CorpGov hosted a fireside chat on Sept. 13 from the floor of the New York Stock Exchange with Kurt Wolf, Managing Member and Chief Investment Officer at Hestia Capital Management, LLC. Mr. Wolf spoke to Editor-in-Chief John Jannarone about the company’s investment strategy, Mr. Wolf’s experience as the first activist at GameStop Corp. (NYSE: GME), the changes he has driven as an activist and a director at Pitney Bowes Inc. (NYSE: PBI), and more.
Watch the full interview below:
About Hestia Capital Management, LLC
Hestia Capital seeks to serve its Partners by generating attractive long-term, risk-adjusted absolute returns. The firm focuses on identifying misunderstood companies that are typically generating significant free cash flow. Through intense research, focused on understanding the competitive dynamics of the industry and their impact on the company’s prospects, we believe we are able to successfully pick those companies which are simply misunderstood versus truly broken.
About Kurt Wolf
Kurt Wolf is the Managing Member and Chief Investment Officer of Hestia Capital Management. Prior to founding Hestia Capital in 2009, Kurt’s investment experience included time as an Analyst/Senior Analyst at Relational Investors and First Q Capital, and as a co-Founding Partner at Lemhi Ventures. His prior strategy and operating experiences include serving as a co-Founder and Director of Competitive Strategy at Definity Health and as a consultant with Braxton Associates/Deloitte Consulting, Boston Consulting Group (BCG), and the Lemhi Group.
Kurt currently serves on the Board of Pitney Bowes (Ticker: PBI), where he is the Chair of the Value Enhancement Committee. He previously served on the Board of GameStop (Ticker: GME), where he was a member of the Strategic Planning and Capital Allocation Committee, and of Edgewater Technology, Inc. (Ticker: EDGW), where he was the Audit Chair, up until its acquisition by Alithya Group, Inc. (Ticker: ALYA). He received his MBA from the Stanford Graduate School of Business and his B.A. in Economics and Mathematics from Carleton College.
A big believer in giving back to his community, particularly through child-focused charities, Kurt was previously a Big Brother and served as the Chair of Missing Children Minnesota. He continues to stay engaged through coaching, where he focuses on helping kids learn life lessons through sports.
Editor@CorpGov.com
