DAVID MONDRUS JOINS WHITE MOUNTAINS PARTNERS AS CHIEF FINANCIAL OFFICER AND FINANCIAL OPERATING PARTNER
White Mountains Partners announced the appointment of David Mondrus as Chief Financial Officer and Financial Operating Partner. David Mondrus brings a wealth of financial management and deal-making experience to the team. White Mountains Partners is a subsidiary of White Mountains Insurance Group, providing capital to family, founder, and entrepreneur-owned businesses.
David Mondrus joining as Chief Financial Officer and Financial Operating Partner brings valuable experience in financial management and deal-making to White Mountains Partners.
White Mountains Partners providing first institutional capital to businesses in essential services, light industrial, and specialty consumer sectors showcases their commitment to supporting family-owned businesses and entrepreneurs.
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Prior to joining White Mountains Partners, David was a Finance Director at The Riverside Company, a private equity firm focused on acquiring growing companies in the lower middle market. David began his career at KPMG LLP in the Assurance practice and is a registered Certified Public Accountant.
John J. Daly, White Mountains Partners' CEO and Managing Partner, said, "We are excited to welcome David to our growing team. He brings a wealth of experience in financial management, deal making and operating company value creation."
ADDITIONAL INFORMATION
White Mountains Partners is a wholly-owned business unit of White Mountains Insurance Group, Ltd. (NYSE: WTM) and provides first institutional capital to family, founder, and entrepreneur-owned businesses in the essential services, light industrial and specialty consumer sectors. Additional information is available on White Mountains Partners' website located at www.wtmpartners.com.
FORWARD-LOOKING STATEMENTS
The foregoing press release contains "forward-looking statements". The Company intends such statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, which address activities, events or developments which White Mountains Partners expects or anticipates will or may occur in the future are forward-looking statements. The words "will", and "expect" and similar expressions are also intended to identify forward-looking statements. The Company cannot promise that its expectations in such forward-looking statements will turn out to be correct because they are subject to factors beyond its control, including business opportunities (or lack thereof) that may be presented to it and pursued; the continued availability of capital and financing; deterioration of general economic, market or business conditions, including due to outbreaks of contagious disease (including the COVID-19 pandemic) and corresponding mitigation efforts; and competitive forces and changes in laws or regulations.
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SOURCE White Mountains Partners
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