WOODLAND HILLS, CA, (March 17, 2011) – Great American
Group, L.L.C. (OTCBB: GAMR), a leading provider of asset disposition solutions
and valuation and appraisal services, announced that it has appointed Michael
A. Petruski as the Executive Vice President and General Manager of the
Machinery & Equipment Valuation practice.
Michael will lead an experienced team of appraisal
professionals and associates in providing USPAP-compliant appraisals across the
broad spectrum of industrial assets for lenders, capital providers, private
equity investors and professional service firms.
Lester Friedman, CEO of Great American Group Valuation
Services L.L.C., said “Michael’s management experience in manufacturing,
industrial asset sales and appraisal, in conjunction with his collaborative
relationship with our disposition business unit, is integral to the growth of
Great American Group. Michael joined us
in June 2009 and has successfully led the growth of our industrial appraisal
verticals in metals and construction equipment.”
Michael has more than 22 years of collateral evaluation
and appraisal experience in asset-based lending. Prior to joining Great American Group,
Michael worked for Wachovia Capital Finance, a Wells Fargo Company, where he
managed the Collateral Evaluation Group as Director, Appraisal. Previously, he was with Citigroup’s Structured
Finance Division as Vice President, Collateral Evaluation. As a former executive with the American Can
Company, Michael was Director of International Machinery Sales and Materials
Procurement.
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