Are strategics benefiting from Wall Street's pains? We ask because for the second time in two days we've seen a former banker land a dealmaking job at a strategic. The latest is Kevin Drumm, who has joined RSC Equipment Rental Inc. as
senior vice president of strategic development, a newly created position. RSC is one of the largest equipment rental companies in the U.S., with $1.54 billion in 2007 revenue. Drumm joins from Bank of America Securities LLC, and previously worked at Goldman, Sachs & Co.
On Monday, we told you how Eric S. Gleason, a former banker at J.P. Morgan Chase & Co. and Goldman Sachs, was taking over as vice president of corporate development at
Allegheny Energy, a Northeast utility with about $3 billion in annual revenue.
Other former bankers who've made the jump to corporate gigs recently are
Tarkan Gurkan, who in May joined Campbell Soup Co. as vice president of corp dev, and former Citigroup Inc. vice chair of global banking
Mike Schell, who since May has been vice president of business development and law at Alcoa Inc.
Can we call this a trend, yet?
- Suzanne Stevens
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Juergen Lasowski
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