Advent International appoints Susan Gentile to Chief Financial Officer
Eileen Sivolella to remain at firm as strategic advisor to support transition
BOSTON, September 6, 2022 – Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of Susan Gentile as Chief Financial Officer and Managing Director, effective October 1st. Ms. Gentile will succeed Eileen Sivolella, who has served in the role since 2009 and will assume the role of strategic advisor on an interim basis to provide continuity and ensure a seamless transition.
Ms. Gentile brings nearly two decades of experience across financial services. She most recently served as Chief Financial & Administrative Officer at H.I.G. Capital, where she was responsible for leading the strategic direction of the global private investment firm since 2018, including managing its development and growing assets.
“Susan is a talented leader who combines financial, strategic and operational expertise with hands-on experience growing innovative businesses. Her impressive set of leadership skills will be invaluable as we seek to continue accelerating Advent’s growth and capabilities,” said John Maldonado, Managing Partner. “We are thrilled for Susan to join the firm and are confident that the impact of her commitment and guidance will extend beyond Advent, creating sustainable value for our management teams and portfolio at large.”
Prior to joining H.I.G. Capital, Ms. Gentile spent almost five years at Oaktree Capital Management, where she served as Chief Accounting Officer and Managing Director, overseeing more than $100 billion in assets and 200 professionals across offices globally. Before joining Oaktree in 2013, Ms. Gentile held senior-level accounting roles at The Clorox Company and Levi Strauss. She began her career in the audit and assurance practice of Deloitte.
“I’m very excited to be joining Advent’s outstanding management team and to be returning to Boston,” said Ms. Gentile. “Advent has long employed a strategy of investing that capitalizes on its strengths: global reach, strong operational resources and the deep expertise and entrepreneurial approach of the firm’s professionals. I look forward to supporting the continued leadership of the firm and its various partnerships and engagements.”
Ms. Gentile serves as the Audit Committee Chair for the Honest Company. She holds a Bachelor of Science and Bachelor of Arts degree in Finance from Boston University and is a Certified Public Accountant (CPA).
“As we welcome Susan, we also to want to recognize the instrumental role Eileen has played over the last 13 years. Her contributions have been integral to the success, growth and evolution of the firm,” added Maldonado. “We are incredibly grateful for Eileen’s outstanding leadership and for her willingness to serve in an advisory position, and we wish Eileen and her family the very best in this exciting next chapter.”
ABOUT ADVENT INTERNATIONAL
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 395 private equity investments across 41 countries, and as of March 31, 2022, had $75.9 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of 270 private equity investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. For over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.