Andrew Herenstein Appointed to Board of Directors of IAP Worldwide Services, Inc.
More News related to Press Releases
- FreestyleMx.com World Tour Brings Freestyle Motocross Excitement to Eastern Idaho State Fair
- Canadian Food Inspection Agency (CFIA): Health Hazard Alert - Reduced Cold Cut Ends Sold by Metro Ontario Inc. may Contain Listeria Monocytogenes
- ME911 Donates Its Services to Communities in Response to Hurricanes -- Fay, Gustav, and Hanna
- Statement From Sammy Hagar Regarding 'Right Now' Usage by John McCain:
- Inmet and Petaquilla Copper Sign Definitive Support Agreement
CAPE CANAVERAL, Fla., June 30 /PRNewswire/ -- IAP Worldwide Services, Inc. announced today the appointment of Andrew J. Herenstein to the IAP Board of Directors. Herenstein is a co-founder and Managing Principal of Monarch Alternative Capital LP. He is on the board of Oneida, Ltd. and also serves on the Finance Committee of Yeshiva University.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080630/DC26516 )
"Andrew is widely recognized as a financial expert in debt investment and credit research analysis," said Steven Gaffney, IAP Chairman of the Board. "With more than 22 years experience in investment management, Andrew brings to the board a wealth of knowledge and dedication to IAP's work as a leading government services contractor. He will be a key asset as IAP continues to execute its successful growth strategies."
Prior to joining Monarch in 2002, Mr. Herenstein was a Director of Lazard and served as co-Portfolio Manager of the Lazard Debt Recovery Funds. Before joining Lazard in 1992, he specialized in distressed credit analysis at The Delaware Bay Co., Inc., an early specialist in the field of distressed debt investing. Prior to that, he worked at Brean, Murray, Foster Securities. Mr. Herenstein began his career at Bear Stearns in 1986 as Assistant to the Chief Operating Officer. A graduate of Yeshiva University with a Bachelors Degree in Finance, he also holds an M.B.A. from Columbia University.
IAP Worldwide Services is a leading international contractor providing global mission support for the Department of Defense and other U.S. government agencies. IAP, which is privately held, traces its roots back 50 years to Pan Am World Services, Inc., which built and operated America's first space launch complex at Cape Canaveral, Fla.
IAP specializes in three lines of business: global operations and logistics; facilities management and base operations support; and professional and technical services. IAP's corporate headquarters is located in Cape Canaveral, Florida, and the company has project sites in over 100 locations worldwide. IAP's Worldwide Web site can be accessed at www.iapws.com.
Monarch Alternative Capital LP is a private investment firm with approximately $3 billion in assets under management. Monarch seeks superior risk-adjusted returns through its research-oriented and event-driven investment strategy, which leverages its investment team's extensive experience in the debt market and long-standing network of relationships. Monarch is based in New York. For more information, please visit www.monarchlp.com
Contact:
Arlene Mellinger
(321) 784-7147
SOURCE IAP Worldwide Services
Stocks Mentioned
Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
