Levine Leichtman names successor COO

California-based Levine Leichtman Capital Partners (LLCP) will promote managing director David Wolmer to general counsel and COO at the end of this month.

The promotion follows the retirement of Steve Hartman who is leaving the firm for “personal reasons” according to a statement. Hartman will remain on the board of directors of certain portfolio companies and as a strategic advisor after he retires from the general counsel and COO roles.

Wolmer first joined LLCP seven years ago from Milbank, Tweed, Hadley & McCloy. During his tenure at LLCP he has been involved in exits from Luminator Technology Group, Poma Holding Company and Dexter Magnetic Technologies. 

Meanwhile, Connecticut-based Ironwood Capital promoted Zachary Luce from controller to chief financial officer. In the new role, he is responsible for financial management and controls, external financial and regulatory reporting and limited partner reporting.

Prior to joining Ironwood in 2010, Luce worked for seven years as an auditor at McGladrey, with a focus on financial institutions, not-for-profit organizations, manufacturers and employee benefit plans.