SOURCE: Peter J. Solomon Company

Peter J. Solomon Company

March 15, 2016 11:09 ET

Economist and Investor Dr. John Pound Becomes Advisor to Peter J. Solomon Company

NEW YORK, NY--(Marketwired - March 15, 2016) - Private investment banking firm Peter J. Solomon Company (PJSC) today announced that Dr. John Pound, investor, former Harvard professor, and former senior economist with the U.S. Securities and Exchange Commission, has become a senior advisor to the firm. Dr. Pound has wide-ranging experience that combines over 20 years of involvement in both startups and turnarounds at retail and consumer goods companies with a research career focused on corporate governance and activist investment strategy. As a senior advisor, Dr. Pound will work closely with PJSC's Global Retail Group to help create long-term shareholder value for the firm's clients. 

PJSC Founder and Chairman Peter J. Solomon pointed to Dr. Pound's reputation for innovation in the development and management of numerous retail and consumer goods companies. "We are excited about having John on board. At a time when retailers continue to face significant challenges, John's entrepreneurial background as an operator and investor, and his experience in governance, will enhance our ability to provide clients with thoughtful advice and creative solutions."

Dr. Pound added, "I am delighted to be joining Peter J. Solomon Company as a senior advisor. They are leaders in the retail and multi-channel sector. I have had the privilege, in some of my past corporate involvements, of observing their unique approach, which is focused on comprehensive strategic advice to clients. I look forward to working with them on the wide range of issues faced by retail and multichannel firms in today's fast-changing environment."

Dr. Pound began his career in academia and public policy. He served for a decade on the faculty of Harvard University and as a senior economist at the U.S. Securities and Exchange Commission; he was a recognized authority on corporate governance and shareholder activism and activist strategies. He has published widely on these subjects; proposed and spearheaded SEC reforms; and advised numerous boards and investors on resolving disputes. 

As an investor (since leaving academia in 1997), Dr. Pound has focused exclusively on retail and consumer products companies. By combining investment discipline with operating and strategic expertise and his background in governance, he has sought to be a value-added investor and partner to boards and management teams. Dr. Pound has been involved in more than a dozen turnarounds at public retailers, holding board positions and helping to oversee turnaround and growth strategies at Gymboree and Cost Plus World Market; serving as chairman of e-commerce gift retailer, RedEnvelope and Spy Optic, an action sport sunglass brand. He has also held investments in companies including Christopher & Banks, United Retail Group, and Kirkland's among others. 

More recently, Dr. Pound has been an angel/venture investor in emerging brands including Portland-based apparel startup Wildfang and Three Twins Ice Cream, a San Francisco-based organic ice cream brand. In 1999 he founded Integrity Brands, Inc., a private investment and advisory practice in the specialty retail, multichannel and consumer brand sectors.

About Peter J. Solomon Company

Peter J. Solomon Company (PJSC), a private partnership, is a leading independent investment banking advisory firm that provides strategic advice on mergers, acquisitions, restructurings, financings and activism defense to owners, chief executives, senior management and boards of directors of companies and institutions worldwide.

We support our clients by providing uncompromised advice and innovative solutions that create enduring relationships. Since the founding of PJSC in 1989, we have advised on over $250 billion of transactions. As of February 2016, PJSC has entered into an agreement with Natixis, whereby the French financial services firm will acquire a 51% stake in PJSC. For further information visit pjsc.com or follow us on Twitter @PJSCtweets.

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Contact Information

  • Media Contact:  
    Diane M. Coffey
    Managing Director, Public Affairs
    212-508-1605
    dcoffey@pjsc.com