Shipston’s team is comprised of experienced operators and investment professionals, many of whom have held executive positions at major U.S. and international corporations, spanning multiple industries. The executives at Shipston Group have extensive experience working with both public and private entities, while the execution of complex corporate transactions is considered one of Shipston’s core competencies.
MICHAEL DINGMAN: President of the Board
Chairman of Shipston Group, Michael Dingman began investing in emerging markets in 1994, with an emphasis on restructuring opportunities in Russia as the nation was privatizing its industries. Former President of Signal and Allied Signal and CEO of Allied Signal’s spin-off Henley Group, whose $1.2 billion initial public offering in 1986 was at the time the largest in history, Mr. Dingman was also CEO of Fisher Scientific and a former director of Ford Motor Company (twenty-one years), Time Inc. and Time Warner Inc. (twenty-three years), and Mellon Bank Corporation.
SHAM RUSHWIN: Managing Director Automotive
An accomplished global automotive executive and corporate officer, Sham Rushwin brings over three decades of international business experience in Asia, South America, and Europe to the United States. In business circles, he is held in high esteem for his expertise in continuous improvement and variability reduction using the Six Sigma methodology. Known for bringing unique, innovative perspectives to operations, he has led the successful design, construction, and launch of eight world-class manufacturing facilities. Mr. Rushwin teaches, or has served on the faculty, at the Massachusetts Institute of Technology, the University of Michigan, and Wayne State University.
DAVID DINGMAN: Managing Director
A trusted leader in the industry with vast international expertise, Mr. Dingman is devoted to building Shipston’s U.S. Industrial Platform and dedicates significant time engaging with senior managers and operators to understand both the opportunities and risks of investments. Mr. Dingman serves on the board of Busche Enterprise Division, Inc. — Shipston’s first investment in the United States since the mid-1990s — and is deeply immersed in its expansion strategy. Since 2010, he has also been actively involved in acquisition diligence and negotiations in China and heads the oversight process for Shipston’s China portfolio. Having lived in the country for substantial periods of time, Mr. Dingman is intimately familiar with China’s business culture and legal system. Mr. Dingman received an MBA from the Carroll School of Management at Boston College where he also studied history as an undergraduate.
STEVEN SHULMAN: Managing Director
Steven Shulman has more than five decades of investment banking, private equity and executive experience. His career extends across a number of sectors, including the auto, materials and manufacturing sectors. In addition to his role with Shipston, he serves as an advisor to various private equity groups, including Trimaran Capital Partners, AUA Private Equity Partners and Solace Capital Partners. Since 1984 he has been president of The Hampton Group, his wholly owned company, in which capacity he has been active as an investment banker, investor and Board member of a large number of companies both public and private, including Ermanco, a material handling company and Cyterra, the largest manufacturer of land mine detection equipment. He is a director of GeNO LLC and MTI, two medical device manufacturers, and Ark Restaurants, a publicly traded restaurant holding company. Mr. Shulman graduated from Stevens Institute of Technology in 1962 and received his MS degree in 1963. In 2002 he was awarded an Honorary Doctorate from the university.
WINSTON WANG: Managing Director Shipston China
Before breaking into emerging market investments, Mr. Wang served as a diplomat with the Chinese Embassy in Washington D.C. During his service, he was a seven-year member of a government team negotiating for international agreements on nuclear energy, intellectual property, and environmental cooperation. Since joining the private sector over ten years ago, he has worked in Beijing, Hong Kong, and London. Mr. Wang received his MBA from the Darden Business School at the University of Virginia and attended the University of Science and Technology of China for his undergraduate studies.
HENRY NORDORFF: Managing Director
Henry Nordhoff has spent forty years in the healthcare field living in the U.S., Europe, and Asia. He spent the first sixteen years of his career with Pfizer, starting in finance and moving into business development and general management. In 1986, Mr. Nordhoff began working for Sterling Drug as head of mergers and acquisitions and acquired companies in Europe and in the U.S. He subsequently transitioned to the biotech field serving as CEO of two companies, taking one public and merging the other before joining Gen-Probe as President and CEO in 1994. During his 15 years as CEO of Gen-Probe, revenues grew at an average annual rate of 16% to $500 million in 2008, while net income grew 23% to $107 million. Cash grew from $17 million to $505 million, while the ratio of pretax income to revenues expanded from 10% to 34%. He retired as CEO of Gen-Probe in 2009 and remains Chairman. Mr. Nordhoff has a BA from Johns Hopkins University and an MBA from Columbia University.
ARON BEACH: Managing Director
Aron Beach is a Managing Director of Shipston Group. Mr. Beach is responsible for financial analysis and reporting, accounting controls, strategic planning, merger and acquisitions financial analysis and integration. Prior to joining Shipston Group, was a Director and Operating Partner of Z Capital Partners (“Z Capital”) as a member of the Private Equity Investment/Operations Team. Prior to joining Z Capital, Mr. Beach served as the CFO of ACCEL Performance Group (“ACCEL”), a branded manufacturer of aftermarket automotive performance products, sold through big-box retailers and specialty automotive distributors. Prior to joining ACCEL, Mr. Beach served in several roles of increasing responsibility with Thermo Fisher Scientific before leaving as Site Controller of its Matrix Technologies business. Mr. Beach received his Bachelor of Arts degree in Accounting from Michigan State University and MBA from Northwestern University’s Kellogg School of Management.
BRETT TREMAIN: Vice President
Mr. Tremain joined Shipston in 2012 as a member of the Beijing office. Before joining the team, he was an analyst at the Chicago holding company Merrick Ventures where he focused on deals in healthcare. While there, he played an integral role in deal sourcing, diligence, and helped execute transactions involving bolt-on acquisitions for a public healthcare IT company. Previously, he worked in product development, corporate strategy, and operations for UBS Financial Services. Mr. Tremain received his MBA with distinction from the Kellogg School of Management at Northwestern University and graduated Summa Cum Laude from Boston College.
SUNNY ZHAO: Vice President, Chinese Investor Relations
Sunny Zhao has spent the last 8 years working in both marketing and international hospitality, most recently with Abercrombie & Kent, working with a range of clients, from NBC to Fortune 500 executives. Before that, she served as Marketing Director at Hui Xiang Textile Inc. in Beijing. Mrs. Zhao attended NanKai University of Tianjin where she received a degree in International Business.
JOHN D. WHITE: Vice President, Information Technology
John White has more than 25 years of senior management experience as a business resources and technologies manager at Fortune 500 companies and private organizations. He has played integral roles in and has deep knowledge of mergers & acquisitions, strategic planning, restructuring and turnarounds, implementing and integrating enterprise resource planning software, project management, and process re-engineering. Prior to joining Shipston, Mr. White served as President and Senior Program Consultant at White Knight Consulting. Previously, he was the Chief Information Officer for Red Hawk Fire & Security. John received an MBA with a finance concentration from Indiana University and a B.S. in Mathematics from the University of Minnesota, Morris.