NEW YORK, Dec. 18, 2014 /PRNewswire/ -- Gordian Group
LLC, a leading U.S. investment bank specializing in board-level
advice in complex, distressed or "story" financial matters, has
announced that Mr. Fred Zeidman has
become Chairman of the firm, effective immediately.
Peter S. Kaufman continues as
President and Henry F. Owsley
remains as Gordian Group's Chief Executive Officer.
Mr. Zeidman has been involved in numerous high-profile workouts,
restructurings and reorganizations. He was the former CEO,
President and Chairman of Seitel, Inc., a Houston-based provider of onshore seismic data
to the oil and gas industry in North
America where he was instrumental in the highly successful
turnaround of the Company. He also held the post of Chairman
of the Board and CEO of Unibar Corporation, the largest domestic
independent drilling fluids company, until its sale to Anchor
Drilling Fluids.
Mr. Zeidman is also Chairman Emeritus of the United States
Holocaust Memorial Council, Chairman Emeritus of the University of Texas Health Science System Houston,
interim Chief Financial Officer of the Texas Heart Institute and is
Vice Chancellor of the Houston Community
College System. He further serves on the Board of
Directors and Executive Committee of the University of Saint Thomas and is National Campaign
Chairman of Development Corp of Israel (Israel Bonds).
He currently serves as Chairman of the Board of CompanionDx (a
healthcare concern) and also Chairman of the Board of Petroflow
Energy, and as a Director of Petro River Oil, Hyperdynamics Corp.,
Lucas Oil, Straight Path Communications, Inc. and Prosperity Bank
in Houston. He was formerly
Bankruptcy Trustee of AremisSoft Corp. and Co-Chief Restructuring
Officer of TransMeridian Exploration Inc.
"We are excited that Fred will join senior management and become
an integral part of our organization, positioning us for
exceptional growth in the restructuring cycle we see ahead of
us. Access to board rooms to permit us to provide a suite of
value-added services is always our focus, and Fred will aid greatly
in those efforts," noted Kaufman.
Owsley said, "The expansion of the team to include Fred is an
important step in our efforts to continue to build a firm
responsive to the needs of boards of directors and control
stockholders which find themselves in increasingly more challenging
environments. We look forward to a long and productive
relationship with Fred, who brings extensive client-side and
operational experience to our core team."
"It is a privilege for me to join Gordian Group," commented Mr.
Zeidman. "I feel this is the first time I have found a
perfect fit in the advisory sector for what I love to do. I have
come to know and respect the very talented team at the firm, and
the sophisticated advice and judgment Gordian Group provides to
boards of directors in an increasingly complex and litigious world
appeals to me greatly as a platform. I look forward to
assisting in the growth of that business."
About Gordian
Founded in 1988, Gordian Group is an investment bank providing
advisory services with respect to financial restructurings,
complex, "story" and/or distressed M&A and capital raises, both
in and out of bankruptcy, as well as structured finance
remediation, opinions and expert witness and litigation support
services.
Gordian Group is continually recognized as a national leader in
solving complex issues and has completed over 275 engagements on
behalf of companies, boards of directors, and shareholders
(including entrepreneurs and private equity firms), as well as a
decades long history advising banking and insurance institutions
and regulators, state governments and federal agencies.
Gordian Group's website address is www.gordiangroup.com, and all
press inquiries should be directed to Leslie Glassman at (212) 486-3600,
ljg@gordiangroup.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/gordian-group-appoints-fred-zeidman-as-chairman-300011941.html
SOURCE Gordian Group