Stephen Rotella: The Buisness Man The Philanthropist

Stephen Rotella, the CEO of StoneCastle Cash Management LLC, is a well known businessman with many interest. Rotella not only serves as the CEO of StoneCastle, he is also the chairman of LIFT’s National Board and a renowned philanthropist. He is devoted to the community, serving on many Boards such as YouthCare and and The Seattle Foundation. By working with LIFT he will be assisting communities even further by helping to combat poverty cycles in the US. He has an abundance of ties and experience in banking, retail, marketing, and development.

Stephen Rotella has been involved in business his entire adult life. He earned his Bachelors degree in Economics from State University of New York at Stony Brook in 1975, going on to earn his MBA in Information Systems/Finance from State University of New York in 1978. Although he is best know for his role as CEO of StoneCastle Cash Management LLC, Rotella is affiliated with several other well known businesses including WMIH Corporation, JP Morgan Chase and Company, and even his alma mater State University of New York and Stony Brook.

Stephen Rotella is well established now, however, there was a time when he faced quite a bit of controversy. In 2011 Rotella was serving as the COO and President of Washington Mutual Inc. when the company was sued for by the FDIC for gross negligence. In their official complaint the FDIC stated that Rotella and CEO Kerry Killinger “focused on short-term gains to increase their own compensation, with reckless disregard for WaMu’s longer term safety and soundness.” While Killinger was irate and released several public statements to express his distaste, Rotella only commented on his dismay that his wife and family would now be drug through the media. Eventually, Rotella along with Killinger and business partner, David Schneider, agreeded to a $64 million settlement. This amount was a far cry from the $125 million that the FDIC had sued for originally.

After moving past the incident with Washing Mutual Inc. Rotella went on to continue his career in the business field. He was elected to LIFT’s National Board in 2015 and still holds the position of CEO for StoneCastle Cash MAnagement LLC. He devotes his free time to helping those under privileged with special interest in home ownership and the arts.

CEOs Don Ressler and Adam Goldenberg Steer TechStyleTo Greater Heights

January 9th, 2017 Update to the story:
Don Ressler broke down where TechStyle is headed in the future, in an exclusive with Entrepreneur magazine. The article talks about what Don and Kate Hudson have planned for their active wear line, but also what technology and innovation will mean to their brand. It’s very insightful, and interesting to see what they have up their sleeve next.

JustFab Inc. revealed their new corporate identity with the launch of the TechStyle Fashion Group by Goldenberg and Ressler. The Group maintains the company’s original roots in technology while enhancing its evolution from a single e-commerce platform to a global brand. TechStyle has a VIP membership base of over 4 million across various brands like JustFab, ShoeDazzle, Fabletics, and FabKids.

Data-driven Marketing Platform Shaping TechStyle and its brands
The company embraces the data driven marketing strategies to boost it’s client base that has risen to over 10 million members and over 4 million VIP members over the years. Adam Goldenberg and Don Ressler have stayed on the vision to transform the way people shop by offering on-trend fashion value at incredible prices. The company has evolved into a brand-building platform driven by data and personalization.

By managing the entire business cycle on vator.tv right from product creation, distribution, manufacturing, software development, and marketing, the group has taken over the fashion industry to the benefit of its members.

The brand new corporate identity succeeds a rapid growth demonstrated over the last six years. The company of Goldenberg and Ressler has become one of the top online fashion retailers carrying out its own design, manufacturing, and distribution. TechStyle Fashion Group is estimated to surpass $650 million in net revenue through its subscription and merchandising by close of 2016.

Read more: Happy in El Segundo: TechStyle COO Anton Von Rueden on the Perks of Life in the South Bay

Funding history of TechStyle Group
In 2013, TechStyle, the then JustFab, closed another round of funding worth $85 million led by their new investor Passport Special Opportunity Fund. The firm’s existing investors including Matrix Partners, Shining Capital, and Technology Crossover Ventures also participated.

The latest funding was aimed to be primarily capital and brought the total capitalization to $250 million. The valuation itself was quite attractive and very many people wanted to invest in the group. Speaking during the launch, Adam Goldenberg indicated that the strengthened balance sheet would enable the firm to negotiate better prices with their suppliers, and invest in additional inventory to support growth and expansion. The company also plans to establish a West Coast distribution center to serve their clients around those areas.

TechStyle is indeed beginning to think like a public company, and the firm’s management and investors look at a possibility of building a business worth over $3 billion.

More information on https://www.crunchbase.com/person/don-ressler/.

Fabletics: The All Inclusive Brand

Fabletics has been such a force of social media energy, that it is likely you have seen their advertisements or their social media pages in the past from your friends liking their posts. Fabletics is a brand that sells athletic wear in a membership based method. They sell everything from tops, capris, shorts, pants, sweaters and other athletic accessories that athletic minded people use.

Fabletics shoppers on My Shopper’s Addiction website viewed the Fabletics company with a generally positive or so-so mentality. Each customer said Fabletics does have great prices and that they can get a full outfit for the same price as what one athletic wear piece of clothing typically costs from other retailers in the athletic wear business. Many of the customers observed they were pleased with the wonderful designs to the athletic wear available at Fabletics.

Read more: @fabletics

Customers wrote many positive messages about the Fabletics brand directly on the Fabletics active wear website. One woman said she was so pleased with the company’s athletic wear that it is now her favorite brand. The quality was viewed positively. The shopping experience was viewed as easy and convenient. The customer service was said to be above and beyond helpful for women customers. They wrote that the experience of having to return items was a flawless and simple process for them.

Kate Hudson is a part founder of Fabletics. She has stated that when she went with the Fabletics company, she wanted it to be an all inclusive brand for women. She wanted every woman to be able to buy Fabletics wear. The Fabletics brand has put effort into making the sizes for their clothing wide ranging. They have put effort into making clothing exceptionally on fabletics.com well priced for Fabletics members. The company wanted this to happen so women of every price scale could purchase from their athletic wear line.

If you are looking for a positive shopping experience of excellent, all inclusive athletic wear, look no further then the Fabletics company.

Reference: http://thekrazycouponlady.com/tips/style/fabletics-review-need-read/

Don Ressler: Online PerformanceMarketing And Brand Building Specialist

Since the 1990s Don Ressler has been an industry leader when it comes to online performance marketing. He used that talent and his ability to understand the interests of the public to found and develop FitnessHeaven.com, his first company. When the company was bought by Intermix Media in 2001, Ressler’s life would change for ever. His talent would take him on an upward trajectory that continues until today.

Once his company had been bought and he was hired in the marketing department of Intermix Media, Don Ressler met and teamed up with Adam Goldenberg. Together they created a division of the company called Alena Media. The division made Intermix Media hundreds of millions of dollars and was one of its primary income generators. When News Corp purchased Intermix Media in 2005, Ressler and Goldenberg struck out on their own to seek their fortune. Within a few weeks they founded Brand Ideas/Intelligent Beauty, a business incubator that would be the source of several successful businesses.

Read more:
Happy in El Segundo: TechStyle COO Anton Von Rueden on the Perks of Life in the South Bay
JustFab raises $85M at what sources say is a $1B valuation

Don Ressler long had the reputation of being a brand-building and business guru. His work with Intelligent Beauty further bolstered that image. The company created DERMSTORE, a beauty and skincare product marketplace as well as SENSA, a weight-loss system. Both companies did very well. Soon Ressler and Goldenberg was working on a new concept. A company that would offer a personalized online fashion shopping experience that merged cutting-edge fashions with social interaction and offered the clothing at affordable prices. That company was called JustFab, an online fashion subscription company.

Shopping at JustFab was a fun, engaging experience that people loved. When Ressler and Goldenberg added fashion icon Kimora Lee Simmons to the JustFab team, the company quickly grew to 6 million members worldwide. Ressler, Goldenberg and Simmons then joined with actress Kate Hudson to form the online subscription active wear company Fabletics. Fabletics has quickly become an international success with their stylish, comfortable, versatile clothing. Support for the new brand has been so great that Fabletics is no longer just available online. They are in the process of opening about 100 bricks and mortar stores.

Since the beginning of his career, Don Ressler helped to generate $100s of millions of dollars in capital and sales for a variety of internet based companies. His marketing genius has now also helped to generate billions of dollars for Intelligent Beauty, JustFab, Fabletics and the other companies he helped create.

Find more stories about Don Ressler on Matrix Partners

STEPHEN P. MURRAY: THE STORY OF CCMP CAPITAL

Stephen Murray was a private equity investor and philanthropist. He was the founding partner of CCMP Capital and the CEO of the firm from 2007 up until his departure in February 2015. Stephen Murray was born on August 2nd 1962 to parents Joseph and Nancy Murray of Ossining, New York. He graduated from Boston College with a degree in Economics and later went on to earn a master’s degree in Business Administration in 1989 from Columbia Business School.

In 1989, Stephen Murray joined Manufacturers Hanover Equity Corporation which combined Manufacturer Hanover’s private equity group with its leveraged finance unit. MH Corporation was bought by Chemical Bank in 1991 which saw MH Equity Corporation merge Chemical Venture Partners. In 1996, Chemical Bank merged with Chase Manhattan Corporation and Chemical Venture Partners became Chase Capital Partners. In 2000, Chase merged with JP Morgan and Chase Capital Partners was renamed JP Morgan Partners.

Murray became head of buyout business at JP Morgan Partners in 2005. In August 2006 however, CCMP Capital was founded from a spin out with JP Morgan Partners and specializes in middle-market leveraged buyouts and growth equity investments. Murray was among the founding partners of CCMP Capital. In 2007, he became the CEO of CCMP Capital, a position he held till February 2015. Before his departure from CCMP, Murray was able to close CCMP’s first independent fund with 3.4 billion dollars in committed capital.

Read more: Back to Business for CCMP Capital Advisors

Aside from his position as CEO, Murray was involved in philanthropy and was on numerous boards in fields ranging from entertainment to hospitality. He was involved in Make A Wish Foundation of Metro New York, Boston College, Food Bank of Lower Fairfield County, Stamford Museum and Columbia Business School. He was also the vice chairman of the Board of Trustees of Boston College and a member on the chairman’s council of the Make A Wish Foundation of Metro New York.

He served on the board of several companies including Aramark, Generac Power Systems, AMC Entertainment, Warner Chilcott, The Vietnam Shoppe, Cabela’s, Pinnacle Foods and Legacy Hospital Partners.

Upon his departure from CCMP Capital, the reason for his departure was undisclosed and this led to a frenzy of media speculation. On March 12th 2015, Stephen Murray passed away at his home in Stamford, CT. News of his demise were released in a statement by the CCMP spokesman, Mr. Brenneman, revealing that his departure from the firm was because of health related problems.

Follow Stephen Murray on Crunchbase

The History of IAP Worldwide Services

One of the top companies in logistics and facilities management is IAP Worldwide. This company is based in the United States and provides a number of infrastructure development and support services to government entities worldwide. In most cases, IAP Worldwide helps the United States government and the military establish a base of operations in any area of the world. In order to help these government entities, IAP Worldwide does a number of tasks that are very helpful. First, IAP Worldwide will design and develop roads that make it easier to use vehicles for transporting items. It also provides construction of buildings that allow the government organizations to conduct everyday operations in. With IAP Worldwide, the government will also get management of both communication and technology systems as well.

Read more:
IAP Worldwide Services Division Develops Afghanistan’s Air Traffic Control System

The history of IAP Worldwide Services dates back to the early 1990’s. At the beginning of its history, the company specialized in a number of logistics and procurement services. After a while, the government noticed that IAP can help the Army by transporting generators at their base and on the battlefield. When the first Gulf War began, IAP Worldwide was involved in providing generators to the Army during Operation Desert Storm. With its excellent management of this vital task, the Army helped give IAP a very favorable reputation. As a result, the company was able to become a highly trusted partner with the military and the government. Along with transporting supplies, IAP also specialized in disaster relief, power generation and also transportation services.

By the middle of the 2000’s decade, IAP merged with a company known as Johnson Controls Worldwide Services. As a result of this merger, IAP renamed itself IAP Worldwide Services and offered more types of assistance to its clients. Now, IAP Worldwide Services provides technical services, operations support services and global operations. Due to its many ways of assisting the government with logistics and operations services, IAP Worldwide has proven to be among the most trusted companies in terms of solving a variety of problems that occur when looking to get established in remote locations in the world.

There are a number of employment opportunities that individuals can take advantage of when looking to work at IAP Worldwide Services. The company offers positions as a finance analyst. With this position, an individual can manage and oversee some of the financial operations of the company. Another position that the company offers is an air traffic controller. This particular position allows individuals to check and oversee flights that are coming into and leaving an airport. IAP Worldwide Services also offers positions as a contracts and information technology systems administrator.

Find IAP Worldwide jobs on CareerCast
Contact IAP Worldwide on IAPWS.com

Don Ressler And The Need To Stand Out

While a lot of people do feel a need to blend in, success depends on one’s ability to stand out. However, one of the issues that a lot of people have with standing out is that they are afraid of ridicule. This is one major risk that people often take with fashion. They look for some styles that they are not used to wearing and they find that they are faced with the fear of being ridiculed. However, this is a risk that people take when they shop at stores that have unique pieces of fashion. However, they find that not only do people not ridicule, but they admire them.

However, the only way to find some unique clothes is to visit the right stores. One store that is good to visit is Fabletics. This brand is a subdivision of JustFab. Don Ressler and Adam Goldenberg are among the people involved with running the company and providing people with products that are unique and stylish. Don also look for markets that have a gap in it so that they could provide something new and maximize their profits. One example of a market that had a gap in it is the active wear section according to Don Ressler.

One thing that could be said about fashion is that this allows people to find some clothes that they like and find the right fit. When women find the type of clothes they like, Don Ressler are likely to experience an improvement in their self confidence. This is one of the reasons that a lot of women care about fashion. While they understand that how a person looks is not a good indicator on the type of person they are, Don Ressler do take the time to make sure that their look is the way they want it to be.

Don Ressler’s JustFab allows people to stand out. One thing that some people understand is that blending in can be boring. Also, people that want attention need to take the necessary steps to stand out. Fabletics makes it easier for women to find the type of clothing they like in the athletic industry.

Read more:
Forbes Magazine Features the Teamwork of TechStyle Co-CEO’s
JustFab raises $85M at what sources say is a $1B valuation

InnovaCare Health Recruits New Healthcare Executives into the Leadership Team

InnovaCare Health, is a leading Medicare Advantage and Medicaid organization, which offers healthcare services to people living in Puerto Rico. Recently it bolstered its leadership team’s experience by recruiting three executives according to Rick Shinto. Two of the newly recruited healthcare executives have previously worked with government programs (Medicaid and Medicare).

Jonathan Meyers
Jonathan is currently InnovaCare Health’s Chief Actuary Officer. Before he joined InnovaCare, Jonathan worked for Horizon BCBS, New Jersey’s largest carrier as the Director of Medicaid, Actuarial Services and Medicare. He had also worked at HealthCare Partners, New York as the Chief Actuary. HealthCare Partners is a division of the Heritage Medical Systems, and he was the VP and CFO of Managed Care in various periods.

Penelope Kokkinides
Penelope was appointed to the post of the Chief Administrative Officer at InnovaCare Health. She possesses more than 20 years relevant experience in healthcare specializing in managed care industry and government programs like Medicaid and Medicare. She is an expert and quite knowledgeable in the development of clinical programs and management of healthcare operations and processes. She does this with an aim of improving organizational infrastructure and efficiencies. She has served in various executive roles e.g. as Chief Operating Officer and executive VP of Centerlight HealthCare. She was the overall manager who directed care division’s major course.

Mike Sortino
Mike was appointed as the new chief accounting officer at InnovaCare Health. He was the immediate former Samsung Fire & Marine Insurance Company controller. He was also the C.F.O. at HCC Specialty for over five years. His experience spans 20 years in reinsurance and insurance industries, and over five years in the field of public accounting.

Read more:
Aveta Inc. President & CEO Rick Shinto, M.D. Receives Ernst & Young Entrepreneur Of The Year® Award
InnovaCare Health Announces Three Additions to Leadership

C.E.O.’s Reactions
Richard Shinto, InnovaCare Health president and C.E.O., described the three new additions as the true reflections of the high levels of professional integrity, expertise and experience that the company seeks. Rick Shinto added that their unique skills and background would benefit the company a lot as it navigates the ever-changing and complex healthcare landscape.

About Dr. Richard Shinto
Rick Shinto is the current president and C.E.O. of InnovaCare. He held the same positions at Aveta Incorporated from 2008 until 2012 when it was sold. He is the CEO of all health plans of InnovaCare in Puerto Rico. Rick Shinto has over 20 years of operational and cinical healthcare experience in the field of managed care.

About Penelope Kokkinides
Penelope is the current Chief Administrative Officer at InnovaCare from June 2015. She was the C.O.O. of InnovaCare and Aveta Incorporated previously. She has over 20 years experience in government programs and in the managed care industry.

Logistical Services Career With IAP Worldwide

IAP Worldwide is a top level logistical support firm with a global network of operations teams. The company stands for ingenuity and purpose, IAP has recently been recognized as a highly respected company to work for. IAP Worldwide is most noted for hiring veterans that have served in the armed forces. The company has no discrimination policy and is actively hiring individuals with interests in logistical services.

On the IAP website there are also career options that are available to those with interests in joining a logistical support team. IAP Worldwide provides full training and thorough background checks on potential applicants are required. The positions that are available can also be found on various job posting sites online. Positions such as Manager of Infrastructure Services and Director HR Strategic Initiatives are just a couple of the jobs that are being offered by IAP Worldwide.

Read more:
Kaye Scholer Represents Lender Group in IAP Worldwide Restructuring

Once an applicant is hired by IAP Worldwide they are eligible to receive a whole host of benefits. IAP believes in rewarding their staff with financial planning options as well as the best medical coverage on iapws.com. Employees are also rewarded and recognized for reaching team and professional milestones throughout their careers with IAP.

Other career opportunities that are currently being offered by IAP are Electronic Technician II, HVAC Technician, and Air Traffic Tower Controllers are needed. Many of these jobs require that employees work and perform their duties abroad. IAP also provides their workers with the added benefit of being able to travel abroad and visit other countries while performing their job duties.

Along the way logistical support during times of disaster has become a critical component to the services that IAP provides to their clients. IAP Worldwide provided disaster relief efforts ahead of schedule during the hurricane Matthew storm in early October 2016. By assembling a team of well qualified individuals IAP was able to bring together efforts that helped the communities that were affected by the storm. IAP CEO and Director Doug Kitani recently made a statement regarding IAP’s involvement in the hurricane Matthew relief efforts. To sum it all up he was very proud that IAP took part in it all.

The Business Mind of Stephen Murray

Stephen Murray was a private equity investor, as well as a noted philanthropist. He is the former president and CEO of CCMP Capital. CCMP Capital is a private equity firm. It focuses on buy out and growth transactions. Murray founded CCMP Capital as a spin-off of JPMorgan Chase. He had become the leader of the buyout business at JPMorgan Partners in 2005. By 2007 he had been named CEO of CCMP.

Murray had a specific vision when he entered the team at JPMorgan Partners. He felt that the investment market was in jeopardy due to the easy access to credit at that time. He wanted to place his company in a position where it would be able to take advantage of a shift in trends. He enlisted the help of some successful and well-known business strategist from other companies. The first CEO he hired was Richard Zannino.

Zannino was a chief executive at Dow Jones and Co. His work drew the attention of Rupert Murdoch’s News Corps, who eventually acquired the company. Karl Kurz soon followed. Kurz had done exceptional work in the field of energy. He was respected in the industry for his role in expanding the global presence of Anadarko Petroleum Corps. Murray would name Greg Brennamen Chairman of CCMP in 2008. Brennamen had several successful runs as chief executive officer. He was noted for turning around companies such as Continental Airlines, Burger King Corp, and Quiznos.

Stephen Murray abruptly resigned from his firm a month before he passed away in 2015. He cited health reasons for his resignation. Greg Brennamen made the announcement to the press. Murray’s work in private equity leaves a lasting impression. Stephen Murray was known for being patient and going against the herd when making critical business decisions. Under his leadership, CCMP raised a 3.6 billion dollars fund in Murray’s final year with the organization.

Read more:
CCMP’s Murray dead at 52
CCMP Capital Advisors Gets Backing to Resume Investing From Fund