WASHINGTON – Peter Goldstone, the former president of Hanley Wood LLC, is back as CEO of the business-to-business (B2B) media and trade-show company.
The company also announced today that Frank Anton, CEO since 2005, will move to a chairman-of-the-board role in the next month.
Hanley Wood, the parent company of SURFACES | StonExpo Marmomacc America producer/owner Hanley Wood Exhibitions, went through a recapitalization in mid-January to sharply cut long-term debt and obtain additional funding.
Goldstone spent 11 years with Hanley Wood, including a 2009-2010 stint as president. Before that, he oversaw the company’s business-media and exhibitions division.
In November 2010, however, a corporate senior-management restructuring resulted in a company statement that Goldman was “leaving the company, effective immediately.”
After that, Goldman worked as president of Government Executive Media Group for Atlantic Media.
“I am thrilled to be rejoining Hanley Wood, which was my home for 11 years,” Goldman said in a company statement. “I also feel fortunate to team up once again with my good friend, Frank Anton. We have been solid partners, and we share a passion for aggressively growing this business.
“Although the next chapter of growth will most certainly look different, Hanley Wood will continue to lead and serve the construction market with robust engagement platforms and information products. I am eager to get started.”
Anton noted, in the same statement, that, “it was time to take a step back so I could focus more of my time on helping the company from a higher-level strategic perspective.
“Given how much I care about Hanley Wood and its employees, I wouldn't have felt comfortable making this move if it weren't for the fact that I was able to recruit such a high-caliber and dynamic leader as Peter Goldstone back to the company.”
In mid-January, Hanley Wood reduced its long-term debt from approximately $410 million to $80 million in a deal that also included a new ownership group led by Los Angeles-based Oaktree Capital Management L.P., Strategic Value Partners LLC of Greenwich, Conn., and Tennenbaum Capital Partners LLC of Santa Monica, Calif.
The new ownership also injected $35 million in new capital into Hanley Wood.
Previous owner J.P. Morgan Partners acquired Hanley Wood in 2005 from the Veronis Suhler Stevenson private investment group for $650 million, in reportedly the second largest B2B media deal in U.S. history.
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