Leucadia National Corporation (NYSE: LUK) has appointed John M. Dalton as its newest Controller and Chief Accounting Officer, according to a Leucadia statement.
Leucadia recently made headlines earlier this month when it wrote down FXCM’s (NYSE:FXCM) bailout package by $100 million. Overall, Leucadia’s $300 million rescue loan and associated rights for FXCM are now valued at $759 million, according to a New York-based parent of Jefferies Group in a regulatory filing – FXCM itself had valued the investment at $947 million as of March 31.
In his new role as Leucadia’s Controller and Chief Accounting Officer, Mr. Dalton will be replacing Barbara Lowenthal. He is slated to assume his new role with effect on September 15, 2015.
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Mr. Dalton joins Leucadia from TEGNA Inc./Gannett Co., Inc, having served as its Assistant Controller and Director, Consolidations and Financial Reporting. Mr. Dalton’s career has focused on a series of accounting and audit positions, dating back to 2004.
According to Teresa Gendron, Chief Financial Officer of Leucadia, in a recent statement on the appointment, “I have worked with John at TEGNA/Gannett and am very pleased he will be joining us. We will benefit from his knowledge and experience, and we look forward to working with John as our newest partner.”
Leucadia National Corporation is a diversified holding company involved in a number of global businesses, investment banks, and capital markets. The group also owns equity interests in several businesses interests, perhaps most widely known in the FX industry for its FXCM bailout earlier this year.