Stewart Cohen Named Gordon Brothers COO

Stewart Cohen has agreed to join Gordon Brothers as chief operating officer, effective May 10. He previously was executive vice president of special assets at Textron Financial.

PRESS RELEASE

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors announced today that Stewart L. Cohen will join the firm as Chief Operating Officer on May 10, 2010.

Mr. Cohen will be part of the executive and senior management team responsible for transaction origination, structuring and execution across Gordon Brothers Group’s global platform.

“We are thrilled to have Stewart join our team,” said Michael Frieze, Chief Executive Officer, Gordon Brothers Group. “His invaluable experience running, structuring and managing transactions as a lender, operator and investor will greatly benefit the firm as we continue to grow.  Having an experienced leader like Stewart strengthens our management team at a time of great opportunity for Gordon Brothers Group.”

Mr. Cohen most recently served as the executive vice president of special assets at Textron Financial where he was part of a senior team managing several billion dollars of loan wind downs and asset dispositions.  Prior to Textron, he served as a senior executive at a global asset disposition firm, focusing on corporate acquisition, asset disposition, special situations financing and consulting activities across all industry sectors.  Previously, he was the Chairman of Polaroid responsible for the wind down of the film business. He also founded and managed Paragon Capital and the Ozer Group.  Cohen began his transactional career at Gordon Brothers Group in 1989.

“It’s exciting to rejoin Gordon Brothers Group.  The firm is the market leader and gold standard in the asset valuation and disposition segment of financial services — providing creative strategies and solutions to operating companies, lenders and investors,” said Mr. Cohen. “It’s a privilege for me to return to a place and work with such talented professionals at a company that has such an incredible track record of achievement.”

Cohen will be based at Gordon Brothers Group’s worldwide headquarters in Boston, Massachusetts. 

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, making private equity investments, and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion worth of transactions and appraisals annually.