Heritage Global Inc. Appoints Shirley Cho to Board of Directors, Effective as of December 20, 2021
December 22, 2021 at 04:05 pm EST
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Heritage Global Inc. announced the appointment of Shirley S. Cho to its board of directors, effective as of December 20, 2021. She replaces Brendan Ryan, who has resigned from the Heritage Global Inc. board. Ms. Cho will also serve as a member of the Compensation Committee. She is currently a partner with Pachulski Stang Ziehl & Jones in Los Angeles. Throughout her career, Ms. Cho has represented some of the largest companies in the United States to restructure billions of dollars of debt, and has counseled acquirers of assets out of bankruptcy, and committees of unsecured creditors across a variety of industries and asset classes, as well as representing U.S. debtors in cross-border proceedings.
Heritage Global Inc. is an asset services company specializing in financial and industrial asset transactions. The Company provides a full suite of services, including market making, acquisitions, refurbishment, dispositions, valuations and secured lending. The Company segments include Industrial Assets Division and Financial Assets Division. Industrial Assets Division includes Auction and Liquidation, which operates a global full-service auction, appraisal and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment, and Refurbishment & Resale, which acquire, refurbish and supply specialized laboratory equipment. Financial Assets Division includes Brokerage, which charges-off receivables in the United States and Canada on behalf of lenders including banks, mortgage companies, and auto and alternative lending sources, and Specialty Lending, which provides specialty financing solutions to investors.