First Marblehead (FMD) Announces CEO Resigns, Appoints New CEO; Announces Completion of Investment
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First Marblehead (NYSE: FMD) announced that its Board of Directors has accepted the resignation of Jack L. Kopnisky, as Chief Executive Officer and as a member of the Board of Directors, effective August 31, 2008.
The First Marblehead Corporation announced that Daniel Meyers will return to the Company effective immediately, and assume Mr. Kopnisky's role to the company he co-founded in 1991.
In addition, First Marblehead announced that affiliates of GS Capital Partners completed a $132.7 million cash equity investment in the Company, pursuant to the Company's investment agreement with GSCP, dated December 21, 2007.
First Marblehead provides financial solutions that help students achieve their dreams.
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