STRATEGY ONE  >  Volume IV  >  Number 2  >  Third Quarter 2006
 

New VPs, analyst on board

Underscoring its commitment to asset appraisals, Buxbaum Group has brought in two veterans of CIT Group as Vice Presidents. In their new roles with the firm, John Marcos and Christopher York both report to Executive Vice President and COO Jim Siebersma, who directs the Asset Appraisal Group.

John MarcosMarcos spent 11 years at CIT as an assistant vice-president/auditor and assistant vice-president/underwriter, and before that was an account representative for Toyota Motor Credit Corp. He earned an M.B.A. in international business and information technology from the University of LaVerne in 2002 and a B.A. in business administration/accounting from California State University, Fullerton in 1992.

Christopher YorkYork joined CIT in 2000 as an auditor/management associate. From 1993 to 1995, he served in the U.S. Navy’s Tactical Electronic Warfare Squadron 131. He graduated from California State University, Northridge in 2000 with a B.S. in business administration and finance.

 

Elsewhere at the firm, Ned Tomasevic has come on board as a financial analyst, a multi-faceted role in which he focuses on strategic buyouts, operational improvement of companies in Buxbaum Group’s turnaround investment portfolio, and evaluation of investment opportunities across a variety of industries. This includes performing due diligence and managing correspondence with company management, legal counsel and other professionals.

Most recently, Tomasevic was a consultant in the Corporate Finance and Restructuring Group at FTI Consulting in Los Angeles. In this position, he assisted in numerous Chapter 11 bankruptcy reorganizations at various stages, including determining new capital structure, operational streamlining, arrangement of new financing, evaluation of management and the preparation of bankruptcy documents. Prior to that, he was a corporate banking associate in the Leveraged Finance division of US Bancorp in Minneapolis. Tomasevic holds a BS degree in business and psychology from the University of Minnesota. ball



Management Changes continued

Jim Siebersma“These changes realign our senior management structure and will help Buxbaum Group focus even more on our core competencies,” said Paul Buxbaum.

Also joining the management team are two new vice presidents in the Asset Appraisal Group: John Marcos and Christopher York, both of whom are former auditors/field examiners at CIT Group in Los Angeles. In addition, Ned Tomasevic—most recently a consultant in the Corporate Finance and Restructuring Group at FTI Consulting—has joined the firm as a financial analyst. (See story above.)

“The shifts and additions within our corporate structure will have a positive effect on quality, particularly in our appraisal work,” explained Paul Buxbaum. “The combined knowledge of the senior management team and the talented new additions to our staff will position us well for the future.”

Siebersma joined Buxbaum Group in 1989 and has led the Asset Appraisal Group since 1996. He has been directly involved in the valuation and appraisal of billions of dollars of inventories in a wide variety consumer product categories.

 

Siebersma, who attended Iowa State University, the University of Iowa, and the Colorado Institute of Art & Design, entered retailing in 1977 with Denver’s Fashion Bar, where he eventually became merchandise buyer. In 1984, he joined San Antonio’s Frost Brothers department store and became general merchandise manager there.

“Jim has earned the trust of clients in all areas of our business, and his wide experience makes him particularly well-suited to the chief operating officer’s job,” Paul Buxbaum said.

Rusczyk joined the firm in March 2006 after working as an independent consultant for six years and practicing law for 11 years in New York. A graduate of Brooklyn Law School, he was a partner in the boutique bankruptcy-law firm of Siegel, Sommers & Schwartz, LLP, and later an associate at Kronish, Lieb, Weiner & Hellman, LLP, after Siegel Sommers merged with the larger firm.

“Scott has distinguished himself through his legal knowledge and his business acumen. He has been a valued member of our senior management team,” Paul Buxbaum noted.ball

 

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