Doron Grosman has joined Court Square Capital as the firm’s first resource partner. He most recently was president of Hexcel Corp. (NYSE:HXL), a $1.3 billion carbon fiber materials manufacturer. The Lancer Group served as recruiter for Court Square.
The Lancer Group has successfully recruited Doron Grosman to Court Square Partners as the private equity firm’s first Resource Partner.
Since 1980, Court Square has invested over $4.5 Billion in more than 150 transactions, generating more than $14 Billion in returns to investors and partners. Court Square spun out of Citigroup as an independent entity in 2006.
Court Square initiated the search for a senior operating executive that would complement the deal team. The firm wanted an executive who had the flexibility developed as a consultant working across multiple industries and business models, and the credibility earned as a C-level executive dealing with similar challenges that Court Square’s portfolio company CEOs face.
The Lancer Group targeted executives across North America, Europe, and Asia, and closed the Resource Partner search in 81 days. Upon successful completion of the search, Managing Partner Mike Delaney commented:
“After interviewing several retained search firms, we selected The Lancer Group on a challenging internal Resource Partner search. The Lancer Group delivered a highly qualified diverse slate of candidates in a timely manner. We were extremely satisfied with the thorough research and recruiting process and the final result. Court Square will definitely work with The Lancer Group on other instrumental searches.”
The Lancer Group’s placement, Doron Grosman brings a blend of experience from consulting, Fortune 500 companies, and middle market firms to Court Square. Following Harvard Business School, Doron spent 7 years with Bain & Company. From Bain, he joined GE Corporate in the fast track management development program before moving to the $7 Billion Plastics division, ultimately working as a General Manager reporting directly into Gary Rogers, CEO of GE Plastics. After 11 years with GE, Doron joined American Standard’s Trane division ($4.4 Billion in revenue and 20,000 employees) to head worldwide Finance, Strategy, and Operations. With the Ingersoll-Rand (NYSE:IR) acquisition of Trane for $10.1 Billion, Doron took on a turnaround challenge as President of the $1.2 Billion division of global printing solutions provider, Quebecor, and brought EBITDA up from 9% in 2006 to 14% when he left in 2008. Prior to joining Court Square, he was President of Hexcel Corporation (NYSE:HXL), a $1.3 Billion carbon fiber materials manufacturer.
About The Lancer Group
Founded in 1998, The Lancer Group and is an aggressive, results-driven boutique retained search firm with the senior executive reach of large firms. Our niche is working with demanding private equity clients to bring outstanding executives to the table. Unlike the majority of our competitors, we deploy 3x the resources and manpower on each search, which enables us to recruit candidates that other firms may have missed, and quickly and successfully close searches. The Lancer Group places a cap on the amount of active searches we are conducting in order to deliver a more focused, effective search outcome. We take a tailored, “industry-analyst” approach to our research strategy. Our systematic approach is time intensive and requires more internal resources, but results in superior breadth and thoroughness of companies researched and ultimately a higher quality candidate pool for our clients.