Douglas L. Braunstein and James C. Woolery launch Hudson Executive Capital

January 20th, 2015
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Douglas L. Braunstein, former Vice Chairman, JPMorgan Chase & Co., and James C. Woolery, former Chairman-elect, Cadwalader, Wickersham & Taft LLP, today announced the formation of Hudson Executive Capital LP. The Firm has been formed to identify opportunities where actionable strategic and corporate finance solutions can drive returns through Constructive Engagement with managements, boards and shareholders. The Founding Partners' strategic and operational experience, corporate finance expertise and extensive network of relationships will be directed towards value-oriented investment opportunities in industry verticals representing more than 80% of the S&P 500.

The founding members of the Firm include 14 CEO Partners, who together with Mr. Braunstein and Mr. Woolery, are committing approximately $250 million in capital to the Firm's business. The CEO Partners will form the Firm's Advisory Board and together bring over 200 years of public company CEO experience and service on the boards of 68 public companies across the Firm's key industry verticals.

The CEO Partners are: Douglas Bergeron, Marc Casper, Darwin Deason, Fred Eshelman, Joseph Gromek, William Harrison, Stephen Hemsley, Ernest Mario, John McGlade, Alan Miller, Howard Milstein, Paul Ormond, Ivan Seidenberg and Douglas Steenland.

"Jim and I are pleased to form Hudson Executive Capital," said Doug Braunstein, Founder and Managing Partner. "We bring a value-oriented, industry-focused investment approach that will combine our collective management and strategic insight with active engagement around corporate finance strategies. We feel privileged to have such a distinguished group of leading corporate executives serve as our CEO Partners, who have produced strong shareholder returns and have led organizations recognized for excellence, integrity, collaboration, professionalism and performance. We look forward to working closely with public companies and our CEO Partners to create value."

"There is a significant and growing opportunity in the market today for shareholders to work collaboratively with companies to strengthen corporate strategy, enhance performance, and generate superior returns," said Jim Woolery, Founder and Managing Partner. "Founding the Firm on the principle of Constructive Engagement combined with our unique mix of expertise and corporate backgrounds, allows Hudson Executive Capital to be well positioned to execute on compelling investment opportunities."

"Doug and Jim have earned their reputations as preeminent corporate executives through strategic decision-making and extensive corporate execution experience over the course of their careers," said William Harrison, former Chairman and CEO of JPMorgan Chase & Co., and a CEO Partner.

"The other CEO Partners and I are excited to partner with them in this new venture. Numerous management teams, boards and shareholders have benefited from their strategic ideas, investment insight and execution experience and the current market includes many public companies that could benefit from the Firm's capital and strategic expertise."

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Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Hedge Fund Launches and Hedge Fund Closings


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