Steven J. Kumble, C. Kenneth Clay and Peter B. Van Raalte formed Corinthian Capital Group LLC, a leveraged buyout firm. All three had ties to Lincolnshire Management, a buyout firm. Mr. Kumble was a founder of Lincolnshire and CEO until 1998, when he became chairman emeritus. Mr. Van Raalte was senior managing director and Mr. Clay was a managing director. Lincolnshire hired PieterKodde, William Hall and James McLaughlin as managing directors. They are not direct replacements for Messrs. Kumble, Clay and Van Raalte but will take on their duties. Mr. Kodde was managing director of Rabobank International; Mr. Hall was president and CEO of Sight and Sound Distributing Co., a Lincolnshire portfolio company; and Mr. McLaughlin was a partner in the law firm of Pillsbury Winthrop. Messrs. Kumble, Clay and Van Raalte filed suit in August against Lincolnshire, claiming the firm withheld fees owed to them. Lincolnshire spokesman Alex Stanton said firm executives "believe there are numerous false allegations" and the lawsuit "is without merit." He added Lincolnshire intends to file an answer and counterclaim this month.
Julie White was named director of corporate governance for North Carolina Treasurer Richard H. Moore's office. The position is new. Ms. White will develop, maintain and implement corporate governance policies for the $64.9 billion North Carolina State Retirement System, Raleigh, which is overseen by Mr. Moore. Ms. White was Mr. Moore's director of communications.
