Jim has an exceptional 25 year record as Chief Executive Officer of growing, managing and ultimately realizing value from U.S. and foreign public, private and private equity owned consumer technology businesses. This includes DEI Holdings Inc., which he and his team built from a single product category company to near $500 million diversified Consumer Electronics Manufacturer.
In his CEO and Board leadership roles, Jim drives success by building strong, lean teams and key strategic partnerships with customers and suppliers around the world, and by leveraging the many leadership skills he developed over his 40 years as a Senior Executive. His experience includes working with private equity partners Charlesbank, Trivest and investment banks Goldman Sachs, JP Morgan and others, raising over $1 billion of debt and equity in multiple rounds, including a $150MM IPO on the NASDAQ, multiple dividend recapitalizations and a successful $305MM “go private” transaction, ultimately returning 3.5x to DEI’s original private equity partners. He completed and integrated 8 acquisitions at DEI ranging in size from $10 million to $136 million.
During his tenure as CEO of DEI from 2000 to 2016, Jim consistently demonstrated his ability to recognize opportunity to create hundreds of millions of dollars of shareholder value. For example, he created an exclusive agreement to provide all Sirius and XM satellite radios to the US aftermarket that resulted in over $500MM of sales in 4 years and a joint venture in telematics that delivered 1MM in vehicle devices in 2016 and a 10x investor return.
Earlier in his career, Jim served as the CEO of Clarion Corporation of America, where he had full P&L responsibility for the $560 million, 4500 employee Western Hemisphere headquarters of a $1.8 Billion Japanese public Company focused on the mobile electronics and navigation arenas supplying both the aftermarket (Best Buy, Car Toys, etc.) and automotive OEM’s (Nissan, Ford, Honda, etc.). Prior to joining Clarion, Jim was a key driver at Altec Lansing of a strategic plan to expand the company’s home and car audio business to include speakers for personal computers. By the mid 1990’s Altec was the largest supplier of speakers to computer makers (including Dell and IBM) and retailers like Best Buy and Comp USA. Sales exceeded $100 million.
Jim earned his Bachelor and Master degrees in Business Administration from the Pennsylvania State University, where he has been honored to serve as the graduation speaker for the University’s Executive MBA Program. He has also served as a guest lecturer at Stanford, the University of California and other universities, and as the graduation speaker for the Penn State Greater Allegheny (Pittsburgh) Campus. He also speaks publicly on the topic of Servant Leadership.
Committed to “paying it forward,” Jim is the Founder and Chairman of DEI’s Forte for Children Charitable Foundation, which has raised over $5 million to help disadvantaged children, and is active on a number of charitable organization boards. He enjoys travel with his wife Megan, and has visited over 70 countries.