Eduardo Mestre is a Senior Managing Director and Chairman of Global Advisory at Evercore. Eduardo was responsible for the day to day management of the firm’s U.S. advisory practice from 2004-2012, and prior to joining Evercore in November 2004, was Vice Chairman of Citigroup Global Markets, Inc. and Chairman of its Investment Banking Division. Eduardo was head of investment banking at Citigroup and its predecessor firms from 1995-2001 and co-head of Salomon Brothers’ mergers and acquisitions department from 1989-1995.
Since joining Evercore, Eduardo has represented, among others, DuPont in its proposed merger with Dow Chemical, its spin-off of Performance Chemicals and its proxy fight with Trian Fund Management; Estee Lauder in its acquisition of Too Faced; United Airlines in its defense against activist investors; PIMCO in its joint venture with Solar Capital; EMC in its sale to Dell; MGM Resorts International in its threatened proxy contest with L&B, the IPO of its REIT subsidiary and its financial restructuring; Ally Financial in its restructuring of its mortgage business and the sale of its international operations to Royal Bank of Canada and GM Financial; Clearwire in its sale to Sprint; International Paper in its acquisitions of Weyerhauser’s pulp business and of Temple Inland and the subsequent sale of certain assets; McGraw-Hill in the sale of its education division to Apollo; Lubrizol in its sale to Berkshire Hathaway; Century Link in its acquisition of Qwest; Frontier in its acquisition of Verizon’s rural access lines; ACS in its sale to Xerox; SBC in its acquisition of AT&T; AT&T in its acquisition of BellSouth; CSX in its proxy contest with activist investors; Cendant in its reorganization and in the sale of its Travelport subsidiary to Blackstone; Realogy in its sale to Apollo; Sequa in its sale to Carlyle; Performance Food Group in its sale to Blackstone and Wellspring; and GM in its sale of GMAC to Cerberus.
Eduardo currently serves on the board of directors of the Avis Budget Group, Inc. and is a past member of the board of Comcast Corporation. He also serves as a member of the boards of the International Rescue Committee and the Cuba Study Group. He is past Chairman of the Board of Cold Spring Harbor Laboratory, one of the nation’s leading cancer, genetics and neuroscience research and educational institutions, and past Chairman of WNYC, New York’s public radio stations. He is also a past trustee of The Taft School.
Prior to joining Salomon Brothers in 1977, Eduardo was an associate with the law firm of Cleary, Gottlieb, Steen & Hamilton. Eduardo graduated summa cum laude and Phi Beta Kappa from Yale University in 1970 with a B.A. degree in Economics and Political Science and is a 1973 cum laude graduate of Harvard Law School. Eduardo was born in Havana, Cuba in 1949. Areas of interest: mergers & acquisitions, corporate restructurings, shareholder activism and corporate governance, corporate finance, negotiation, strategic alliances.