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PE-owned CROSSMARK appoints ex Walmart EVP for board of directors

CROSSMARK, a portfolio company of Warburg Pincus, has added Duncan Mac Naughton to its board of directors. Mac Naughton is a former executive vice president and chief merchandising officer of Walmart U.S. at Wal-Mart Stores. Headquartered in Plano, Texas, CROSSMARK is a provider of sales and marketing services for the consumer goods sector.

Warburg to Buy CROSSMARK

Warburg Pincus has agreed to make a majority investment in CROSSMARK. Financial terms were not announced. Company management will have a “significant” equity position. Plano, Texas-based CROSSMARK is a sales and marketing services company in the consumer goods industry. BofA Merrill Lynchadvised CROSSMARK, while Slava Leykind and Fuad Sawaya of Sawaya Segalas provided financial advice to Warburg.

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