DIC Names Brad Brooks As Pres
Created 07/03/2001 - 23:00
files/pictures/picture-35.jpgDIC Entertainment has announced the appointment of Brad Brooks as president. Brooks joined DIC in February 2000 to facilitate the management-led buy back of DIC from Disney. He helped raise the necessary capital from Chase Manhattan Bank and DIC's equity partner Bain Capital, as well as negotiated the terms of the deal. Brooks' responsibilities have included hiring several key management personnel, establishing internal systems and procedures, and assessing potential acquisition targets. Before to joining DIC, he worked as an investment banker in the corporate finance department of Donaldson, Lufkin & Jenrette, where he focused on mergers and acquisitions. "Brooks' financial and managerial acumen make him an excellent fit for the leadership position of President. His contributions during our separation from Disney and to our operations since the buyback have been critical. We are confident that Brad will help DIC excel for years to come," said Andy Heyward, DIC's chairman and CEO. Brooks said, "I am incredibly honored and excited at my being named to this position. Andy and his team have built an outstanding foundation upon which we are going to build the pre-eminent independent producer and distributor of children's entertainment worldwide. DIC's recent announcement of the acquisition of Golden Books Family Entertainment is the first step in this strategic expansion. I am strongly committed to making this expansion a reality."