CP Eaton has appointed former Cengage Learning executive Jerry Elliott as chief operating, financial and legal officer. Elliot will take over some responsibilities of founder and chief executive officer Charles Eaton and partner Charles Bartz.
A spokesman for the firm told PERE Eaton was still very much in charge of the Rowayton, Connecticut-based operation and was as “active as ever.” However Eaton was keen to hand over “day to day responsibilities” for business administration in order to concentrate on the expansion of the company. The firm said Bartz would continue to lead the firm’s new business and due diligence operations.
Prior to Cengage, which was previously called Thomson Learning, Elliot was president of wireless communications operator Global Signal until it was bought by Crown Castle in 2006. He also worked for Morgan Stanley as a banker. CP Eaton said Elliot would help the firm in its “management transition” as the firm continued to expand.
The firm has also appointed four executives to its private equity and real estate operations including former AIG real estate developer Nina Frandson. Frandson joined the firm as vice president. She was previously responsible for developments and helping fund mixed-use urban development projects at AIG.
Peter Martenson, a former managing director with Macquarie Funds Management, was hired as senior vice president, to be based at CP Eaton’s La Jolla, California office. At Macquarie, Martenson led an investment team structuring, fundraising and investing fund of funds and separate accounts into private equity vehicles.
Dan Meade Jr., formerly with asset manager Cramer Rosenthal McGlynn, was hired as vice president while Brian Newman, who worked for investment banks Goldsmith Agio Helms and CRT Capital, joined as an associate.