Zannino’s most recent post was as CEO of Dow Jones & Co., publisher of the Wall Street Journal. Zannino left Dow Jones in January 2008 after the completion of News Corp.’s $5 billion acquisition of the company. Prior to joining Dow Jones in 2001, Zannino was an executive vice president with fashion retailer Liz Claiborne, executive vice president and CFO of industrial products maker General Signal, and executive vice president and CFO of department store operator Saks Fifth Avenue.
“This is another major milestone in the execution of our plan to add seasoned operating professionals to our senior management team,” said Greg Brenneman, chairman of CCMP Capital, in a statement addressing Zannino’s hiring. “Our operating talent is a key differentiator for CCMP and will prove increasingly important in generating outsized returns for our investors.”
New York-based CCMP Capital was founded in 2006 when it spun out from JPMorgan Chase & Co. The firm closed on a $3.4 billion buyout fund in late 2007. Its portfolio includes movie theater operator AMC Entertainment; Aramark, a Philadelphia-based provider of food and uniform services; National Surgical Care, a Chicago-based operator of surgery centers; Quiznos Sub, a Denver quick-service restaurant chain; and drug developer Warner Chilcott. —Michael Baron
Roark adds Hill
Geoff Hill has agreed to join
Insight promotes Kerlin
Advent taps Indian investor
P. Jayendra Nayak
has joined
CDR hires advisor
Paul Pressler
has joined
High Road boosts staff
High Road Capital Partners
Covington adds to health care team
Steven Mermelstein
and David Wood have joined the health care team of the investment bank