follow us

Board shake-up as new owner recaps Hanover

Hanover Direct reconstituted its board of directors in the wake of a recapitalization that shifted control of the company to hedge fund Chelsey Direct.

Hanover added Donald Hecht as a new director. Hecht has managed Hecht & Company, an accounting firm, since 1966. Also joining the board are Stuart Feldman, a principal of Chelsey Direct, and William Wachtel, managing partner of Wachtel & Massyr.

In connection with the recapitalization agreement, Jeffrey Sonnenfeld, Ken Krushel and Pen James have resigned from the board.

Featured Video

Other Home Furnishings Sites

Casual Living
Furniture Today
Gifts and Decorative Accessories
Home Accents Today
Kids Today
HFN - Home Furnishings News