Counsel RB Capital Announces Management Changes, Renames Company
Counsel RB Capital has entered into mutual separation and transition agreements with each of its departing co-CEOs Adam Reich and Jonathan Reich, both of whom resigned effective June 30, 2013. According to the agreements, both relinquished 400,000 shares of common stock that each held in the company; however, each will retain their initial equity stake in the company. Ross Dove and Kirk Dove, managing partners of Counsel RB’s subsidiary, Heritage Global Partners, are now leading the company's operations, while Ken Mann will continue to lead Counsel RB’s Equity Partners subsidiary. Also, the company's board has approved a proposal to change its name to Heritage Global. Based in Toronto, Counsel RB Capital is a provider of distressed and surplus capital asset transactions.
