Riverwood Capital Co-Founder Thomas J. Smach Joins Pinnacle's Board of Directors, Bringing Global Management Experience to the Firm

September 09, 2011


Syracuse, New York - Pinnacle Holding Company, LLC, a Syracuse, New York based financial services firm has appointed Thomas J. Smach to its board of directors. According to Pinnacle CEO Gregg Kidd, the addition of Smach will be the catalyst to grow Pinnacle into a premier regional investment firm. "Tom brings credentials to Pinnacle that we need to fulfill our goal of becoming the region's preeminent financial services leader. His experience with growing companies into top tier global enterprises will be invaluable for everyone affiliated with Pinnacle."


Smach is a founding partner of Riverwood Capital, a private equity firm that specializes in buying and selling global technology companies and is headquartered in Menlo Park, California. Prior to founding Riverwood, Smach was Chief Financial Officer of Flextronics International (Nasdaq: FLEX), one of the world's largest multinational technology companies. He has overseen more than 100 company acquisitions for an aggregate purchase price of approximately $15 billion; the sale of dozens of companies for an aggregate sales price of over $5 billion and raised more than $15 billion through the public and private debt and equity markets. Smach stated, "Pinnacle has created a model that is well positioned to take advantage of the turmoil created by the big Wall Street firms over the last few years. I am excited to help Pinnacle build their brand and expand their presence in the marketplace."


Smach is a certified public accountant in the State of New York. In addition to serving on the board of various private companies around the world, Smach also serves on the board of two public companies. He is the Chairman of the Board of Crocs, Inc. (Nasdaq: CROC) and Vice Chairman of the Board of the German public company ADVA AG Optical Networking (XETRA: ADV.DE).


Pinnacle Holding Company, LLC, is a Syracuse, New York based financial services firm and parent company of Pinnacle Investments, Pinnacle Capital Management and Confidential Planning.


Since 1995, Pinnacle Investments has grown to become one of the largest independent brokerdealers in Central New York. The firm provides a full range of services including financial planning, wealth management, traditional securities brokerage and employee sponsored retirement plans.


Pinnacle Capital Management is a money management firm catering to Institutions, Pension Funds and High Net-Worth Individuals.


Confidential Planning provides 403(b) retirement solutions to schools and not-for-profit organizations.


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