Richard J. Bressler Joins Thomas H. Lee Partners as a Managing Director and Head of Firm's Strategic Resource Group
Richard J. Bressler Joins
Thomas H. Lee Partners as a Managing Director and Head of Firm's
Strategic Resource Group
Former Viacom and Time Warner Senior Executive Brings Deep Media and Publishing Expertise to Firm and Its Portfolio Companies
January 9, 2006, Boston - Thomas H. Lee Partners, a leading private equity firm, announced today that Richard J. Bressler has joined the firm as a Managing Director and head of its Strategic Resource Group, which provides a range of services to portfolio companies. Bressler, 48, is a broadly experienced senior executive who was most recently Senior Executive Vice President and Chief Financial Officer of Viacom Inc., with responsibility for managing all of Viacom's strategic, financial, business development, and technology functions before its recent split into two separate companies. He had previously served as Chairman and CEO of Time Warner Digital Media and Executive Vice President and Chief Financial Officer of Time Warner.
Scott Sperling, Co-President, said, "Rich Bressler is a world-class executive who has extensive senior level experience working with outstanding operating managers. Given our firm's long history of attracting and successfully partnering with strong operating managers, Rich's proven capabilities in that regard is a wonderful fit for us. His stellar track record at two of the world's largest companies, combined with his deep strategic insights and strong network of relationships, will enrich our already strong capabilities. As one of 13 senior partners at the firm, we are confident that Rich will add tremendous value to our portfolio companies and to our development of attractive new investment opportunities in the media and publishing sectors.
Richard Bressler said, "After many years on the corporate side, this is a compelling opportunity for me to invest as a principal, and to do so as part of an outstanding team with a superb track record and many opportunities ahead of it. I am honored to be joining the firm."
Before joining Viacom in 2001, Bressler spent 13 years at Time Warner in a wide variety of senior positions also including Chief Executive Officer of AOL Time Warner Investments. Before joining Time Inc. in 1988, he had been a partner at Ernst & Young.
Bressler is Chairman of the Audit Committee of the Board of Directors of Warner Music Group. He is also Chairman of the Board of the Center for Communication and is on the Board of Visitors of the Fuqua School of Business at Duke University, the Board of Trustees of the New School, and the Dean's Council of Columbia University's School of the Arts. He has a B.B.A. degree with honors from Adelphi University.
About Thomas H. Lee Partners
Thomas H. Lee Partners is one of the oldest and most successful private equity investment firms. The firm acquires substantial ownership positions in growth companies and since its founding in 1974, it has invested in over 100 businesses. Over the past 15 years, the firm has invested approximately $10 billion of equity while building companies of lasting value. Thomas H. Lee Partners has long generated industry-leading returns for its investors and operating partners.