CCMP augments operational prowess

The JPMorgan spin-out’s hire of advisors in the consumer and healthcare sectors highlights the firm’s move toward employing operationally focussed executives.

CCMP Capital Advisors has hired John Bowlin and James Shelton as executive advisors, in line with the firm’s initiative to increase its stable of operational expertise.

Bowlin will be advising on investment opportunities in the consumer sector, having previously held a variety of senior leadership positions at Kraft Foods, Phillip Morris and Miller Brewing Company. Those roles included chief executive officer of Miller Brewing and international president of Kraft.

Shelton, a 30-year healthcare industry and hospital management veteran, will direct his expertise towards the healthcare sector. His prior experience includes roles as chairman and CEO of Triad Hospitals and his current position as board chairman of Legacy Hospital Partners.

In June 2007, CCMP laid off four employees in order to add more operationally focused executives. Among the employees laid off was principal Stephan Oppenheimer who was subsequently hired as a principal by Moelis & Company in January 2008.

CCMP Capital Advisors, formerly JPMorgan Capital Partners, spun out from JPMorgan in 2006. In October 2007, the firm closed its first fund on $3.4 billion. The fund focusses on buyout and growth equity transactions in the consumer, energy, healthcare, industrials and telecom sectors. Since 1984, the firm has invested approximately $12 billion.