Wynnchurch Capital has formed the Wynnchurch Executive Advisory Board and has named Jim Goodwin, former Chairman and CEO of UAL Corporation, as its first member. Wynnchurch will be naming three additional members to the Board in the coming weeks.
In addition to his position on the Executive Advisory Board, Mr. Goodwin has joined the Boards of Directors of Wynnchurch portfolio companies Burtek Enterprises and Northstar Aerospace.
“The intent of the Executive Advisory Board is to assist Wynnchurch and our portfolio companies in better understanding targeted industries and markets, and developing applicable growth strategies,” said John Hatherly, Founding Partner of Wynnchurch. “Additionally, some of the executives joining the Executive Advisory Board will serve on boards of directors of certain portfolio companies, bringing thought leadership, independent perspectives and support for our CEOs.”
Mr. Goodwin, former Chairman and CEO of UAL Corporation and United Airlines, joined the Executive Advisory Board in early 2013. He is currently the Non-Executive Chairman of the Board of Federal Signal Corporation and serves on the Boards of Directors of AAR Corp and JB Technologies, as well as the Board of Trustees of Lewis University.
“We are absolutely thrilled to have Jim as a member of the Wynnchurch team. His tenure at United Airlines complements our focus on the transportation and aerospace industries. His leadership experience spans all facets of the airline industry ranging from branding and pricing, to operations, safety and customer service, bringing a well-rounded perspective to our management teams operating in this sector,” said Terry Theodore, Partner of Wynnchurch.
Wynnchurch Capital makes investments of $10 million to $90 million in middle-market companies that have revenues of $5 million to $500 million. Sectors of interest include niche manufacturing, transportation & logistics, business services, value-added distribution, energy and power services, general industrials, and metals & mining. Wynnchurch Capital is located in the Chicago suburb of Rosemont with additional offices Dallas, Detroit, and Toronto (www.wynnchurch.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-18-13
