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Osage LLC board hires interim CEO

As of April 1, Tulsa-based financial businessman James “Jim” Holder is now interim Chief Executive Officer of the Osage Limited Liability Company (LLC).

Holder, a founding partner of investment banking firm Waypoint Private Capital, will serve as LLC CEO for a one-year contract period, the Osage LLC Board of Directors said in an April 1 statement.

“The current LLC (board) spent a significant amount of time in 2014 focused on implementing cost-saving measures and winding down the operations of two unprofitable subsidiaries,” Parris said in the statement. “Having completed that task, we are now focused on creating new opportunities that will generate positive cash flow for the LLC. The LLC is continuing to develop strategies and to implement policies that will lead to a successful future for the company. (Holder’s) many years of business experience will greatly benefit the LLC and we are looking forward to having him on board.”

In June 2014, the LLC board hired Holder part-time to provide the LLC with advisory services after former CEO Carol Leese’s resignation, Parris said in early March. Holder worked with Kim Noble, who previously served as executive assistant to Leese. After Leese’s departure, Noble served as interim CEO as a hiring search began for a permanent CEO.

Holder, also a registered certified public accountant in Oklahoma, has 34 years of experience split between financial and transaction advisory, and building and managing operating companies, according to the LLC statement. Holder spent 10 years with Coopers & Lybrand, serving large and middle market clients across the country. Holder also spent 14 years serving as a CFO, COO and President of companies in manufacturing and distribution, construction, retail, finance, franchising and software development. In 2004, Holder returned to his passion of serving entrepreneurs and helping them build lasting value in their companies. Since that time, he has focused his efforts on deal structure for mergers and acquisitions and business expansions, on raising debt and equity capital for growth and restructuring purposes, and assisting clients in optimizing enterprise value, and with the purchase or sale of their business.

Holder received his master’s in business degree from the University of Arkansas, according to his LinkedIn profile and earned his undergraduate degree in finance from Westminster College in Missouri.

In addition to Holder’s hiring, Parris said the LLC board will present its annual report to the Fourth ON Congress during the Hun-Kah Session’s 24-day run. The LLC is scheduled to meet with the Congressional Commerce and Economic Development Committee on April 13.

*This article was edited to reflect change in April 13 meeting date.


By

Benny Polacca


Original Publish Date: 2015-04-07 00:00:00

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Benny Polaccahttps://osagenews.org
Benny Polacca started at the Osage News in 2009 as a reporter and has covered various stories and events impacting the Osage Nation and Osage people. Polacca is part of the News team awarded the Native American Journalist Association’s Elias Boudinot Free Press Award in 2014 and other NAJA Media Awards and SPJ Oklahoma Pro Chapter awards for news coverage and photography. Polacca is an Arizona State University graduate and participated in the former American Indian Journalism Institute at the University of South Dakota. He previously worked at The Forum newspaper covering the Fargo, N.D. region as the weeknight reporter.
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