Northbrook, IL – June 2, 2003 -- Jeffrey B. Hecktman, Chairman and CEO of Hilco
Trading Co., Inc., announced today that Arnold H. Dratt has joined The Hilco
Organization as Executive Vice President. Mr. Dratt, 58, was a principal with noted
business turnaround consulting firm, The Dratt-Campbell Company. He will take a
leadership role in business development, deal structuring and service delivery efforts,
particularly as they relate to Hilco’s engagements with turnaround and restructuring
firms and their clients.
Arnold Dratt founded The Dratt-Campbell Company in 1991. Prior to 1991, Mr. Dratt
was Executive Vice President and Managing Director of a national business crisis
management firm. He was responsible for three offices (Chicago, Cleveland and
Pittsburgh) and led approximately fifty corporate turnarounds. Mr. Dratt is a graduate of
The Harvard Law School (1969) and Amherst College (1966). He is a member of the
Founders' Council of the Governing Board of The Commercial Finance Association
Education Foundation, and a frequent lecturer before business, legal and banking
groups. He has published a number of articles on the workout process, including
Turnaround or Merry Go Round: When One Brass Ring Isn’t Enough, and Gone With
The Schwinn. Mr. Dratt has also taught a class at Northwestern University Law School
for the past eleven years on Workouts and Restructurings.
The Hilco Organization is a world leader in asset management services for healthy
companies as well as those in bankruptcy or undergoing restructuring. Through its
eight business units, Hilco provides asset appraisals, asset repositioning services which
include the acquisition and disposition of retail inventory, machinery, equipment, real
estate and accounts receivable portfolios; acquisitions of bulk lots of wholesale
inventory; and, both debt and equity financing. The Hilco Organization is headquartered
in Northbrook, Illinois, a suburb of Chicago. For information, visit www.hilcotrading.com.
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