BOSTON, Nov. 14, 2013 /PRNewswire/ -- Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors today announced that Robert E. Grosskopf and Richard P. Edwards have been appointed co-presidents of the Retail Division. They will jointly assume responsibility for the division's growth strategy while overseeing all client engagements and daily operations.
Kevin J. Kulinowski, having served as President of the Retail Division for the past three and a half years will assume the position of Senior Advisor where he will continue to play a critical role in maximizing asset values, project strategy, due diligence, appraisal valuations and working with key clients.
"Given Bob and Rick's combined 40 years at Gordon Brothers and strong relationships in the industry, this transition will be seamless and position the Retail Division extremely well for the future," stated Ken Frieze, President of Gordon Brothers Group. "Rick, Bob and Kevin have spent many years working together to guide the Retail Division. While their roles are changing, their continued partnership promises to maintain the Retail Division as the market leader for event-driven inventory and fixture solutions for retailers, their lenders and advisors," he added.
Gordon Brothers Group also announced the hiring of Andrew H. Stone as Managing Director of Field Operations in the Retail Division. Mr. Stone brings over 25 years of retail experience to Gordon Brothers Group having held previous senior management positions at Office Depot. Mr. Stone will work closely with Mr. Kulinowski as he transitions into his new role, spending time alongside Gordon Brothers Group's field consultants on various projects to gain an inside perspective on the asset disposition business.
"We are excited to continue working with Kevin in this specialized capacity and build upon the strong performance and superior client service that he has fostered over the past three and a half years," Mr. Edwards and Mr. Grosskopf said in a joint statement. "We look forward to this period of growth for the Retail Division and the capabilities that Andy brings to the team," they added.
About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt financing, and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion worth of transactions and appraisals annually.
SOURCE Gordon Brothers Group