Hilco Global Names John P. Chen as Chief Operating

NORTHBROOK, Ill., May 29, 2014 (GLOBE NEWSWIRE) -- Hilco Global announced today that John P. Chen has been appointed Chief Operating Officer, a new position within the holding company. Chen previously served as Chief Financial Officer and will continue to report to Jeffrey B. Hecktman, Chairman and CEO of Hilco Global in this new capacity.

"John is a seasoned and trusted leader who consistently delivers results. He is uniquely qualified to drive the strategic prioritization and direction of Hilco Global, with a laser-focus on operational excellence," said Jeffrey B. Hecktman, Chairman and CEO, Hilco Global. "I have tremendous confidence in John's ability to implement leading operational practices and fuel growth within the 20+ operating companies within the Hilco Global organization."

Effective immediately, Chen will assume responsibility for the company's operations in order to enhance growth, execute business plans and deliver maximum value for our clients. Chen will work closely with the operating company CEO's, the executive management team and our partners to further improve performance, strengthen integration, and help to continue the current growth path and success of the Hilco Global platform.

"The Hilco Global business model has never been more compelling. Our team of experts is providing real value in helping companies around the world, their lenders and investors evaluate and maximize the value of all of assets on the balance sheet, tangible and intangible.  We plan to continue to expand our market channels and global platform of delivering valuation, monetization and advisory services, around the world", said Chen, Chief Operating Officer.
 
John Chen has 30 years of business finance and operations experience in both industrial and consumer businesses. He joined Hilco Global from Tang Industries, Inc. – a large privately held, company primarily focused on metals-related manufacturing and distribution. During his tenure there, John served 14 years as Chief Financial Officer with financial and strategic oversight of over 30 business units. He also served as President of a $400 million Tier One automotive supplier of suspension, structural, and impact systems serving most of the major OEMs in North America. Previously, John was with PepsiCo, Inc. Over an eight year period, he served as Director Strategic Planning and Development for Frito-Lay.  Earlier, John had been with Pepsi-Cola International where he authored Pepsi-Cola International's strategy to develop China. He began his career at PepsiCo headquarters in Purchase, New York.

John received his MBA (Beta Gamma Sigma) in Finance from Columbia Business School) and his BA (with honors) in Political Science from Swarthmore College.

About Hilco Global:   Northbrook, IL - based Hilco Global ( www.hilcoglobal.com ) is an independent and diversified financial services company and the world's preeminent authority on maximizing the value of assets for both healthy and distressed companies.  Hilco Global operates as the holding company comprised of twenty specialized business unit's that work to help companies understand the value of their assets and then monetize that value.  Often, Hilco Global acts as an advisor to provide consultative services in all aspects of the asset management process.   For over 28 years Acting as a principal or agent, Hilco Global has a successful track record of delivering the best possible result by aligning interests with clients and providing them strategic insight, advice, and, in many instances, the capital required to complete the deal.

A photo accompanying this release is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=25643

Gary C. Epstein Hilco Global (847) 418-2712