Paul Hilal

Paul Hilal
Residence New York City, New York, US
Alma mater Harvard College
Columbia University
Occupation Founder and CEO of Mantle Ridge
Known for Canadian Pacific Railway
Pershing Square Capital Management
Parents
  • Sadek Hilal (father)
  • Cynthia Ann Tutundgy Hilal (mother)
Relatives Philip Hilal, Peter Hilal, and Diane Hilal Campo (siblings)

Paul Hilal is the Founder and CEO of Mantle Ridge LP and an activist investor.[1][2]

Education

Hilal graduated from Harvard College in 1988 with a degree in Biochemistry. In 1992 he received his MBA and he received his J.D. from Columbia University School of Law in 1992, and also an M.B.A. from Columbia University School of Business in 1992.[1][3]

Career

Hilal started his career in 1992 as an investment banker at Broadview Associates.[4] Hilal then moved on to Hilal Capital Management in 1998 and left for Caliber Capital Management in 2002.[5]

Hilal joined Pershing Square Capital Management in 2006, where he worked for a decade.[6] During his time at Pershing Square, he worked on the firm’s activist investments in Ceridian, Air Products & Chemicals and Canadian Pacific Railway.[7][8][9]

While at Pershing, he served on Ceridian's board until the sale of the company to private equity firm Thomas H. Lee Partners in 2007.[7] Hilal also persuaded E. Hunter Harrison to come out of retirement to become CEO of the Canadian Pacific Railway.[9] Hilal served as a Director of Canadian Pacific until his retirement from Pershing Square in January 2016.[6][10]

In 2016, Hilal started Mantle Ridge, a New York-based investment fund with AUM of more than $1 billion.[11][12]

In January 2017, Paul Hilal led an effort to install former Canadian Pacific CEO E. Hunter Harrison as CEO of CSX Transportation.[12] In March of 2017, CSX announced that Hunter Harrison was appointed CEO of CSX, that Paul Hilal would become Vice Chairman of the Board, and that three independent directors would also join the Board of CSX.[13][14]

References

  1. 1 2 "Company Overview of Mantle Ridge LP". Bloomberg L.P. March 21, 2017.
  2. ↑ "Paul C. Hilal ’92". Columbia Business School. Retrieved March 20, 2017.
  3. ↑ "Paul C. Hilal MBA". 4-Traders. Retrieved March 24, 2017.
  4. ↑ "Paul C. Hilal". Crunchbase. Retrieved March 22, 2017.
  5. ↑ "About Us". Mantle Ridge. Retrieved March 18, 2017.
  6. 1 2 Julia La Roche (January 27, 2016). "Bill Ackman's lieutenant is leaving Pershing Square to pursue a new venture". Business Insider.
  7. 1 2 "Ceridian Corporation and Pershing Square Capital Management Resolve Proxy Contest". Business Wire. September 8, 2007.
  8. ↑ David Benoit (January 19, 2017). "Meet Paul Hilal, The Activist Investor Taking on CSX". The Wall Street Journal.
  9. 1 2 Brent Jang (June 29, 2012). "As Harrison takes CP’s top job, Ackman’s coup is complete". The Globe and Mail.
  10. ↑ Ian Austen (May 17, 2012). "Ackman Wins Proxy Fight at Canadian Pacific". The New York Times.
  11. ↑ Michael Flaherty (October 6, 2016). "Ex-Pershing Square partner Hilal preps new fund". Reuters.
  12. 1 2 Michael Flaherty (January 18, 2017). "Ex-Canadian Pacific CEO, activist investor teaming up for CSX stake: source". Reuters.
  13. ↑ Ronald Orol (March 6, 2017). "CSX, Mantle Ridge Reach Blockbuster Deal". TheStreet.com.
  14. ↑ Antoine Gara (March 7, 2017). "Hunter Harrison Landed CSX's Top Job By Quickly Giving Up On Norfolk Southern". Forbes.
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