Justin Wender, president of private equity firm Castle Harlan, resigned from the firm and its associated companies, effective immediately, James Horton, a spokesman, confirmed in an e-mail response to inquiries.
Howard Morgan and Bill Pruellage, senior managing directors, were named co-presidents to replace Mr. Wender.
“After 17 years at Castle Harlan, I have made the difficult decision that it makes sense for me to move on. … I expect to assess and announce my next steps in due course,” Mr. Wender said in a statement in a Castle Harlan news release.
“The founders and I had different visions of the future and as a result, it was time to move on,” Mr. Wender said in an interview.