Business
Acacia Research Enhances Senior Management Team, Names Richard Rosenstein as CFO, Meredith Simmons as General Counsel
Accomplished and Experienced Executives Strengthen Senior Management Team NEW YORK--(BUSINESS WIRE)-- Acacia Research Corporation (“we,” "Acacia" or "the
About this update from Acacia Research Corporation
[{"type":"text","content":"\nAccomplished and Experienced Executives Strengthen Senior Management Team\n\n NEW YORK--(BUSINESS WIRE)--\nAcacia Research Corporation (“we,” \"Acacia\" or \"the Company\") (Nasdaq: ACTG) today announced that it has enhanced and expanded its senior management team with two key appointments. Richard Rosenstein was named Chief Financial Officer and Meredith Simmons was appointed as General Counsel, effective immediately.\n\n\nClifford Press, Chief Executive Officer, stated, “We are expanding our senior leadership team to accelerate our stated M&A strategy. Richard brings significant CFO and executive leadership experience and has a previous background as a research analyst and as an investor, which we think will make an excellent addition to our executive team. Meredith has a proven track record of excellence both as an attorney, and in demonstrating her business acumen in her consulting work for hedge funds and private equity firms. We think Meredith’s skills are essential to help us build our platform. Both Richard and Meredith also bring a significant amount of transactional experience to our team. We welcome Richard and Meredith and we are confident their experience and capabilities will serve our shareholders well.”\n\n\nMr. Rosenstein has served in several CFO roles, most recently as CFO of CLEAR since 2017. This follows over 15 years of experience as a research analyst covering the communications, media, and entertainment industries at Goldman Sachs and Baron Capital. Mr. Rosenstein has a BA from the University of Pennsylvania and an MBA from Columbia Business School.\n\n\nMs. Simmons most recently served as General Counsel and Chief Compliance Officer of Mason Capital Management from 2011 through 2018, as well as a consultant to private equity and hedge funds from 2018-2020. Prior to this, Ms. Simmons held legal roles at Cantor Fitzgerald, and several major U.S. law firms. Ms. Simmons has a BA from the University of California, Los Angeles and JD from Georgetown University Law Center. She also holds an LLM from New York University Law School.\n\n\nAbout Acacia Research Corporation\n\n\nFounded in 1993, Acacia Research Corporation (ACTG) invests in absolute return assets of intellectual property, life sciences, and other developed technologies. In 2020, Acacia embarked on a strategic partnership with Starboard Value, L.P....