Oak Hill Capital Names Alan J. Lacy as Senior Advisor
For Immediate Release
New York, NY. July 11, 2007 – Oak Hill Capital Partners announced today that it has named Alan J. Lacy as a Senior Advisor to the firm. Mr. Lacy was formerly the Vice Chairman and Chief Executive Officer of Sears Holdings Corporation. Mr. Lacy will consult across Oak Hill’s private equity portfolio and will work closely with the firm’s Consumer, Retail & Distribution industry group.
Mr. Lacy has approximately 30 years of experience in senior roles at major retail and consumer products companies, including Sears, Kraft and Philip Morris. During Mr. Lacy’s tenure as CEO of Sears, Sears created significant value for shareholders by executing major restructuring and growth initiatives, including the merger of Sears and Kmart, the acquisition of Lands’ End and the sale of Sears’ credit business.
“We are delighted to welcome Alan Lacy to the team of operating professionals working closely with Oak Hill’s portfolio companies. We believe his extensive experience and knowledge of the retail and consumer products industries make him an ideal addition to our team. We look forward to benefiting from his strategic perspective, industry relationships and operating expertise,” said Tyler Wolfram, a Partner at Oak Hill Capital.
Mr. Lacy commented, “I have tremendous respect for Oak Hill Capital’s strong franchise and record of successful private equity investing for over 20 years. I am particularly attracted to Oak Hill’s thematic approach to investing and the firm’s emphasis on adding value to its portfolio companies. I look forward to working closely with Oak Hill’s investment professionals and the management teams of its portfolio companies.”