1 Dec 2011
London, December 1, 2011 – Global alternative investment firm Investcorp today announced the appointment of Scott Freidheim as Chief Executive Officer, Europe.
Scott joins Investcorp from Sears Holdings, where he was an Executive Vice President. Previously he was Chief Administrative Officer and Executive Vice President at Lehman Brothers. During his 17 years at Lehmans he held senior executive positions in the investment banking, investment management and corporate divisions.
Scott is a past Young Global Leader and member of the Global Agenda Council of the World Economic Forum, a member of the Board of Trustees of the Institute of International Education, which administers the Fulbright Scholarship program, and a member of the Council on Foreign Relations. He has a B.A. in Economics from Northwestern University and an MBA from the Kellogg Graduate School of Management. He was brought up in France, Brazil and the US.
Nemir A. Kirdar, Investcorp Executive Chairman & CEO, said: “Scott’s combination of senior management experience in investment banking and top level operations experience in retail and consumer products is very relevant to us at this time. Investcorp has a 30-year track record of successfully investing capital from the Gulf to support European and US companies and, more than ever at this challenging financial juncture, we believe there is considerable unrealized potential and overlooked value in companies in countries across Europe.”
Investcorp reported profits of $140.3 million for its 2011 fiscal year ending June 30, 2011, an increase of 37% over the previous fiscal year.