Henry Foster Appointed CEO of Hilco Capital as Paul McGowan moves to Executive Chairman role
Hilco Capital is pleased to announce the appointment of Paul McGowan, the founder and Chief Executive for the last 17 years, to the new role of Executive Chairman, as a result of the continued international expansion of its business and its investment portfolio.
Henry Foster, who has been an Investment Director at Hilco Capital since 2007, will assume the role of Chief Executive, based in London. Henry will take overall responsibility for the operations of the Hilco Capital business including its retail, commercial and industrial restructuring services in the UK, Europe and Canada.
Henry Foster is a Chartered Accountant with nearly 20 years’ experience in corporate recovery and turnaround and has been with the Hilco business for ten years. In his previous role as an Investment Director, Mr Foster led restructuring and turnaround projects in a number of high profile transactions including Habitat and HMV. He currently sits on the board of HMV as well as that of a number of other Hilco Capital investments.
As Executive Chairman, Mr McGowan will focus on overseeing the progress of each of Hilco’s operating companies in the UK, Canada, the USA and South Korea, taking on the Chairman role at each of the major investments, in addition to the UK and International business development role.
Paul McGowan commented: “After almost 17 years of continuous growth in size, complexity and geography during which time we have concluded over 120 transactions it is time to modify the Hilco Capital management structure to give it a broader strength in depth that reflects our true size and shape across all sectors and geographies.
“I am delighted that Henry Foster has agreed to take up the baton as Chief Executive, responsible for the day-to-day management of the business. His experience and in-depth knowledge of the business will lead him to be a great CEO and I look forward to working closely with him going forward. In addition, Henry will be supported by the excellent Board we have put in place to drive future growth.”
Henry Foster commented: “Over the last 17 years Hilco Capital has established itself as one of the leading turnaround investors and restructuring specialists in the UK, Europe and Canada. The business has an excellent track record across a number of sectors and a solid team of in-house experienced professionals. I look forward to leading the team and continuing the growth and development of the business over the coming years.”