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5 days ago | 
directorsandboards.com | Ian Koplin
Optimizing shareholder return is not a CEO's main objective, according to Lauren Chung, director of Genenta Science and NorthView Acquisition Corp. and chief financial officer and executive director at Laxxon Medical. A CEO must, first and foremost, be able to establish company priorities and communicate them internally to management as well as to the entire workforce while also externally communicating those same priorities to shareholders and key stakeholders alike.
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6 days ago | 
directorsandboards.com | Ian Koplin
The economic climate in America is fast-evolving and growing in complexity. Public companies are increasingly turning to CEOs who can do more than just deliver short-term earnings. The role of the CEO has expanded dramatically and the expectations from the board are growing in tandem. Traditionally, traits such as decisiveness, investor fluency and a strong external presence have dominated the CEO success profile, especially in the eyes of markets and analysts.
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1 week ago | 
directorsandboards.com | Ian Koplin
Spencer Stuart recently released another installment of its Measure of Leadership survey series, which highlights the findings from regular surveys of CEOs and board directors globally and focuses on how they navigate a complex and rapidly evolving business environment. George Anderson, partner and leader of the North American Board Effectiveness Practice at Spencer Stuart, explains how boards can best support CEOs and how CEOs can draw more support from their boards.
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1 month ago | 
familybusinessmagazine.com | Ian Koplin
The Autotap Corporation — a fourth-generation Brooklyn-based service provider of fountain beverage services — turns 100 years old this year, but its roots extend back even further. The company was established in 1900 by Joseph Starman, who started the business after travelling to the United States from Romania, where he had worked making heads for seltzer bottles.
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Jan 31, 2024 | 
abfjournal.com | Ian Koplin
Citizens Business Conditions Index rose to 51.8 in Q4/23, supported by continued resilience in the labor market and consumer trends. The second consecutive quarterly reading above 50 indicates that the U.S. economy exited 2023 with momentum, with signs of moderating inflation supporting optimism for a soft landing.
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Jan 31, 2024 | 
abfjournal.com | Ian Koplin
Biopharmaceutical company Akebia Therapeutics closed a term loan facility with funds and accounts managed by BlackRock that provides for up to $55 million in borrowing capacity available in three tranches. At the closing, Akebia drew the first tranche of $37 million and used the proceeds to pay down $35 million of principal outstanding from a loan agreement with Pharmakon Advisors, the investment manager of the BioPharma Credit funds, plus interest and fees.
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Jan 30, 2024 | 
abfjournal.com | Ian Koplin
Alternative investment firm Strategic Value Partners hired Timo Koch and Ahmed Khan as managing directors. Based in London, they will jointly lead the firm’s structured capital team in Europe, reporting to Brian Himot, who joined Strategic Value Partners in 2022 as head of structured capital. Koch was formerly a managing director at Avenue Capital, where he spent 15 years focused on special situations credit investments. Koch began his career as a strategy consultant at Booz Allen Hamilton.
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Jan 30, 2024 | 
abfjournal.com | Ian Koplin
Ron Brody joined Otterbourg as the head of the firm’s leveraged finance practice group. Brody is a high-yield securities lawyer with a range of corporate, transactional and finance experience. His clients include investment banks, private equity funds and public and private companies. “Ron’s arrival is part of the firm’s focus on growing our leveraged finance practice and will enhance our already strong presence in this area,” Richard L. Stehl, chairman at Otterbourg, said.
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Jan 30, 2024 | 
abfjournal.com | Ian Koplin
Triumph, a member of the Triumph Financial portfolio of brands and a provider of working capital financing solutions to the transportation industry, appointed Kim Fisk executive vice president and chief operating officer of its factoring division. In her new position, Fisk will utilize her experience to drive the company’s growth. She will continue reporting to Tim Valdez, president of Triumph’s factoring division. “We’re excited to welcome Kim into her new position,” Valdez said.
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Jan 30, 2024 | 
abfjournal.com | Ian Koplin
Florida-based United Capital Funding Group completed 12 transactions totaling $21.25 million in accounts receivable financing in Q4/23, including: A $6 million credit facility for a Virginia-based research company A $5 million credit facility for a Florida-based interior services firm A $4 million credit facility for a California-based professional government services contractor A $2.5 million credit facility for an Alabama-based engineering government contractor A $1 million credit facility...
