The Potawatomi Business Development Corporation (PBDC) has announced that Paul Hoesly, the company’s current CFO, was promoted to take on the additional role of chief strategic officer.
Hoesly has been with the group since 2018, providing direct insight into the investments of the company, guiding strategic direction, investment selection, due diligence, post-acquisition integration, and divestiture.
Prior to joining the group, Hoesly was a senior manager at accounting firm Ernst and Young, and held various financial leadership positions with consumer products companies including Johnson Outdoors, Scubapro, and Master Lock, as well as industrial businesses such as Gardner Denver and Lucas Milhaupt.
With his added role, he will oversee the development, communication, and execution of the firm’s strategic initiatives to produce long-term, sustainable success for the company.
During his time with PBDC, Hoesly revised banking and treasury relationships which resulted in new and creative financing opportunities for both acquisition and operational growth.
He said: “We are seeing exceptional growth in our commercial and federal operations. Having this focus allows me to oversee the execution of our strategic plans and facilitate the development of high-impact initiatives for the company.
“This will be incredibly helpful as we look to PBDC’s future success.”
Randy Mueller, CEO, PBDC, added: “Our holdings have grown nearly tenfold in recent years and Paul’s contributions are key to that success.
“We are thrilled to have him take on this added focus and look forward to what the team will achieve on behalf of our shareholders, the Forest County Potawatomi Community, in the years ahead.”