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ForteCEO Group Selects Michael K. Lorelli to Join Its Team of Senior Interim Executives
| Source: ForteCEO Group
CHICAGO, IL -- (MARKET WIRE) -- March 20, 2007 -- ForteCEO Group (ForteCEO), a leading provider
of interim senior executives to meet the needs of privately owned
companies, announced today the appointment of Michael K. Lorelli to its
team of more than 200 executives. Mr. Lorelli is a seasoned executive with
more than 30 years of experience building both large and small companies.
As a ForteCEO operating executive, he will be assigned to work with
companies matching his functional and industry areas of expertise to help
business owners build value, manage rapid growth or overcome challenges.
Prior to ForteCEO, Mr. Lorelli spent the last 12 years leading private
equity backed companies specializing in growth, revitalization and
turnarounds. His most recent engagement was with Latex International,
Inc., where he spent three years and also served as president, chief
executive officer and a member of the board of directors. Latex
International, Inc. is the leading manufacturer of Talalay latex mattress
components and latex foam pillows in North America.
Mr. Lorelli's other private equity experience includes Equality
Specialties, Inc., president, CEO and a member of the board of directors,
2003; Strategic Optical Holdings, Inc., president, CEO and a member of the
board of directors, 2001-2002; Air Express International, Inc., vice
president and chief development officer, 1999-2000; Bryant Partners LLC,
partner, 1997-1999; and Tambrands, Inc., president - Americas, 1994-1996.
"Michael is an extremely successful business leader with extensive
experience building profitable companies, and we are very excited to have
someone of his caliber on board with us," said Mark Rittmanic, founder and
chief executive officer of ForteCEO. "The addition of Michael to our team
of operating executives furthers our mission to attract the best and
brightest leaders in the country, all of which have successfully run their
own companies and are now at a point where they want to use their wisdom
and experience to help other business owners succeed."
Prior to working as a private equity consultant, Mr. Lorelli spent 20 years
in various leadership roles at Fortune 100 companies including PepsiCo,
Inc., Esmark, Inc. and Bristol-Myers Squibb Company. During his nine years
with PepsiCo, Inc., Mr. Lorelli held four positions of increasing
responsibility, beginning with his position as senior vice president of
marketing, then executive vice president of Pepsi-Cola North America, and
moving to president of Pepsi-Cola East and culminating with a position as
president of Pizza Hut International. During his two years as president of
Pizza Hut International, Mr. Lorelli directed the division's growth
strategy and successfully increased Pizza Hut's presence from 68 to 92
countries, surpassing McDonalds.
Mr. Lorelli resides in Darien, Conn. He holds a Master of Business
Administration in Marketing from New York University's Stern School of
Business and a Bachelor of Engineering in Industrial Engineering from New
York University's School of Engineering and Science.
About ForteCEO Group
ForteCEO Group is the leading provider of interim senior executives to meet
the needs of privately owned companies. ForteCEO has become the go-to firm
for solving critical business problems because it understands the unique
issues facing private companies. We work in leadership and mentoring
roles, and have a passion for solving problems and seeing businesses
thrive. Our assignments can be short or long term. Our clients are owners
and investors who want a change agent who can dive into challenging
situations, make things happen and put the business on that path to
success. More information on ForteCEO Group can be found at
www.forteceo.com