Profile: Eric D. Sigurdson
Eric has started three very successful entrepreneurial businesses. Most recent was a multi-unit restaurant franchise business in Missouri, Illinois and Indiana that Eric started and grew with his senior management team to 25 restaurants, 2 manufacturing plants and 1,000 employees, achieving $57 million peak revenue. Eric was recognized for his contributions to the brand as the first recipient of the “Area Developer of the Year Award”. Eric and his investor partners sold majority interest in 2006 to a NYSE private equity firm. Previously Eric was one of three founding partners of a merchant banking entity that acquired an international garment manufacturing and retail business with $45 million sales, subsequently divested. Early in his career Eric started a real estate investment banking firm, specializing in the development and sale of real estate investments, that he and his partner later merged with a major securities firm. Eric gained significant corporate experience from executive positions with major public companies, notably; Horsham Corporation, Clark Refining & Marketing and the Toronto Dominion Bank group; and senior management roles with private companies Pemberton Houston Willoughby, Marwest Development and Clarkson Gordon (now Ernst & Young). Eric moved to St. Louis with Horsham Corporation to assist with the restructuring of Clark Refining & Marketing, acquired out of Chapter 11, with 900 gas stations, two refineries and $2.5 billion revenue. Eric served as VP Corporate Development and then Chief Financial Officer of both Horsham and Clark. Recognized for his restructuring and team building skills, Eric was then appointed Executive Vice President of Clark Refining, responsible for leading the amalgamation of three divisions, Supply & Trading, Wholesale Marketing & Terminals and Refineries into one cohesive business unit. At the same time Eric led the new Refining senior management team in the strategic acquisition of the 200,000 bpd Port Arthur, Texas refinery from Chevron. [Clark Refining was later renamed Premcor; subsequently acquired by Valero.] Eric was recruited by Toronto Dominion Bank to establish an investment banking focus on real estate. As President of newly formed Toronto Dominion Real Estate, and an officer of Toronto Dominion Securities, M&A group, Eric uniquely secured dual registration under both real estate and securities acts. Eric’s experience with real estate was first gained as senior manager with Marwest Development, responsible for the structure and sale, mainly by public prospectus, of large residential and commercial properties. Eric gained his first operations experience working, and then as a manager during his university years, growing up in an extended family business. Eric has been recognized for his business acumen as an award finalist for "St. Louis Area, Ernst & Young Entrepreneur of the Year Award"; and he is an honorary member of Sigma Beta Delta, Maryville University Chapter, Saint Louis, Missouri. Eric is a Chartered Accountant, and also holds an MBA, Finance & Accounting, and a BA in Economics.
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