NEW YORK CITY — May 3, 2018 — Snow Phipps Group is pleased to announce that veteran CFO Gary Spitz has joined as managing director, Financial Operations. In this role, Spitz will provide senior level support to portfolio companies and their management teams aimed at improving financial performance and conduct operational due diligence of new Snow Phipps investment opportunities. This is a new position at Snow Phipps.
Ian Snow, CEO and partner, Snow Phipps Group, said: “Gary will significantly enhance our ability to work with portfolio companies to create value for our investors. I have worked with him as portfolio company CFO on two successful investments, one in our first Snow Phipps fund and the second when I was previously at Ripplewood Holdings. Gary’s expertise and insight will be invaluable in working with CFOs across our portfolio to implement best practices in finance, taxation, accounting and controls. We welcome him to the firm.”
Spitz noted: “I enjoyed working with Snow Phipps when I was CFO of FiberVisions, and I am thrilled to have the opportunity to join their team. I am confident that my 30+ years of experience working in private equity-backed and public companies will be an attractive resource for Snow Phipps portfolio companies. I look forward to helping the CFOs and their teams strengthen their finance and accounting functions and systems during Snow Phipps’s ownership.”
Spitz joins Snow Phipps from Coriant, a private equity-backed leading supplier of optical network equipment to telecommunications companies, cloud computing and data center operators and Web 2.0 content providers. Spitz was the CFO at Coriant where he was responsible for leading all aspects of global financial services, including accounting, treasury, audit, financial planning and analysis and risk management. Previously, Spitz was CFO of FiberVisions, a Snow Phipps-backed global manufacturer of polypropylene fibers that was “carved out” of the Hercules Chemical Co. and later sold to Indorama Ventures Ltd. Before joining FiberVisions, he was corporate vice president and CFO of Kraton Polymers LLC, a $1 billion global manufacturer of engineered materials that was backed by Ripplewood Holdings in a spin-out from Shell Oil Co. Earlier, Spitz held executive and CFO positions at several other companies, including Sterling Chemical Company and the Grace Davidson Division of W.R. Grace & Company. He holds an M.B.A. from the University of Michigan and a BA from the University of Vermont.
Posted May 3, 2018
Source: Snow Phipps Group
