GREENWICH, CT, January 4, 2012 -
Littlejohn & Co., LLC, a private investment firm, announced
today senior leadership promotions: Michael Klein, President, has
been named CEO, and Brian Ramsay has been promoted to President
from his position as Managing Director. Angus Littlejohn will
continue as Chairman.
"This organizational realignment recognizes the contributions of Michael and Brian and is a natural evolution for our firm as we move forward. Just as we focus on improving our investments, it is equally important that we further institutionalize our organization and plan for its long-term direction and management," said Mr. Littlejohn. "I remain fully committed to the firm and we are fortunate to have in Michael and Brian the management excellence that enables us to establish an orderly transition to the next generation of leadership."
Mr. Klein, who has served as President since inception and is now CEO, said, "We are pleased to announce Brian's promotion. He has been a major contributor to many of our successful investments and has played an increasing role in the firm's management. His new position as President recognizes the increased responsibilities he has assumed and will further improve the effectiveness of our management of the firm."
Mr. Ramsay, said, "Together, we have built a leading middle market firm that demonstrates consistent success and we are very proud of our investment record. I have worked with Angus and Michael and the senior team at Littlejohn for the past 14 years and thank them for their support. We have an outstanding group of individuals in this organization and I look forward to playing a leading role in the ongoing development of the firm."
Mr. Littlejohn, as Chairman, will remain active in strategy, oversight, investment committee and professional development of the organization. He will also advise on operational restructuring initiatives, a hallmark of the firm.
Littlejohn is currently investing from the $1.3 billion Littlejohn Fund IV, and a distressed opportunities fund. Since its founding by Messrs. Littlejohn and Klein in 1996, the firm has grown to more than 25 private equity and distressed security investment and operating professionals.