last week stepped down as chairman of Citi Holdings to join private equity firm
“I have been interested in private equity for many years and after a long career working with large public companies, the time is right to pursue this interest,” Crittenden said in a prepared statement. “Huntsman Gay presented me with the ideal opportunity to apply my experience with Fortune 500 companies to the middle market, where there are many compelling businesses we can help make significant improvements and become market leaders.”
Crittenden had served as Citigroup’s chief financial officer until this past March, when the firm pushed many of its riskiest assets into Citi Holdings. He was succeeded as CFO by Ed Kelly, who now will become Citigroup’s vice chairman, while John Gerspach takes over as CFO.
Prior to joining Citigroup, Crittenden spent seven years as CFO and head of network services for American Express. He also has served as CFO for both Monsanto and Sears, Roebuck & Co.
Huntsman Gay is a new private equity firm based in Utah, featuring folks like John Huntsman (founder of chemical co. Huntsman Corp.), Bob Gay (formerly of Bain Capital), Rich Lawson (formerly of Sorenson Capital) and Steve Young (formerly of Sorenson and onetime NFL quarterback). It has secured more than $1 billion in capital commitments for its debut fund, but has not yet held a final close.
has resigned as a partner with
Buch, who joined the firm in 2005, previously co-founded Like.com and currently sits on its board. Like has raised more than $54 million in funding from BlueRun and other investors since 2004.
Buch told the Wall Street Journal that he plans to continue to invest in tech startups as an angel investor.
Bush leaves BlueRun less than a month after Kari-Pekka “KP” Wilska joined BlueRun as an operating partner. Wilska was previously a telecom executive who spent decades working at Finnish cell phone maker Nokia Corp. and was most recently a venture partner for
Somberg relocates to Europe
, a general partner at Seattle-based
Somberg previously co-founded Thomas Weisel Partners. She joined Maveron in 2000 as a partner.
In an email to friends and colleagues, Somberg wrote: “I am excited about the opportunity to connect with interesting people, companies and investors in Europe.”
Shea heads to GenNx360
has joined New York-based
GenNx360 focuses on underperforming industrial business-to-business companies with anywhere from $250 million to $1 billion in revenue.
Piper Jaffray boosts staff
and Matt Kane have joined
Silverman previously was a partner with 3i Group, while Kane worked at Cowen & Co.
Saban hires Dekel
has promoted Eliot Kerlin to principal.
Kerlin joined the firm in 2005, and manages its investment in RV component maker Atwood Mobile Products.
, former CEO of Wachovia Corp., has joined Aquiline Capital Partners as senior advisor, according to The American Banker newspaper.
Thompson was reportedly ousted from Wachovia last year, and the company was later acquired by Wells Fargo.
Digital security company
Mike Volpi left his position as head of online video company
Ryan Sweeney joined
Roger Krakoff left
Wilson Feng, a former senior banker for
Robin Hall has stepped down as managing partner of European buyout firm
Richard Wolman, a human resources consultant, has joined
Rob Day has joined
Compiled by Alastair Goldfisher, Alexander Haislip and Lawrence Aragon