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Paul Hilal is an American businessman and investor. He is the CEO of Mantle Ridge LP, which he founded in 2016.
Hilal started his career in 1992 as an investment banker at Broadview Associates. Hilal then moved to the Galleon Group. Hilal then moved on to Hilal Capital Management in 1998 and left for Caliber Capital Management in 2002.
Hilal joined Pershing Square Capital Management in 2006, where he worked for a decade. During his time at Pershing Square, he worked on the firm’s activist investments in Ceridian, Air Products & Chemicals and
Education
Hilal graduated fromHarvard College
Harvard College is the undergraduate college of Harvard University, an Ivy League research university in Cambridge, Massachusetts. Founded in 1636, Harvard College is the original school of Harvard University, the oldest institution of higher lea ...
in 1988 with a degree in Biochemistry. In 1992 he received his J.D. from Columbia University School of Law and an M.B.A. from Columbia University School of Business.
Career
Hilal started his career in 1992 as an investment banker at Broadview Associates. Hilal then moved to the Galleon Group. Hilal then moved on to Hilal Capital Management in 1998 and left for Caliber Capital Management in 2002.
Hilal joined Pershing Square Capital Management in 2006, where he worked for a decade. During his time at Pershing Square, he worked on the firm’s activist investments in Ceridian, Air Products & Chemicals and Canadian Pacific Railway
The Canadian Pacific Railway (french: Chemin de fer Canadien Pacifique) , also known simply as CPR or Canadian Pacific and formerly as CP Rail (1968–1996), is a Canadian Class I railway incorporated in 1881. The railway is owned by Canadi ...
.
While at Pershing, he served on Ceridian's board until the sale of the company to private equity firm Thomas H. Lee Partners in 2007. Hilal also persuaded E. Hunter Harrison
Ewing Hunter Harrison (November 7, 1944 – December 16, 2017) was a railway executive who served as the CEO of Illinois Central Railroad (IC), Canadian National Railway (CN), Canadian Pacific Railway (CP), and CSX Corporation. He died on Decemb ...
to come out of retirement to become CEO of the Canadian Pacific Railway. Hilal served as a Director of Canadian Pacific until his retirement from Pershing Square in January 2016.
In 2016, Hilal started Mantle Ridge, a New York-based investment fund with a current AUM of more than $2 billion.
In January 2017, Paul Hilal led an effort to install former Canadian Pacific CEO E. Hunter Harrison as CEO of CSX Transportation
CSX Transportation , known colloquially as simply CSX, is a Class I freight railroad operating in the Eastern United States and the Canadian provinces of Ontario and Quebec. The railroad operates approximately 21,000 route miles () of track. ...
after buying Harrison out of his contract with Canadian Pacific for nearly Cdn$100 million. In March 2017, CSX announced that Hunter Harrison was appointed CEO of CSX, that Paul Hilal would become Vice Chairman of the Board, and that three independent directors would also join the Board of CSX. On December 16, 2017, Harrison died.
Hilal’s second campaign at Mantle Ridge focused on food services provider Aramark in 2019. Under the terms of a settlement, the campaign resulted in the installation of a new CEO, appointment of Hilal as Vice Chairman, and replacement of six independent directors on Aramark’s Board.
References
{{DEFAULTSORT:Hilal, Paul American hedge fund managers Canadian Pacific Railway people Harvard University alumni Columbia Business School alumni Year of birth missing (living people) Living people Columbia Law School alumni American chief executives