Russam GMS Assigns Executive to Grow Entrepreneur Practice

June 6, 2011 – Russam GMS, a U.K.-based provider of interim managers, has hired Alan Horn to play a key role in the development of the company's entrepreneur practice. Mr. Horn is the former CEO of The Interim Management Group (consisting of Albemarle, Walker-Cox and Armadillo in the UK and Management Angels in Germany). His extensive CEO level experience in the interim management industry and in private equity will be used to expand Russam Ventures by introducing interim managers to private equity, banks and other stakeholders for transformation, restructuring and turnaround assignments. Russam GMS chairman, Charles Russam, said: “In the coming months, we anticipate a greater number of private equity, venture capital houses and banks will turn to the interim management provider community to find creative solutions to the growth challenges confronting their portfolio businesses. Alan's experience in the private equity market will prove invaluable as we seek to place more interims in needy but growing businesses that have significant levels of equity or debt from private equity houses or banks.”