Associated Capital Announces Interim CFO
October 13 2017 - 5:16PM
Business Wire
Associated Capital Group, Inc. (NYSE:AC) announced today that
Francis J. Conroy, CPA will join the Company as interim CFO,
effective November 7, 2017.
Fran Conroy is currently with GGCP, the privately-held parent of
AC, as special assistant to the CEO. Mr. Conroy has an extensive
career in finance and accounting with firms including Mezzacappa,
Lazard, McKinsey and Catalyst Energy and was most recently with KKR
Prisma from 2004 through 2016. He began his career with Arthur
Andersen & Co. after receiving his MBA from Harvard Business
School. Fran completed his undergraduate degree in Business
Administration, summa cum laude, at Fordham in 1979. He is a member
of the Executive Committee of Fordham University President’s
Council and Director, Part of the Solution, Inc., an emergency food
agency serving the Bronx.
“We are delighted to have someone of Fran’s depth of experience
step up to the plate during this interim period. We are fortunate
to have such a deep bench of talent to support Fran in making the
transition,” said Doug Jamieson, President & CEO of Associated
Capital.
Patrick Dennis, CFO, originally joined AC in November 2015 prior
to the Company’s spin-out from GAMCO Investors, Inc. (“GAMCO”)
(NYSE:GBL). Pat has contributed significantly to the company’s
first two years as an independent company. We wish Pat well in his
new endeavors.
About Associated Capital Group, Inc.:
Associated Capital Group operates as diversified financial
services and investment management business with three core pillars
of operations; a principal strategies group which invests the firms
proprietary capital in new and existing businesses; an asset
management business that emphasizes event driven value and merger
arbitrage oriented alternative investment portfolios for
institutions and high net worth investors; and institutional
research services business, publishing research as Gabelli &
Company, and was founded in 1976.
Forward-looking statements involve a number of known and unknown
risks, uncertainties and other important factors, some of which are
listed below, that are difficult to predict and could cause actual
results and outcomes to differ materially from any future results
or outcomes expressed or implied by such forward-looking
statements. Some of the factors that could cause our actual results
to differ from our expectations or beliefs include a decline in the
securities markets that adversely affect our assets under
management, negative performance of our products, the failure to
perform as required under our investment management agreements, a
general downturn in the economy that negatively impacts our
operations. We also direct your attention to the more specific
discussions of these and other risks, uncertainties and other
important factors contained in our Form 10 and other public
filings. Other factors that could cause our actual results to
differ may emerge from time to time, and it is not possible for us
to predict all of them. We do not undertake to update publicly any
forward-looking statements if we subsequently learn that we are
unlikely to achieve our expectations whether as a result of new
information, future developments or otherwise, except as may be
required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20171013005687/en/
Associated Capital Group, Inc.Douglas R. Jamieson,
914-921-5020Presidentwww.associated-capital-group.com
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