Hanna has also resigned from PSMís board. He will continue to work as a strategic advisor to the company, specifically as it comes to identifying and implementing certain growth initiatives, a PSM press release said.
Michael Margolies, CEO of Littlebanc Advisors, added, ďUndoubtedly PSM would not be where it is today without Ronís vision. Ron is largely responsible for the public company, the current operating units and the cohesion and capital structure that exist today. He is a consummate operator and financier and we look forward to a continued relationship as a key strategic adviser to both the field and the board of directors.Ē
An affiliate of Littlebanc invested $3.7 million into PSM during February, and the merchant banker has two seats on its board.
Gadawski until now had been PSMís chief operating officer and chief financial officer.