Lee Feldman (businessman)

Lee Michael Feldman (born 1967/1968) is an American lawyer and businessman, and the chairman of GVC Holdings, the FTSE 100 Index gambling conglomerate, and the managing partner of the private equity firm, Twin Lakes Capital Management, LLC.

Lee Feldman
Born
Lee Michael Feldman

1967 or 1968 (age 55–56)[1]
NationalityAmerican
EducationColumbia University (JD)
Occupation(s)Lawyer and businessman
TitleChairman, GVC Holdings
Managing partner, Twin Lakes Capital Management, LLC
SpouseSuzanne Feldman
Children1+

Early life

Feldman earned a bachelor's degree and a juris doctor in law, both from Columbia University.[1][2]

Career

Feldman started his career as a corporate lawyer for O'Sullivan, Graev and Karabell.[1]

In December 2004, Feldman joined GVC Holdings, and has been non-executive chairman since September 2008.[1]

In 2007, Feldman co-founded the private equity firm, Twin Lakes Capital Management, LLC.[1]

From at least 2008 to 2012, Feldman was CEO of Aurora Brands, which owns the home furnishing brands MacKenzie-Childs and Jay Strongwater.[3]

In 2017, Feldman and the CEO of GVC, Kenny Alexander earned a total of £26.9 million, and 44% of shareholders voted against the company's remuneration report.[4]

In March 2019, Sky News reported that Feldman would leave the company on or before the company's "annual general meeting next year".[5][6] Steven Stradbrooke of CalvinAyers.com has reported that date to be June 5.[7] While Feldman was overdue to leave under UK corporate governance code that recommends chairs of listed companies not stay in position longer than nine years, the news came two weeks after Feldman sold £6m worth of his GVC shares and CEO Alexander sold shares worth £13.7m, which led to GVC's share price falling nearly 14% in a single day.[8]

Personal life

Feldman is married to Lauren Feldman. They live in New York City, and have three children.

References
  1. "Executive Profile: Lee M. Feldman". Bloomberg LP. Retrieved 29 July 2018.
  2. Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} People - Reuters.com". U.S. Retrieved 30 July 2018. {{cite web}}: |first= has generic name (help)
  3. Pasquarelli, Adrianne (19 April 2012). "No place like home". crainsnewyork.com. Retrieved 30 July 2018.
  4. Gill, Oliver (6 June 2018). "Betting firm GVC hit by shareholder pay revolt". The Telegraph. Retrieved 30 July 2018 – via www.telegraph.co.uk.
  5. Hancock, Alice (22 March 2019). "Betting group GVC seeks new chair after sell-off from current one". Financial Times. Retrieved 22 March 2019.
  6. Kleinman, Mark (22 March 2019). "Ladbrokes chair to leave amid investor fury at share sale". Sky News.
  7. Stradbrooke, Steven (22 March 2019). "GVC looking for new chairman as Lee Feldman plots exit". CalvinAyres.com.
  8. "Ladbrokes-owner GVC Holdings' shares drop 18 pct after top bosses..." Reuters. 8 March 2019. Retrieved 22 March 2019.
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