Jeffrey Hecktman, Chairman and CEO of Hilco Global, announced the appointment of Paul Feehan as Chief Financial Officer at the international financial services holding company. Feehan will be responsible for managing the finance operation for the global holding company and will be involved in all strategic and tactical matters as they relate to investments, capital structure and allocation, risk management, cash management and financial planning.
Feehan will be taking over this role from John Chen, who has been managing these duties in addition to his current responsibilities as Chief Operating Officer which he will continue. Feehan will initially report to Chen during the integration process and then will report Chairman and CEO Jeff Hecktman once the transition is complete.
"I've known Paul as a colleague and business leader for many years and I'm thrilled that he will be joining our management team," said Hecktman. "There is no doubt that his impressive level of accomplishment over more than 25 years at GE Capital make him an unusually good fit for the complexity of our business operations and the many transactions we complete each year worldwide."
Feehan has built an impressive career in financial services at GE Capital since joining in 1987, most recently having served as the Chief Credit Officer for its Corporate Finance unit, where he led a team that managed a portfolio of $6 billion of middle market loans. Mr. Feehan brings with him a deep knowledge and expertise in all aspects of corporate finance transactions, mergers & acquisitions, refinancing and bankruptcy/restructuring. "Paul understands the Hilco Global business model well having worked with so many of our executives on various deals over the years," said Hecktman.
Feehan is expected to provide leadership in business development efforts and outreach as well, especially given he is a well-recognized advisor to C-Suite level executives at private and public companies as well intermediaries, ABLs, Banks, PE Firms and Hedge Funds. Hecktman continued, "Paul's strong interpersonal skills and many years of building and managing highly effective teams at GE Capital will be a great asset and make him an effective leader of our finance group."