Pohlad Companies Focused on Accelerating Future Growth

MINNEAPOLIS, Jan. 8, 2019 /PRNewswire/ -- The Pohlad Companies, a privately held portfolio of businesses and investments spanning a variety of industries, today announced that effective January 14, 2019, Mike Borofsky will join Pohlad Companies' Management Group as chief operating and strategy officer. This newly created position complements the exceptional depth and strength of the Pohlad Companies' current executive and family talent and positions the organization to accelerate future growth. Mike will report to Pohlad Companies CEO Bert Colianni and work closely with Jim, Robert and Bill Pohlad in their oversight capacities.

"We are thrilled to welcome Mike to Pohlad Companies and excited to introduce him to our team and community," said Robert Pohlad. "The Pohlad family has long relied on strong, future-focused leadership to build our portfolio of businesses and support vital community initiatives, and we're confident that Mike's experience and leadership capabilities, combined with the energy, engagement and commitment of the second and third generations of the Pohlad family and our current management group, will help us achieve our goals for future growth."

Prior to joining Pohlad Companies, Mr. Borofsky served as senior vice president of MacAndrews & Forbes Incorporated, a diversified, New York-based investment company. His responsibilities included acquiring and building global, high cash flow, market-leading businesses and helping the companies innovate and grow. Mr. Borofsky also previously held positions at Skadden, Arps, Slate Meagher & Flom, LLP and Goldman Sachs. He received his B.A. from Yale University and his J.D. from Columbia University School of Law.

About Pohlad Companies
Founded by Carl R. Pohlad in the 1950s, the Pohlad Companies had its start in the banking and soft-drink bottling industries. Now managed by his three sons Jim, Robert and Bill, with third generation family members actively involved, the organization has four primary business groups. Operating Companies includes ownership and management of firms in diverse industries such as commercial real estate mortgage banking (NorthMarq Capital), automobiles (Carousel Motor Group) and automation (PaR Systems); Real Estate includes commercial real estate development and investment activities, principally through United Properties LLC.; Sports and Entertainment comprises investments in the sports and entertainment industries including the Minnesota Twins Major League Baseball Club; and Investments includes direct and non-control investments in privately held companies and in financial instruments of varying duration and type. The Pohlad family and the Pohlad Companies have a deep commitment to the communities where they live and work, demonstrated through the Pohlad Family Foundation, along with the giving and engagement initiatives of its operating businesses and employees. To learn more, visit pohladcompanies.com.

SOURCE Pohlad Companies

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