MidOcean Partners, a middle market private equity firm, has appointed Robert S. "Steve" Miller as chairman of the firm.
Miller (pictured) will work with the firm’s executive board, provide strategic guidance to MidOcean’s portfolio companies, and participate in the sourcing, evaluation and execution of additional investments.
Mark Angelson, who joined the MidOcean executive board in 2004 and was named chairman in December 2007, will continue as a member of the board.
Miller most recently served as chairman and chief executive, and then as executive chairman, of auto parts giant Delphi Corporation. He has also held top leadership posts at many companies including Federal Mogul, Bethlehem Steel, Waste Management, and Morrison Knudson.
"A core tenet of MidOcean’s investment strategy is leveraging the topflight executive and operating talent of our Executive Board and Management Affiliates to propel transformative growth in our portfolio companies. Steve has built an international reputation by successfully transforming businesses and is ideally suited to smoothly assume this key role and build upon our success to date," says Ted Virtue, founder and chief executive of MidOcean.
Miller adds: "I have spent more than 40 years running companies in a variety of industries across different market cycles. I am looking forward to working with Ted and the MidOcean team as we share the belief that a focused strategy and the correct operating resources can create significant value for investors. As chairman of MidOcean, I plan to share my experiences with the MidOcean portfolio companies and help them to reach their full potential by maximising their brand, assets and intellectual capital."
