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HORSHAM, PA-The board of Capmark Financial Group Inc. has named William F. Aldinger III president and CEO. He replaces Robert D. Feller.
Aldinger retired as chairman and CEO of the Prospect Heights, IL-based HSBC North America Holdings Inc. in April 2005. It is the subsidiary of London-based HSBC Holdings plc, which represents all of HSBC's Canadian and US businesses.
A Capmark spokeswoman tells GlobeSt.com the appointment is effective immediately. She declined to discuss the reason for the change and says, "Bob Feller has not yet announced his plans."
Locally based Capmark is the former GMAC Commercial Holding Corp. An investor group lead by affiliates of Kohlberg Kravis Roberts & Co., Five Mile Capital Partners LLC, Goldman Sachs Capital Partners and Dune Capital Management LP acquired a 78% stake in the company for $8.8 billion in late March. They also changed the name to Capmark. At that time, Dennis Dammerman, a former vice chairman of General Electric and chairman and CEO of GE Capital Corp., was named to chair Capmark's board.
In a statement announcing Aldinger's appointment, Dammerman calls Aldinger "a world-class executive with a track record of driving strong performance. His experience will be invaluable as Capmark enhances its leadership position in the real estate finance industry." Aldinger serves on the boards of KKR Financial Corp., Charles Schwab Corp., AT&T Inc. and Illinois Tool Works. As of March 31, the Capmark servicing portfolio aggregated approximately $285 billion.
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