Category Archives: CEO Profiles

Don Ressler is an Online Strategist and Fashion Maven

Don Ressler is a businessman and entrepreneur and began his career when the Internet was in its young stage. Ressler and his friend and business partner Adam Goldenberg, is the Co-Founder of the online fashion retail subscription service, JustFab. Formerly named JustFabulous, the company was formed in 2010 and carries a selection of denim, jewelry, handbags and shoes. Mr. Don Ressler has also created several other companies with JustFab as the parent company including FabKids, Shoe Dazzle and Fabletics. The goal of the company is to provide the best shopping experience while delivering quality fashion and accessories at affordable prices.

The business model is subscription based and for a monthly fee, each member experiences a personal and unique shopping experience at http://ecommerce-news.internetretailer.com/nav/tags/donressler/0. Upon subscription, each member fills out a survey that serves as a preference base upon which all choices made. On the first of each month, a personal stylist chooses several items according to each member’s preference survey and the member has the choice to accept all or some of the items, reject some or all of the choices or choose alternate items.

Mr. Don Ressler received funding from Matrix Partners in 2011 to help support their new start-up. The additional funding helped Ressler and Goldenberg expand their business in 2012 and establish operations in Canada, the United Kingdom and Germany. JustFab also acquired FabKids, a children’s online subscription service. Don Ressler also attracted the attention of Kimora Lee Simmons, fashion icon and businesswoman, who was intrigued by the company and the business model. Simmons saw the incredible potential of the company and did not hesitate to take on the roles of President and Creative Director. One of her great strengths and talent is to cultivate a fan and customer base through social media.

In 2013, JustFab upped its game and level of visibility when it embarked on a path in television. JustFab became the subject of a television show called “Kimora: House of Fab.” Each episode showcased a behind the scenes look at the JustFab offices and the duties of the marketing and merchandising division and the public relations department. The television series served as a tremendous marketing tool as it brought attention to its subscription service as well as the name JustFab.

The company has grown significantly and quickly and has added brick and mortar locations to its holdings. There is a three to five year expansion plans in place to add another 75 to 100 store locations to its repertoire.

Squaw Valley Holdings Experiences Drought And Political Instability

Squaw Valley is a resort located in Lake Tahoe and its president, and CEO is a popular skydiver, Andy Wirth. Since his appointment to this important position in the resort, Andy has strived to ensure that the place is the best for tourists coming from all parts of the world. He has worked extremely hard to ensure that the climate is the area is favorable for the tourists visiting the destination, and he has also tried to develop the area for the communities residing there. During his tenure as the CEO, residential and other properties have been built, and he still continues to develop the area. Road maintenance and other services have been his priority too.

Before becoming the CEO of Squaw Valley, Andy Wirth was involved in a serious accident when playing. The skydiver expert was forced to stay in the hospital and endure several surgeries just to recover his right arm, and fortunately, he managed to recover. After being discharged, he started a foundation to collect funds and support wounded players get back to their playing activities.

During his tenure as the CEO of the resort, Andy has experienced some difficulties. The journey has not been as smooth as he always wanted and expected. The last four years have been the worst to be precise. The whole of Lake Tahoe area did not receive the rains as usual, and this ended in a bad drought. The resorts operating in the region were affected, not forgetting the tiny businesses depending on the resorts for survival.
Apart from the serious drought in the area, Andy Wirth has had to endure a serious political challenge in the region. Some individuals in the area were asking for the incorporation of Olympic Valley, something that Squaw Valley Holdings was against. These two factors affected the community, and the businesses were almost collapsing.

Things have been good of late, and fortunately, Lake Tahoe community and the surrounding resorts can finally enjoy some peace of mind. Everything seems to be falling in place, and hopefully, the crisis will come to an end before everyone knows it. The rains come earlier than usual, and Mother Nature was generous to produce more than the expected rains. The rains put an end to the drought, something that could not have been resolved by humanity.

The storms come together with a lot of cold temperatures, and thanks to these two factors, the investors in the area had an opportunity to open their businesses earlier than usual. Although this has never happened in the last decade, the resorts will make a lot of money. The incorporation of Olympic Valley did not succeed, bringing an end to the problems Andy has been experiencing. Everything is now back to its original form.

Source: the Reno Gazette-Journal

Achievements Made at Citadel LLC Courtesy of the Prudent Stewardship from Kenneth Griffin

Citadel was founded in 1990 with $4.6 million. Within a short span, Citadel had grown to a team of more than 100 employees. The corporation was in possession of $1 billion in investment capital. In March 2015, Citadel got a Top 10 Great Workplaces in Financial Services positioning by the Great Places to Work Institute, which depended on an overview taken by Citadel representatives. Griffin was credited for executing on valuewalk.com a shared work culture and rewarding employees. Such employee benefits include free lunch, historical center visits, work out programs and gifts. Citadel employees are well remunerated making the entity an attractive company to work for given the immense recognition of employee’s contribution towards furthering the organizational goals.
Citadel believes in having a proper risk management plan. The company has been managing risk with the view to capitalizing on the various market opportunities. In order to improve its performance, the corporation has managed to recruit a workforce of competent and experienced risk management experts. The corporation’s investment strategies incorporate a disciplined risk estimation and management. Deeper collaborations and enhanced communication with different stakeholders have proven to be quite imperative towards enhancing the objectives of the company’s risk management department.
In order to strengthen its risk management approach, the firm has recruited a dedicated group that is well versed with issues of governance to oversee risk management across different departments. The team has been focusing on the liquid markets, funding structure and models of proprietary risks. The role of the risk management team is to identify the key areas of exposure to risks and drivers of performance. Identification of such exposure gaps helps the entity focus on the optimistic solutions that will seal such risk exposures. The other function of the risk management group is to define and keep an eye on tolerance guidelines that augment the consistency between the company’s business strategy and its risk taking abilities. Regular monitoring of the risks aids Citadel in establishing counter mechanisms against some of the causes of risk exposure.
Further, the risk management department of Citadel serves to build a strong risk culture through active participation in the process of investment. Lastly, the department has been quite focused on developing platforms that integrate information technology and analysis with the view to supporting estimation of risk and various management processes.
Born in Daytona Beach, Florida in 1968, Ken Griffin started investing while undertaking his undergraduate degree from the Harvard University. He graduated with a degree in economics. Armed with knowledge in hedge funding, Griffin believed that he could provide the market with innovative products that could give investors a portfolio through which they could enhance their income. He started his business from his university dormitory.
Griffin is a philanthropist who has donated about $500 million in support of various causes that includes tens of millions to various institutions in Chicago. Griffins together with the Bill and Melinda Gates Foundation funded and supported the opening of a new charter school in Chicago known as the Wood lawn High School.