today the Ford Foundation, which is located in New York City, is worth more than $12 billion and uses those resources to support issues like internet freedom, equitable development, gender, racial and ethnic justice, civic engagement and youth opportunity and learning. The Ford Foundation is an excellent example of what entities in the private sector can accomplish when they partner with entities that exist to champion social causes and the public good.

While businessmen like Andrew Carnegie (of the Carnegie Foundation) and Henry Ford are no longer with us there are businessmen in contemporary America who are following the examples that both men set in their legacy of using their resources for the public good. One of those men is Stephen Rotella the current Chief Executive Officer at StoneCastle Cash Management, LLC. Rotella has a background in business that includes holding a number of positions in the world of financial services. He has worked at Chase Manhattan Mortgage Corporation where he served as the company’s President. He was also the Chief Executive Officer of Chase Home Finance. The other financial services organizations that Stephen Rotella has worked for include WMI Holdings Corporation and JP Morgan Chase.

These days Rotella is leveraging the business acumen that he has built through spending nearly three decades working in the financial services sector for the non-profit organization LIFT. LIFT is an anti-poverty non-profit that focuses its resources on helping families that are living below the poverty line in the United States. LIFT has offices in Chicago, Los Angeles, Washington, DC and New York City. Rotella has served as the Chairman of LIFT’s national board of directors for nearly two years now. Before holding that position he had volunteered on the board’s development committee. Rotella’s work in philanthropy includes serving on LIFT’s board and the boards of other non-profit organizations like BalletMet Columbus, The Seattle Foundation and ArtsFund. As he deepens his engagement with LIFT it is likely his support will enable LIFT to be even more effective at achieving its goal to help more people leave poverty behind.

Follow Stephen on LinkedIn.

Source: http://www.prnewswire.com/news-releases/lift-national-board-of-directors-elects-stephen-j-rotella-as-new-chairman-300191234.html

What Stephen Murray Did As CEO Of CCMP Capital

Stephen Murray, deceased as of March 2015 was the CEO of CCMP Capital, a private equity firm that is currently run by Greg Brenneman and a team of executives. Murray had contributed greatly to the firm’s growth, including its initial public offering. He had sat down with peHUB in 2007 to discuss the new direction of the company.

First he explained how the company was going to be raising capital outside traditional bank loans and venture capital funding, and had garnered its funding from private investors and alternative means. He also had taken over as CEO from Jeffrey Walker who had previously led CCMP Capital during its time with JP Morgan, and it had to do with a slightly different philosophy on how the company would obtain growth. And Murray also explained how in leaving JP Morgan, he was able to attract larger individual investments and managed the transactions as part of those investments all the way through.

Stephen Murray had quite a legacy as an investor and large business deal maker since he first got into investment banking and building business portfolios. He got his degrees from Boston College and Columbia University, and started out as a credit analyst at Manufacturers Hanover Corporation. This was a major investment bank in Manhattan that became the point of interest for many other big banks, including Chemical Bank in the late 1980s, and was later merged with Chase Manhattan and then JP Morgan.

Read more:
Stephen Murray, Ex-CCMP Chief Who Built LBO Firm, Dies at 52
CCMP Capital Advisors Gets Backing to Resume Investing From Fund

Murray had moved during his career from credit analyst and advisor to managing the buyout division, serving as vice president while Jeffrey Walker was running the division. The buyout division started operating more autonomously as the bank underwent its mergers, and Murray had helped raise several public offerings during its time, including a large $5.2 million offering in 2002. The division, known at first as JP Morgan & Partners started buying several retail, healthcare and energy companies. But due to potential conflicts of interest with clients, JP Morgan & Partners parted ways with the parent bank.

Murray served as CEO from 2007 to 2015, and even after the firm’s initial public offering had helped raise an additional $3.6 billion in 2014. Unfortunately, Murray’s health started declining in late 2014 and in early 2015 it was announced that he had stepped down as CEO. Just weeks later Murray passed away, leaving behind a wife and four children, but his fellow executives commended his legacy in statements following his passing.

Read more from Stephen Murray on Institutional Investor
Follow Stephen Murray on Crunchbase

John Goullet Shares Tips On Overcoming Business Challenges

Business challenges are quite common among entrepreneurs, and John Goullet of Diversant offers quite a lot of information to business managers. He believes that every manager may raise their game when the opportunity is presented, and this article explains two pointers John gave to readers in a recent interview. His approach to business is helpful for those who are new, and he wishes to help his disciples avoid early mistakes.

#1: Hiring Early And Often

Hiring is one of the hardest things for a young business owner to do as they do not wish to spend all their money on people. The staff within a business helps everything push forward, and the business makes more money as more people complete fine work. John wants all his readers to understand that hiring is an essential part of business management. His business functions around good people, and he empowers them to do the best work possible.

#2: Bringing The Right Culture To The Office

John has watched culture changes in multiple businesses over his career, and he recognized a change in culture at Diversant that he did not believe was appropriate. He wants all his readers to understand that a culture change within a business is not automatically healthy. Every business owner must ensure they are consistent with their culture, and employees will buy in over time.

#3: Offering Proper Work Incentives

John believes in trusting several different people with responsibilities in the office that keep them busy. Training new employees is quite important as each must be trained by someone just above them. Young employees who are given incentives to perform will ensure proper training for each new recruit, and the business will function with the culture created by the owner.

The career of Diversant principal John Goullet reflects his belief in training and accountability. He built Diversant using a plan that focuses on proper work ethic, and he trains his youngest employees to become a part of their future. Executives are given a piece of the company they may invest in, and young employees help train and police each other in an effective work environment.

More on John Goullet:

http://hackronym.com/john-goullet-building-the-future/

http://noanimalsleft.org/diversant-principal-john-goullet/

CCMP Capital CEO Stephen Murray Dies At 52

Former CCMP Capital CEO Stephen Murray has passed away, according to an article in the Wall Street Journal. The 52-year-old investment guru had taken a leave of absence in February for undisclosed medical reasons. The news has investors on pins and needles, according to an unnamed source.

“We are sad to announce the passing of our friend and colleague Stephen,” said interim CEO Greg Brenneman. “This is a huge blow to our company. We have sent our heartfelt condolences to his wife Tami and his children.”

Under Murray’s guidance, CCMP rose through the ranks to become one of most profitable investment companies in the world. The company’s portfolio is currently worth over $3 billion.

CCMP Capital has undergone a number of mergers and acquisitions over the years.

Murray, a Boston College graduate, joined the company in 1984 right out of college. Murray entered Hanover Manufacturers Corporation as a credit analyst. After a few years, he was named head of the credit department.

Hanover was soon bought by Chemical Bank Partners. The company then merged with Chemical Bank Partners. After the spinoff of JP Morgan Chase, CCMP Capital was born. In 2007, Murray was named CEO. One of Stephen Murray’s most impressive ventures was to outbid several larger investment houses for pharmaceutical giant Warner Chilcott.

“Stephen was a heck of a salesman,” said a former colleague. “I don’t know of anyone who exceeded him in talent.”

Murray was also known for his tremendous generosity. He sat on a number of boards including Aramak, The Vitamin Shoppe, AMC Entertainment and Quizno’s on wsj.com. He gives to the Make-A-Wish Foundation and the Food Bank of Lower Westchester County.

Colleagues say Stephen Murray left a tremendous legacy and very big shoes to fill. “He was a legend in this industry,” said Brenneman. “He will be sorely missed by all who knew him.”

Stephen Murray’s Fantastic Career

Stephen Murray made a name for himself in the private equity field. He was a brilliant investor with a knack for making deals that made his clients a lot of money over the course of his long career. Stephen is best known for being the president and CEO of CCMP Capital. This is a private equity company that is located in New York City. He held this position from 2007 until he left the company due to health problems in February of 2015. Unfortunately, he died one month later at the age of 52. However, Stephen Murray left a remarkable legacy in the private equity industry that will not soon be forgotten. Stephen’s career is one that is admired and studied by many investors.

Stephen was always good in school. He used his considerable academic gifts to eventually gain acceptance into Boston College. Stephen Murray decided to major in economics because he knew there were many different career paths he could take with that particular degree. He eventually completed his studies at Boston College in 1984. He received several lucrative job offers at this time. However, he decided to enroll in graduate school in order to further his education. He chose the Columbia School of Business as the place where he would pursue a business administration master’s degree. He would complete this degree in 1989.

With his education complete, Stephen was approached by the Manufacturers Hanover Corporation. They offered him a unique opportunity to join their training program. Stephen Murray realized that this was an enormous opportunity to learn a lot of very valuable information about the industry that he was interested in. He would then move on to a job that was offered to him at the MH Equity Corporation. It was at this job that Stephen got his first real taste of what it was like to work in the private equity field on a regular basis. He knew that he wanted to eventually oversee hedge funds on Patch because he loved the challenge that investing presented to him.

Stephen made himself a very valuable member of the company. It was because of this that he was retained during several corporate shakeups that occurred during his employment with the company. MH Equity would eventually merge with Chemical Venture Partners in 1991. Five years later, Chemical Bank would once again merge with Chase Manhattan Corporation. Stephen stayed loyal to the company that gave him a start in the private equity industry. It was in 2006 that Stephen thought the time was right to finally break out on his own. He and several of his colleagues founded CCMP Capital. It was overseen by JP Morgan Chase. The company was a tremendous success. Stephen’s brilliant leadership allowed the company to flourish.