Hilco Merchant Resources Announces Promotions of Key Executives
Gary Crunkleton has been named Executive Vice President – Operations
Sheri Redeker promoted to Vice President – Field Operations
Catrina Stephenson promoted to Vice President – Financial Operations
Northbrook, Ill., – Hilco Merchant Resources (HMR) is pleased to announce the promotions of key leaders Gary Crunkleton, Sheri Redeker, and Catrina Stephenson, effective January 1, 2023. Mr. Crunkleton has been promoted to Executive Vice President – Operations., Ms. Redeker has been promoted to Vice President – Field Operations, and Ms. Stephenson has been promoted to Vice President – Financial Operations.
In this new role as EVP-Operations, Mr. Crunkleton will be a key member of our leadership team, responsible for leading and overseeing various transactions while collaborating with the executive team to challenge assumptions, optimize operating strategies, and refine transactional models to optimize results.
A seasoned executive with decades of retail and liquidation experience, Mr. Crunkleton is one of the foremost authorities operating retail liquidation deals in the country. Since joining Hilco Merchant Resources in 2000, he has operated or overseen over 500 unique transactions for some of the largest retailers in the country, including JCPenney’s, Sports Authority, Aeropostale, RadioShack, Payless Shoes, and others. These transactions have collectively resulted in tens of billions of dollars in recovery for retailers and creditors alike.
Ms. Redeker, in her new role as VP-Field Operations, is responsible for day-to-day field operations for all HMR transactions.
Prior to this recent promotion, Ms. Redeker was a Senior Project Manager with more than 25 years of experience in the retail restructuring industry before joining the Hilco corporate office as the Vice President of Field Operations. Since joining Hilco in 1992, Sheri has led several large transactions, most recently managing a multi-phase liquidation of Lord & Taylor store closings. Additionally, she oversaw the 623 store closings and FF&E disposition for Aeropostale, liquidating $1.8 billion of retail inventory.
As VP-Financial Operations, Ms. Stephenson is responsible for providing financial operations support to the CFO and Corporate Operations Department and financial, analytical, and operational field resources to manage each transaction and maximize results. For the past nine years, Ms. Stephenson has been a Financial Lead with the HMR field team, successfully managing several large and high-profile store closing transactions, including Lord & Taylor, Things Remembered, National Stores, Toys R Us Australia, Sears Canada, JCPenney, Aeropostale, and Denier Leather.
Before joining the HMR field team in 2013, Ms. Stephenson held several roles in Store Operations with Zellers/Hudson Bay Company in Canada for 23 years.
“The combined years of impressive experience, high-level work ethic, and leadership of these team members have all led to this much-deserved promotions,” said Ben Nortman – CEO of Hilco Global Retail Group. He continues, “Gary, Sheri, and Catrina are such invaluable members of the team.”
About Merchant Resources:
Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, asset monetization, and capital investment services to help define and execute a retailer’s strategic initiatives. The firm’s activities fall into several principal categories, including acquisitions; disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; interim company, division, or store management teams; loss prevention; and the monetization of furniture, fixtures, and equipment.
Hilco Global Retail Group is part of Northbrook, Illinois-based Hilco Global, the world’s leading authority on maximizing the value of business assets by delivering valuation, monetization, and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units around the world. For more information, please visit: (www.hilcoglobal.com).
Senior Director, Marketing – Hilco Global