Park Lawn Corporation announced the appointment of two new directors to its Board of Directors (Board) John A. Nies and Elijio V. Serrano to replace Paul G. Smith and Amy Freedman, who have tendered their resignations. In addition, Deborah Robinson has been named Chair of the Board. Mr. Nies is a Managing Partner of JMH Capital, a private equity firm based in Boston.
He has been investing in private equity since 2000 and has spent his entire career helping companies grow and become more profitable in a variety of operating and advisory capacities. Prior to JMH, Mr. Nies was a Managing Director-Operations at Parthenon Capital where he was responsible for deal evaluation, due diligence, and the successful development of portfolio companies. Following its initial public offering, Mr. Nies was a director of Kenexa, a company listed on the New York Stock Exchange, where he served as its Lead Independent Director, as well as a member of its audit and governance committees, prior to its acquisition by IBM in 2012.
Before joining Parthenon Capital, Mr. Nies was a founding member and Managing Director of The Parthenon Group, a management consulting firm founded in 1991, where he advised CEOs of Fortune 500 companies as well as smaller companies in over 30 industries. Between 1991 and 2000, Mr. Nies contributed to Parthenon's successful growth from 5 to 100 professionals, with offices in Boston, London, and San Francisco. While in consulting, Mr. Nies' area of expertise was competitive strategy development, including performance assessment, M&A, operations improvement, and acquisition integration.
During the course of his career in private equity, Mr. Nies has served in a variety of operating capacities in portfolio companies; most recently, he served as the transitional CEO and Executive Chairman of Service Radio Rentals for 18 months prior to placement of JMH's permanent operating executive. Mr. Nies started his career at Bain &Co. in Boston.
Mr. Nies earned a Bachelor of Arts from Dartmouth College, summa cum laude, and a Masters of Business Administration, with distinction, from Harvard Business School. He currently serves on the Board of Directors of multiple JMH portfolio companies. Elijio V. Serrano has served as the Senior Vice President and Chief Financial Officer of TETRA Technologies Inc., a company listed on the New York Stock Exchange, since August 2012.
He also served as Chief Financial Officer and as a director of CSI Compressco LP, a Nasdaq listed company, from 2017 to 2021. Mr. Serrano served as chief financial officer of UniversalPegasus International, a global project management, engineering and construction management company, from October 2009 through July 2012. Prior to his time with UniversalPegasus, he held numerous leadership positions at Paradigm BV, EGL, and Schlumberger.
Mr. Serrano also served as director, chairman of the audit committee, and as a member of the corporate governance and nominating committee of Tesco Corporation, a Nasdaq-listed company, until its acquisition by Nabors in December 2017. Mr. Serrano received his B.B.A. degree in Accounting and Finance from the University of Texas at El Paso. Mr. Serrano was a certified public accountant in the State of Texas from 1986 until March 2002.