Heritage Global Inc. (“Heritage Global,” “HGI” or “the Company”) announced key senior executive promotions in the Company’s Financial Assets and Industrial Assets divisions. More specifically, the Company is promoting David Ludwig, previously President of Heritage National Loan Exchange (NLEX), and Nick Dove, formerly Executive Vice President at Heritage Global Partners, to newly formed executive positions. Mr. Ludwig is assuming the role of President, Financial Assets Division, and Mr. Dove is being appointed President, Industrial Assets Division. Separately, effective January 1, 2021, Kirk Dove, Chief Operating Officer and President of Heritage Global, will be transitioning to a new role – Founding Partner and Senior Advisor. Following the transition, Ross Dove will assume the title of President in addition to serving as Chief Executive Officer of Heritage Global, with the executive management team also including Scott West, Chief Financial Officer, James Sklar, Executive Vice President, General Counsel and Secretary, Nick Dove and David Ludwig. Finally, Board member Morris Perlis has informed the Company that he will not seek reelection to the board when his term expires in 2021. The Board expects to add a new member at the next Annual Shareholder Meeting.
Heritage Global Inc. is an asset services company specializing in financial and industrial asset transactions. The Company provides a full suite of services, including market making, acquisitions, refurbishment, dispositions, valuations and secured lending. The Company segments include Industrial Assets Division and Financial Assets Division. Industrial Assets Division includes Auction and Liquidation, which operates a global full-service auction, appraisal and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment, and Refurbishment & Resale, which acquire, refurbish and supply specialized laboratory equipment. Financial Assets Division includes Brokerage, which charges-off receivables in the United States and Canada on behalf of lenders including banks, mortgage companies, and auto and alternative lending sources, and Specialty Lending, which provides specialty financing solutions to investors.
HERITAGE GLOBAL INC. 
