Advent International — J. Rich Alexander, who previously held a number of leadership positions at PPG Industries Inc. (NYSE: PPG), has jumped to New York private equity Advent. As an operating partner, Alexander will assist in identifying potential investment opportunities in the chemicals and materials sector. Alexander currently serves on the board of directors of Allnex, a supplier of coating resins and additives that Advent acquired from Cytec Industries in April 2013. He previously served as vice president of PPG's industrial coatings division, among other roles. Alexander also served on the board of directors of Calgon Carbon Corp. (NYSE: CCC).
CFO Squad LLC — The New York-based consulting firm hired Michael Armandi as chief operations officer. He will be responsible for managing CFO Squad’s accounting department. Armandi, previously president and CEO of BEE Inc., brings with him over 15 years of accounting, corporate finance and corporate tax experience.