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team has directly relevant expertise as
operators and investors in large and small
consumer products companies. In particular,
the principals have more than 350 years
of directly relevant expertise leveraging
deep industry experience, contacts and
connections to build marketplace winners
and create shareholder value in small and
large consumer products companies. |
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Andrew S. Whitman – Managing
Partner | 312.629.5248 | awhitman@2xPartners.com |
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Andy
Whitman is a successful consumer products
executive and investor who melds the
experience of a Fortune 100 executive
with the passion and resourcefulness
of an entrepreneur. After a successful
career with General Foods and Kraft
Foods and recognizing that nurturing
smaller businesses to achieve rapid
growth was his passion, he founded
2x Management in 2001 to invest in
and operate small- and mid-sized consumer
products companies including Wellness/Old
Mother Hubbard all-natural pet
foods and Eagle snacks.
Whitman contributed to tripling
revenue at Wellness/Old
Mother Hubbard and growing EBITDA
significantly ahead of revenue growth
rate despite aggressive growth investments.
Importantly, he partnered with management
to leverage his expertise, contacts
and connections to build Wellness into
a powerhouse brand in the natural
products industry – now ranking
in the top 2% in sales among all
natural products industry brands
and among the fastest growing of
any leading brand.
Whitman began his career managing
icons like Kool-Aid and Tang.
After years of delivering results
on big brands, he jumped at the opportunity
to run small, autonomous businesses
within Kraft in a shirtsleeves environment.
With unusually broad operating experience
that included dedicated plants and/or
sales forces but only a fraction
of usual resources per dollar of
revenue, he quickly proved his strengths
as a collaborative, hands-on business
builder. Taking charge of brands
as small as $10 million that Kraft
had been unable to grow or run profitably,
Whitman’s entrepreneurial leadership
produced outstanding results. For
example, he grew a ready-to-drink
beverage brand from a money-loser
that the corporation wanted to divest
into the foundation of today’s
highly profitable $1 billion business.
Whitman’s track record as an
operator is equally enviable whether
managing businesses small or large.
Brands under his direction have grown
exponentially on volume, revenue,
and/or earnings fronts: Country
Time and Tang powdered
soft drinks, Taco Bell Home Originals Mexican
foods, Mr. Freeze freezer
bars, Philadelphia snack
bars and DiGiorno pastas
and sauces. Whitman’s ability
to grow businesses comes from his
proven general management experience
built upon a diverse breadth of prior
functional assignments, including
marketing, sales, operations planning
and corporate development.
Whitman serves as a member of the
board of directors of gDiapers and
sits on the advisory board of Reserve
Brands LLC (Eagle snacks)
and The Nibble. He currently
or previously assisted pro bono by
serving as a board member for the Jewish
United Federation Foods & Hospitality
Trade Sector, Marketing Executives
Network Group (MENG), Venture Board
of the Women’s Self-Employment
Project and White Plains Child Day
Care Association, a Head Start agency.
Whitman received a B.B.A. from the
University of Wisconsin and an M.B.A.
from Northwestern University’s
Kellogg School of Management. He is
an outdoor adventure traveler, an aggressive
skier, an avid college basketball fan,
a Culinary Institute of America-trained
cooking enthusiast, and a devoted Parrothead – as
a result of traveling early in his
career with singer Jimmy Buffett while
leading the national introduction meetings
for Corona Light, now the
#1 imported light beer.
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| Gary
R. Sebek – Managing
Partner | 312.629.5249 | gsebek@2xPartners.com |
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Gary
Sebek is a well rounded consumer
products operator having served as
CFO and CEO in several industry leading,
high growth companies. His experience
integrates a background in executive
business administration, strategic
development, operations and corporate
finance including P&L/balance
sheet management, annual/strategic
planning process leadership, capital
structure strategies implementation,
large scale information systems deployment
and supply chain transformation.
Sebek’s mergers and acquisitions
experience includes having bought,
sold, recapitalized and financed
several consumer products companies.
With 17 years experience in corporate
finance and over 9 years specific to
consumer goods in the natural and organic
industry, Sebek joined Aurora Organic
Dairy as CFO in 2005 to direct
all corporate finance, assist in the
development of strategic planning and
manage corporate banking and financing
relationships. Since joining Aurora
Organic Dairy, he has co-led the
evolution of private label organic
milk with four fold (4x) revenue growth
while leading all corporate banking
and equity funding initiatives, which
totaled more than $80 million. Sebek
was promoted to Executive Vice President
in 2006 while continuing in the CFO
role.
Previously, Sebek served as President
and CEO of Rudi’s Organic
Bakery, leading the twenty-six
fold growth (26x) from $2 million to
$52 million including the merger and
integration of 3 smaller organic bread
brands to form Charter Baking where
he was President and COO. During this
time, he led the formation of a national
warehouse and DSD distribution system,
automation and expansion/relocation
of bakery and corporate offices and
overtaking established competitors
to become the leading market share
natural/organic brand. This achieved
a significant exit for Company shareholders.
Sebek was formerly the CFO at Rudi’s
Organic Bakery and began his career
in public accounting with KPMG.
Sebek holds a B.A. in Accounting from
DePaul University (Chicago, IL) and
his CPA certification under the University
of Illinois. He received his M.B.A.
specializing in Business Development
and Operations from the University
of Colorado.
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David L. Bauserman,
Partner - Operations | 312.629.5241 | dbauserman@2xPartners.com |
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Dave
Bauserman is recognized throughout
the industry for his breadth of operations
knowledge and ability to effectively
negotiate solutions that benefit
all stakeholders. The majority of
his 35-year career has focused on
operations and manufacturing at General
Foods and Kraft Foods. His industry
experience includes processing, packaging
and distribution of liquid and dry,
refrigerated, frozen and ready-to-eat,
boxed, pouched, bottled and canned
products produced under regulations
including USDA and FDA. He has held
positions ranging from frontline
plant operations to executive leadership.
Since leaving Kraft in 2002, Bauserman
has been an active part of the 2x Management
team, where he assists in operations
due diligence for prospective investments
and serves as an ongoing resource to
businesses including Wellness/Old
Mother Hubbard all-natural pet
foods and Eagle snacks. He
assisted management to identify co-packers
allowing for closure of a high cost,
capacity-constrained Old Mother
Hubbard plant, resulting in substantial
expansion in gross margins.
Previously, Bauserman led Kraft’s
external (3rd party) manufacturing
organization that managed a complex
producer network of over 100 companies
and 150 plant locations across the
USA and Canada. He developed and executed
outsourcing strategies that facilitated
expeditious new product introductions,
improved asset utilization, minimized
capital investments and maximized continual
cost savings while ensuring product
safety and brand equity protection.
In addition to his role leading external
manufacturing, Bauserman held other
senior positions in corporate operations
and division manufacturing leadership.
Among his many accomplishments, his
zeal for groundbreaking technology
and people driven initiatives resulted
in the design, construction and start-up
of the only two plants built by Kraft
in the last 20 years, as well as the
operational execution of numerous leading
edge business and marketing strategies.
Bauserman holds a B.S. degree in Business
and Industrial Management from San
Jose State University.
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| Michael
J. Levinthal – Special Limited
Partner |
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Mike
Levinthal is a seasoned venture capital
professional with over 25 years of
investing experience. He brings deep
experience in deal structuring, portfolio
company oversight and fund management
to 2x Consumer Products Growth Partners.
Levinthal spent 20 years as a General Partner with the Mayfield Fund where they
raised and managed 6 funds totaling $1.4 billion during that time. He sponsored
such successes as Citrix, Concur Technologies, Heartstream, Pure
Software and WebMethods. Levinthal also founded Mayfield Software
Partners, a side fund consisting of 20 leading software entrepreneurs as investors,
having started his career in venture capital at New Enterprise Associates (NEA).
Levinthal also founded ONSET Partners, a venture firm specializing in incubating
new companies.
In addition, Levinthal has been involved in consumer investing, including Pete’s
Wicked Ale and High West Distillery (both beverage companies), Blue
Marlin (memorabilia), Skull Candy (consumer electronics) and Il
Fornaio (restaurants). He currently works as an independent venture capitalist
helping to advise start-up and growth oriented companies.
Levinthal currently sits on the board of several private companies including Cirrus
Data Management, High West Distillery, Infopia and 3point5.
He was on the board of Altiris (NASDAQ: ATRS) until its recent acquisition
by Symantec for $1 billion. Additionally, Levinthal sits on the boards
of two not-for-profits: Interplast (www.interplast.org) and Forever
Young Foundation (www.foreveryoung.org). He has served as an advisory board
member to the Stanford Technology Venture Program and established the Mayfield
Fellows program at Stanford University and University of California at Berkeley.
Levinthal holds an M.B.A. from the Stanford Graduate School of Business and received
both his M.S. and B.S. degrees in Engineering from Stanford University. |
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| Industry Venture Partners |
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Industry
veterans are committed to helping
our growth oriented consumer products
companies succeed and are excited
to participate in whatever way makes
sense.
Kay Allison – Founder & CEO, The
Energy Infuser: Marketing
innovator and consultant with
outstanding consumer understandings
and ways to capitalize on emerging
trends. Extensive experience
with J. Walter Thompson among
other advertising agencies.
Mark Baum – Partner & Managing Director, CPG Practice, Diamond
Management & Technology Consultants: Consumer sales and marketing
expert with intimate retailer and manufacturer relationships, including as
former COO, Grocery Manufacturers Association.
Bob Burke – Principal, Natural Products Consulting Institute:
Sought-after author and consultant to small, high growth companies leveraging
his 9 years of consulting and 11 year experience leading sales and marketing
at Stonyfield Farm to become the world’s leading organic yogurt
company.
Rachel Cullen – President, Ice Cream Division – Dean Foods and
former COO, Orange Glo International: Seasoned Kraft and Unilever executive
who led the exponential growth of the OxiClean, Kaboom and OrangeGlo cleaning
products and sale to Church & Dwight for $325 million. Expertise
includes deep knowledge of building businesses via direct response television
(DRTV).
Steve Hill – President, Black Flag Brands: Career household
products executive with Clorox, Scotts and Spectrum Brands turned
entrepreneur, having purchased and re-invigorated the Black Flag brand
of insect control products.
Tony Olson – Chairman & CEO, SPINS Inc.: Natural
products industry veteran as leader of premier provider of industry reporting
and consulting services and previously as a sales executive with Odwalla.
Barbara Pickens – President, Pickens & Company: Executive
search consultant focused exclusively in the consumer products and retail industry.
Gil Pritchard – former President & CEO, Avalon Natural Products:
Three-time growth-oriented leader with proven results growing Avalon and
previously at nSpired Foods and Barbara’s Bakery. One
of the Partnership’s appointees to the Board of Directors of gDiapers
Raj (RK) Rajaratnam – Managing Director, The Galleon Group:
Career consumer products market research and consumer insights executive with General
Mills, Kraft and ConAgra.
Don Roland – Former Chairman/CEO, Vertis Communications:
Savvy marketing services executive and member of the Printing Industry
Hall of Fame. Led the $1.5 billion industry leader that offers world-class
consulting, creative, research, direct, media, technology and production services.
Tom Simone – Chairman, United Natural Foods Inc. (UNFI):
Natural products and healthcare industry veteran since 1996 with UNFI,
the country’s largest wholesale distributor to natural and organic industry,
and prior CEO of McKesson Drug Company, a large pharmaceutical wholesaler.
Greg Stahl – Managing Partner, BA Partners: Serial entrepreneur,
investor and former CEO, Boca Burger (sold to Kraft in 2000)
and Brooklyn Bagel Boys (purchased in 1993 by Maple Leaf Foods). |
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