Friedman Fleischer & Lowe, a private equity firm focused on mid-market companies, has hired Jeffrey P. Lane as an operating partner.
Lane will join FFL in August from Boise, where he was senior vice president and general manager, packaging with responsibility for managing a $1.0 billion business unit and for leading a variety of successful growth and performance improvement initiatives.
Prior to Boise, Lane was a Partner at McKinsey & Company, where he led growth and performance enhancement programs at several global companies. Previously, he’d held senior executive positions as president of Microcoating Technologies and as vice president of marketing and businessdevelopment at Westinghouse Security Systems. Lane also served in a variety of brand management positions at Procter & Gamble earlier in his career.
“Jeff is a seasoned executive with tremendous experience identifying areas for growth and operational improvement, as well as successfully building companies through acquisition, integration, and implementing needed change,” said Spencer Fleischer, FFL president. “He brings very broad experience across both industry sectors and functional areas. We are fortunate to add Jeff to our experienced operating team, and confident he will deliver enormous value to our portfolio.”
Last month, FFL tapped Rick Lenny, former chairman and CEO of The Hershey Company, as an operating partner.
FFL is a San Francisco-based private equity firm with approximately $2.5 billion under management that is focused on investing in U.S. middle-market companies. Formed in 1997, FFL’s strategy is to invest in market-leading companies that generate high returns on invested capital and that have strong, defensible competitive positions, attractive growth prospects and outstanding management.