Managing Director, Benefit Capital South
West, Inc.
Mr. Prosswimmer joined the firm as a Managing Director in 1989. He brings to
Benefit Capital a unique balance and perspective on Employee Stock Ownership
Plans derived from his four and one half years as Chief Financial Officer of
Weirton Steel Corporation, one the nation's most successful employee-owned
industrial corporations. His background provides a wealth of practical
experience in the complex elements of plan design and repurchase liability
analysis and in the sophisticated and sensitive techniques of effective
communications and employee involvement.
Prior to joining Weirton,
Mr. Prosswimmer served 11 years with ITT, as VP/Comptroller and VP/Treasurer of
ITT Rayonier Incorporated, where he directed all financial functions and played
a key role in strategic planning and in engineering both acquisitions and
divestitures. His earlier experience included 13 years with Corning Glass Works
in a wide variety of increasingly responsible operating and financial
positions.
Mr. Prosswimmer received his A.B. in Psychology from AmherstCollege and his M.B.A. from HarvardGraduateSchool
of Business Administration. He has taught management and financial courses at
the CornellSchool
of Industrial Management and ElmiraCollege. He is an active
member of the ESOP Association and the NationalCenter
for Employee Ownership.
