CPAA

Failed

Conyers Park III Acquisition Corp.

Raised
$350M
CIK
1841137
SPAC Ticker
CPAAU
Focus
Consumer
External link: SEC Filings

SPAC Team

Leadership

James M. Kilts, our Co-Chief Executive Officer , is a renowned leader in the consumer industry, with over 40 years of experience leading a range of companies and iconic brands. Mr. Kilts served as Chairman of the Board, Chief Executive Officer and President of The Gillette Company, or Gillette, from 2001 until it merged with The Procter & Gamble Company in 2005; at that time he became Vice Chairman of the Board of The Procter & Gamble Company. Before Mr. Kilts joined Gillette, the company’s sales had been flat for four years, and it had missed earnings estimates for 14 consecutive quarters. Mr. Kilts took steps to rebuild the management team, cut costs and reinvest the savings in innovation and marketing. During his tenure as Chief Executive Officer, Mr. Kilts oversaw the creation of approximately $30 billion in equity value for Gillette’s public shareholders, with Gillette’s share price appreciating 110% while the S&P 500 declined 3% over the same time period. Under Mr. Kilts’ leadership, Gillette rejoined the top ranks of consumer products companies as sales increased an average of 9% each year. The Harvard Business Review cited Mr. Kilts’ leadership as the driving force behind Gillette’s turnaround. Prior to Gillette, Mr. Kilts served as President and Chief Executive Officer of The Nabisco Company, or Nabisco, from 1998 until its acquisition by The Philip Morris Companies in 2000. Before joining Nabisco, Mr. Kilts was an Executive Vice President of The Philip Morris Companies from 1994 to 1997 and headed the Worldwide Food group. In that role, Mr. Kilts was responsible for integrating Kraft and General Foods and for shaping the group’s domestic and international strategy. Mr. Kilts had previously served as President of Kraft USA and Oscar Mayer. More recently, Mr. Kilts served as Chairman of the Board of Nielsen Holdings PLC from 2011 to 2014 while it was under private ownership. During this time Mr. Kilts worked closely with management to defend key existing customers and win new business. During their investment period, the investor group’s equity value creation was nearly $7 billion.

David J. West, our Co-Chief Executive Officer and Chairman of the Board of Directors , is an established leader in the consumer industry, with over 30 years of experience leading a range of companies and well-known brands. Mr. West served as Chief Executive Officer and President of Big Heart Pet Brands (formerly Del Monte Foods) from 2011 to 2015. Mr. West worked closely with Mr. Kilts during this time period, as Mr. Kilts was Chairman of the Board of Big Heart Pet Brands. Mr. West repositioned the business to focus on growth and innovation, enhance distribution and develop a marketing culture to focus on brands and products. The J. M. Smucker Company purchased Big Heart Pet Brands in March 2015. During his tenure as Chief Executive Officer of Big Heart Pet Brands, Mr. West oversaw the creation of approximately $2 billion of equity value for investors. Prior to joining Big Heart Pet Brands, Mr. West served as the Chief Executive Officer, President and a director of The Hershey Company, or Hershey, from 2007 to 2011. Under Mr. West’s leadership, Hershey experienced net sales and profit growth and strong shareholder returns, and was recognized as one of the World’s 100 Most Innovative Companies by Forbes Magazine in 2011. The success created by Mr. West’s leadership at Hershey led to more than $5 billion of equity value creation for shareholders during his tenure. Hershey’s share price appreciated 68% during this time period, while the S&P 500 was flat. Prior to joining Hershey in 2001, Mr. West spent 14 years with Nabisco, where he worked closely with Mr. Kilts during Mr. Kilts’ tenure as Chief Executive Officer. We believe Mr. West’s deep consumer industry background, coupled with broad operational and transactional experience, make him well qualified to serve as Chairman of the Board of Directors.

Brian K. Ratzan, our Chief Financial Officer and Director , has over 25 years of private equity investing experience and SPAC investing experience, investing in a variety of businesses and brands. Mr. Ratzan has served as a Partner at Centerview Capital Consumer since 2014. Previously, Mr. Ratzan was Partner and Head of U.S. Private Equity at Pamplona Capital Management from 2012 to 2014. Prior to joining Pamplona, he was Managing Director and Head of Consumer at Vestar Capital Partners, which he joined in 1998. Mr. Ratzan also previously worked in the Investment Banking Group at Donaldson, Lufkin and Jenrette. Over the course of his investing career, Mr. Ratzan has been intricately involved in numerous consumer-oriented companies, including The Simply Good Food Company, Advantage Solutions, Del Monte Foods, The Sun Products Corporation (formerly known as Huish Detergents, Inc.) and Birds Eye Foods, Inc. Mr. Ratzan holds a bachelor’s degree in economics from the University of Michigan, where he was a member of Phi Beta Kappa, and a Master of Business Administration degree from Harvard Business School. We believe Mr. Ratzan’s extensive investment management and transactional experience make him well qualified to serve as a Director.

Max Papkov, our Vice President of Strategy and a Director , has nearly 15 years of private equity investing, SPAC investing experience and investment banking experience. Mr. Papkov is a Principal at Centerview Capital Consumer, which he joined in 2011. Prior to joining Centerview Capital Consumer, Mr. Papkov was a member of the Centerview Partners investment banking team from 2009 to 2011. Earlier in his career, Mr. Papkov was also a member of the mergers and acquisitions group of Merrill Lynch. Over the course of his investing career, Mr. Papkov has been intricately involved in numerous consumer-oriented companies, including The Simply Good Foods Company, Advantage Solutions, Big Heart Pet Brands, Del Monte Foods, Richelieu Foods, Ole Smoky Tennessee Moonshine and The Nielson Company. Mr. Papkov received a B.S. in Finance from Rutgers University. We believe Mr. Papkov’s extensive investment management and transactional experience make him well qualified to serve as a Director.

Carol Herman, our Director , is a consumer products advertising and marketing specialist and is a Principal of The Acme Idea Company, a strategic and creative consultancy she co-founded in 1998. Over the course of Ms. Herman’s marketing career, she has been intricately involved in brand-building for many top consumer marketing companies, including Procter and Gamble, Kraft Foods, Duracell, Gillette, Tempur-Pedic, Johnson & Johnson, White Wave Foods and The Simply Good Foods Company. At Acme, she also directed the launch of eBay, developing its brand positioning and creative identity which continue to be the foundation of the brand today. Prior to founding Acme, Ms. Herman was an Executive Vice-President at Grey Advertising, where she led the Kraft and Playskool businesses. Ms. Herman graduated Magna Cum Laude from the University of Pennsylvania with a B.A. in Sociology. We believe Ms. Herman’s extensive marketing and brand management experience as well as her broad network make her well qualified to serve as a Director.

Nancy Karch, our Director , is a former Senior Partner of the international consulting firm, McKinsey & Company. In her 26 years with McKinsey, she held several leadership positions, including Managing Partner of the Retail and Consumer Industries Sector and Managing Partner of McKinsey Southeast United States. In her latter capacity, she had full P&L responsibility for all of McKinsey’s consulting activities in the Atlanta, Charlotte and Miami offices, and management oversight of approximately 300 staff in these locations. Her clients included leading retailing, food, consumer packed goods, hospitality and foodservice companies. For most of her partnership years, Ms. Karch was the most senior woman at McKinsey, and in the history of McKinsey at that time. Ms. Karch has previously served on the boards of Nabisco, Toys“R”Us, Gillette, Kate Spade, CEB, Genworth Financial, Kimberly-Clark, Mastercard and Northern Westchester Hospital. She currently serves on the boards of the SPCA of Westchester, Westchester Land Trust and St. Mary’s Children’s Hospital, and is on the advisory board of Northwell Health, New York state’s largest health system. Ms. Karch received a B.A. in mathematics from Cornell University, an M.S. in mathematics from Northeastern University and a M.B.A. from Harvard Business School. We believe Ms. Karch’s extensive operational and board experience make her well qualified to serve as a Director.

Arvin “Rick” Kash, our Director , served as Vice Chairperson of Nielsen Holdings Plc (or its predecessor) from January 2011 to January 2017. Mr. Kash is the founder of The Cambridge Group, a growth strategy consulting firm, which became a subsidiary of Nielsen in March 2009. He served as its Chairman from December 2010 until December 2011 and prior to that was its Chief Executive Officer. Mr. Kash is a director of IRI (Information Resources, Inc.), Genus Oncology, Blue Moose of Boulder and Northwestern Memorial Foundation Hospital. He is a graduate of DePaul University, where he was also received a Doctor of Humane Letters degree. We believe Mr. Kash’s extensive operational and board experience make him well qualified to serve as a Director.

Peter Klein, our Director , founded PK Associates, a consumer products focused growth management consultancy, in 2005. From March 2001 through September 2005, Mr. Klein was Senior Vice President and Corporate Officer of The Gillette Company, responsible for Strategy, Planning, Business Development and Global Marketing Resources. Mr. Klein was actively involved in acquisitions and divestitures, new products, functional excellence, strategic sourcing, the sale of Gillette to Procter & Gamble and integration planning. Previously, Mr. Klein was Executive Vice President and Corporate Officer of Strategy, Business Development, Marketing Services and Global e-Business at Nabisco Holdings Corp. from January 1998 through December 2000, and departed Nabisco following Nabisco’s public auction and sale to Phillip Morris/Kraft Foods in December 2000. Mr. Klein joined Nabisco Foods from The Cambridge Group, where he served for seven years as Partner and Managing Director of its east coast office, which he opened in 1991. Prior to joining The Cambridge Group, Mr. Klein was a senior partner for ten years at Marketing Corporation of America, where he led the consumer products management consulting practice. Before consulting, Mr. Klein worked in line sales, marketing and business development at Sterling Drug from 1978 to 1981 (Vice President, Business Development), The Gillette Company from 1972 to 1978 (Director of Marketing & Sales for Braun North America and Group Marketing Manager in Personal Care), and Johnson & Johnson from 1971 to 1972 (Consumer Trade Promotion and Marketing). Mr. Klein is on the Board of Selectors of the Multiplying Good/Jefferson Awards Foundation, on the marketing advisory board at Syracuse University’s Whitman School of Management, on the advisory board of Centerview Capital Consumer, and is Non-Executive Chairman of Vision For and From Children. Mr. Klein received a B.S. in Marketing & Finance from Syracuse University and an M.B.A. from Harvard Business School. We believe Mr. Klein’s broad operational, marketing, and transactional experience make him well qualified to serve as a Director.