CLEVELAND, Nov. 19 /PRNewswire/ -- Resilience Capital Partners (www.resiliencecapital.com), a Cleveland-based private equity firm, has added Mr. Steven J. Demetriou as a member of its Executive Committee and its Board of Advisors. Steven J. Demetriou, since December 2004 has been the Chairman of the Board and Chief Executive Officer of Aleris International, Inc., an international aluminum company, following the merger of Commonwealth Industries, Inc. and IMCO Recycling, Inc. Mr. Demetriou served as President and Chief Executive Officer of Commonwealth from June 2004, and a Director of Commonwealth from 2002 until the merger. He was President and Chief Executive Officer of privately held Noveon, Inc., a global producer of advanced specialty chemicals for consumer and industrial applications, from 2001 until June 2004, when he led the sale of Noveon to Lubrizol Corporation. From 1999 to 2001, he was Executive Vice President of IMC Global Inc., a producer and distributor of crop nutrients and animal feed ingredients. Mr. Demetriou serves on the Board of privately held Kraton Polymers as well as two public companies, Foster Wheeler AG and the OM Group, Inc. He also serves on the boards of several community organizations, including United Way of Greater Cleveland, Cuyahoga Community College Foundation and the Cleveland Sports Commission.
"Not only is Steve a great strategic thinker and managerial talent, his experience in the metals industry, chemicals industry and insights into corporate restructuring and finance makes him a great addition to the Executive Committee. We all look forward to his involvement with the firm," said Steven Rosen, Co-CEO of Resilience Capital Partners.
Mr. Demetriou joins Mr. Jim Boland, former Vice Chairman of Ernst Young, Mr. Lyle Ganske, Partner-in-Charge, Cleveland office, Jones Day, Mr. Kenn Ricci, Chairman Flight Options and Mr. Scott Wolstein, Chairman and CEO of Developers Diversified Corporation.
"Today there is an unprecedented number of opportunities for a private equity firm focused on corporate recovery and as the firm looks to grow and expand having Steve is a real asset," said Bassem Mansour, Co-CEO Resilience Capital Partners.
As a member of the Advisory Board Mr. Demetriou joins Mr. Sheldon Adelman (former Chairman/CEO Blue Coral) , Nicolas Berggruen (Chairman Berggruen Holdings), Edward Crawford (Chairman/CEO Park Ohio Industries), Thomas J. Embrescia (Chairman, Second Generation), David Goldberg (Chairman Amtrust Bank), Larry Goldberg (Chairman/CEO Goldberg Companies), Joseph Gorman (former Chairman/CEO TRW), Mal Mixon (Chairman/CEO Invacare), Len Pagon ( former President and CEO of Brulant Inc.), Larry Pollock (former Chairman/CEO Cole National), Albert Ratner (Chairman Forest City), Bill Sanford (former Chairman/CEO Steris), Jim Wert (CEO Clanco) and Ed Pentecost (CEO, National City Equity Partners).
About Resilience Capital Partners
Headquartered in Cleveland, Ohio, Resilience Capital Partners is a leading private equity firm specializing in investing in lower middle market companies in a broad range of industries. Resilience's value oriented investment strategy is to acquire companies with solid business prospects in a wide variety of special situations including underperformers, corporate divestitures, turnarounds and orphan public companies. Since its inception in 2001, Resilience has acquired 16 companies with total revenue in excess of $1.5 billion. In January 2009, Resilience won the 2008 Private Equity Firm of the Year Deal Makers Award from the Association for Corporate Growth. For more information, please visit www.resiliencecapital.com.
Steven Rosen, Co-CEO Resilience Capital
25101 Chagrin Blvd. Suite 350
Beachwood, Ohio 44122
SOURCE Resilience Capital Partners