Shipston’s team is made up of experienced operators and investors, many of whom have held executive positions at major U.S. and international corporations spanning multiple industries. Our executive team has extensive experience working with both public and private entities. Executing complex corporate transactions is considered one of Shipston’s core competencies.
Michael D. Dingman
Founder & Chairman
Through Shipston, Mr. Dingman began investing in emerging markets, with an emphasis on restructuring opportunities in Russia as that nation began its privatization of government owned industries.
Mr. Dingman is very well known as the Founder, Chairman and CEO of the Henley Group. Henley was a spin-off of 35 different operating businesses from Allied Signal. Under Mr. Dingman’s leadership, the Henley Group’s initial public offering was the largest ever accomplished up until that time. Many of those initial companies, know as “Dingman’s Dogs,” were successfully developed and re-purposed and eventually spun-off or sold to create further shareholder value.
Mr. Dingman is a former director of Ford Motor Company (21 years), Time Inc. and Time Warner Inc. (23 years), and Mellon Bank Corporation.
David R. Dingman
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.
Mr. Shulman began his business career in 1967 as an associate in Burnham & Company where he remained until 1969. He then became a senior vice president of corporate development for Wheelabrator-Frye, Inc. and its successor company The Signal Companies, Inc. from 1970-1984. In that capacity he was involved in a large number of mergers and acquisitions and corporate restructurings including refinancings and spin-offs.
Currently Mr. Shulman is active as an investor and director of several companies including GeNO LLC, MTI, and Ark Restaurants. Mr. Shulman is also an advisor to several private equity groups including Trimaran Capital Partners, AUA Private Equity Partners and Solace Capital Partners.
Mr. Shulman graduated from Stevens Institute of Technology in 1962 and received his MS degree in 1963, and in 2002 was awarded an Honorary Doctorate.
Mr. 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.
Prior to his active involvement with Shipston, Mr. Tremain was an analyst at Merrick Ventures, a Chicago-based holding company. In this role, Mr. Tremain primarily focused on investments in healthcare and was involved in deal sourcing, diligence, and transaction execution-related capacities for bolt-on acquisitions for a public healthcare IT company.
Previously, Mr. Tremain held a variety of roles at UBS including positions in product development, strategy, and operations.
Mr. Tremain received his MBA with distinction from the Kellogg School of Management at Northwestern University, and graduated Summa Cum Laude from Boston College with a B.S. in Finance and Marketing.
Shamel Rushwin has over 30 years of business, engineering and operations management and is an accomplished global automotive executive and corporate officer with significant business experience in Asia, South America and Europe.
Mr. Rushwin has led the successful design, construction and launch of eight world-class manufacturing facilities with a history of bringing unique perspectives to operations.
He is widely regarded for his expertise in continuous improvement and variability reduction using the Six Sigma methodology. Mr. Rushwin ihas been a faculty member at the Massachusetts Institute of Technology, the University of Michigan and Wayne State University.
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 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.
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.