23 Apr 2014 New Appointments at Rutland
Rutland is pleased to announce two new appointments. David Wardrop has been promoted to Partner and Kajen Mohanadas has been appointed to Investment Manager.
David joined Rutland in August 2008 and has been responsible for originating, evaluating and leading transactions. He has been actively involved in several investments, notably Brandon Hire, AFI Group and Pulse Home Products, where he has taken seats on all three boards. Most recently David took the lead in the buyout of Millbrook, a leading test and engineering services provider, from General Motors.
Also joining Rutland in 2008 Kajen brought with him broad transactional experience gained from CIBC World Markets and Ernst & Young. Kajen worked alongside David Wardrop on the buyouts of Brandon Hire and AFI Group and was a key member of the transactions team that led the acquisitions of the Laidlaw Interiors Group and the market leading turkey producer, Bernard Matthews.
Both these promotions will further consolidate and strengthen the Rutland team going forward, which will continue to focus on special situations and operational change; the primary objective to improve performance through controllable or strategic actions.
Commenting on the two appointments, Michael Langdon, Chairman of Rutland Partners said:
“We are delighted that David has joined the Partnership. He has made a significant contribution to the team over a number of years and we are pleased to mark his achievements with this promotion. We are also delighted to promote Kajen to Investment Manager, an appointment he thoroughly deserves for all the dedicated hard work he has contributed in his time with Rutland.”
David and Kajen’s promotions reflect Rutland’s philosophy of investing in its team and caps a busy last twelve months for the organisation with three new investments, a refinancing and strong development of the overall portfolio.