Monica Demitor, BScN, MBA, PhD – Chair of the Board
Monica graduated from The University of Victoria with a Bachelor of Science in Nursing, an MBA in Business Management from Regis University, and a Doctorate in Organizational Leadership from Capella University. With a wealth of knowledge and experience in healthcare, Monica began working in private equity in 2008 – serving in the capacity of CEO, COO, Advisor or Consultant. She has been involved in 31 acquisitions with a combined value of approximately $550MM.
She served as Vice President at DaVita, Inc. (NYSE: DVA), where she was a part of 8 acquisitions and played a major role in the integration process. In 2008, Monica served as Chief Operating Officer (COO) at American Access Care, where she managed over 500 employees, full P&L responsibilities, $300MM budget, and a successful company exit of $400MM. She served as Chief Executive Officer (CEO) at RiverMend Health, where her leadership grew the start-up revenues from $0 to $50MM – completing 5 acquisitions ranging in value from $1MM to $25MM. Monica served as Chief Operating Officer (COO) at Schweiger Dermatology Group where she focused on operations, business development, and integration. At Schweiger, she was a part of 18 acquisitions and built infrastructure that produced revenue growth from $25MM to $75MM in 18 months.
Monica currently serves as an independent advisor and consultant at MMD Consulting, Inc., assisting with start-up launches like Sprout Therapy, Modern Clinics, Inc., and Five and Thrive. She also provided CEO leadership for the launch of products in the United States for Libertas Tobacco Treatment, Inc.
Monica is a highly experienced, accomplished, results-driven senior management executive with a rare combination of long-view strategist coupled with a short-view tactician who has spearheaded company growth with her leadership in restoring or developing a culture for success.
Jack Litmer, BA, JD – Board Member
Jack graduated from The University of Cincinnati with a Bachelor of Arts with Honors in Political Science and the Case Western Reserve University School of Law with a Juris Doctorate. Jack had a prestigious and successful career at The British Petroleum Company plc (NYSE: BP), spanning from 1987 to 2006. During his time at BP, Jack was responsible for the legal function which included transactional, regulatory, compliance, acquisitions, divestments, joint ventures (JVs), and litigation matters involving the company and its subsidiaries.
From 1992 to 1996, he served as Chief Counsel for BP’s pipeline operations and interests in the United States. He negotiated and drafted ownership and operating agreements for U.S. based pipelines, with a collective value of $300MM. Mr. Litmer also managed regional (Middle Eastern) due diligence for BP’s acquisitions of Amoco, Arco, and Castro. These acquisitions collectively had a transaction value of the Middle Eastern Assets worth $500MM. In 2005, he served as Senior Counsel for BP’s Merger & Acquisition (M&A) legal team in Houston, Texas. During this time, Jack advised, negotiated, and drafted share sale and asset sale agreements for the purchase of wind projects, pipeline ventures, and a solar silicon manufacturing company where the collective value exceeded $100MM.
In 2006, Jack transitioned to Apache Oil Corporation where he served as Assistant General Counsel & Country Legal Manager in Cairo, Egypt. He handled major acquisitions in Egypt from 2006 to May 2021, which included a purchase of BP’s land-based production properties and several structured “farm-ins” for other exploration and production properties. At the time of the acquisitions for BP’s on land oil and gas assets in Egypt, the assets were valued at $500MM at the time of the sale. Within one year of the transaction, the assets were valued at close to $1Billion-Dollars. Mr. Litmer also handled the sale of 1/3rd of Apache’s interest in Egypt to Sinopec (NYSE: SNP) – a $3.3Billion-Dollar transaction value.
During his time at Apache, Jack managed the integration of BP’s assets and organizations into Apache’s organization, managed the legal aspects of the Apache-Siopec joint venture in Egypt, managed legal affairs for several block bids with National Oil Company and the government of Egypt, and advised Apache management on the restructuring of the concession agreements and joint ventures. Collectively, Jack has been involved in approximately $5Billion-Dollars worth of transactions. Jack offers over 40 years of experience and expertise to Cahawba Capital Partners Board of Directors and leadership team as a retired corporate lawyer.
Michael Ricozzi, BS, MBA, CPA – Board Member
Michael graduated as Magna Cum Laude from The University of Florida with a Bachelor of Science in Accounting and an MBA in International Business and Management from Florida International University. He is also a Certified Public Accountant in the State of Florida – beginning his career at Deloitte Touche, LLP and serving as a Senior Auditor. He was later recruited by the CFO of Aurafin Corporation to play a key role in mergers and acquisitions (M&A), to establish accounting and financial reporting disciplines, and to implement internal controls. Mr. Ricozzi served as Assistant Controller, Controller, and Director of Finance during his time at Aurafin Corporation and was heavily involved in the due diligence of 2 acquisitions – totaling a value of $15MM. Michael played a key role as Director of Finance in the successful exit to a private equity group for $120MM in 1999.
Later that year, Michael served as Vice President of Finance and Regional Chief Financial Officer at Omnicare, Inc. (NYSE: OCR), a Fortune 500 Company that was acquired by CVS Health in 2015. During his tenure at Omnicare, he played a key role in the acquisitions of American Pharmaceutical Services, Inc. and NCS HealthCare, Inc. – executing due diligence and the integration of these two companies.
In 2003, Michael served as CFO at Hollander Home Fashions Corporation (“Hollander”). At Hollander he was instrumental in the growth of the company’s top-line from $150MM to $300MM, bringing higher visibility to the financials in sales and EBITDA levels, and positioning the company for a favorable liquidation event. Michael was CFO for the successful exit of the owners in 2009 where he was involved with the creation of CIM, management package, interviewing private equity firms, and deal negotiation to closing the deal.
Michael has also served in the capacity of Vice President of Finance for Hospital Physician Partners, a medical management company and CDS International Holdings, Inc., an international private equity firm. In the more recent years, Michael has served as CFO & Board Member at Palm Healthcare Company, Inc. and he is currently the CFO at Tarantin Industries, Inc., a privately held wholesale distributor of propane related products. Michael is a well-rounded senior financial executive with more than 40 years of progressive P&L, financial management, strategic planning, operations, risk management, and transactional experience – adding immense value to Cahawba Capital Partners Board of Directors and leadership team.
