Name
Professional investors undertake the stewardship of their partners’ capital. Boards and management teams undertake the stewardship of industry and the interests of the shareholders and other corporate stakeholders. Engaged shareholders do both.
We named our firm after the mantle of responsibility that comes with these important stewardship roles.
MISSION
Mantle Ridge works closely with boards, management teams, and shareholders to help materially and durably enhance the value of the companies with which it engages. We believe that constructive engagement is the best means to achieving this objective.
Mantle Ridge’s approach is informed by extensive research and a depth of experience in value investing, activist engagements, corporate governance, and business operations, in a range of industry sectors.
FOUNDER
Paul Hilal is the Founder and CEO of Mantle Ridge LP. Over the past two decades, he has built a strong record as an engaged or activist investor, and as a passive value investor.
Mr. Hilal has since 2022 served as Vice Chairman of Dollar Tree, Inc. (NasdaqGS:DLTR), a discount variety retail store. He joined in connection with a board and executive leadership restructuring in 2022.
Mr. Hilal has since 2019 served as Vice Chairman of Aramark (NYSE:ARMK), a global food, facilities, and uniform services provider. He joined in connection with a board and executive leadership restructuring in 2019.
Mr. Hilal has since 2017 served as Vice Chairman of CSX Corporation (NasdaqGS:CSX), a provider of rail-based transportation services. He joined in connection with a board and executive leadership restructuring in 2017.
Prior to forming Mantle Ridge, Mr. Hilal was a Senior Partner at Pershing Square Capital Management, where he focused on both passive and activist investing projects. Among these was the successful value creation initiatives at Canadian Pacific Railway Limited (TSX:CP) and Air Products and Chemicals (NYSE:APD).
Mr. Hilal served for four years on the board of a CP as the Chair of the Management Resources and Compensation Committee, retiring January of 2016, when he retired from his decade of value and engaged investing at Pershing Square Capital Management.
Prior to joining Pershing Square in 2006, Mr. Hilal:
Founded and served as Managing Partner of Caliber Capital Management, L.P., an information technology-sector-focused investment fund, from 2002 to 2005;
Led the Information technology-sector investment program at Hilal Capital Management from 1998 to 2001;
Served in 1999-2000 as Chair of the Board and in the capacity of Interim Chief Executive Officer of Worldtalk Communications Corporation, a publicly traded software company that Mr. Hilal led through a restructuring and successful sale; and
Prior to 1999, advised numerous companies across the information technology sector as an investment banker at Broadview Associates, at the time the leading mergers and acquisitions advisory firm to the sector. (Broadview is now a subsidiary of Jefferies Inc.)
Mr. Hilal serves on the Board of Overseers of Columbia Business School and served until 2016 on the Board of the Grameen Foundation – an umbrella organization that helps microlending and microfranchise institutions empower the world’s poorest through financial inclusion and entrepreneurship.
He is also a Trustee of the Supreme Court Historical Society, a non-profit organization dedicated to the collection and preservation of the history of the Supreme Court of the United States.
Mr. Hilal received an A.B. degree in Biochemistry from Harvard College in 1988, a J.D. from Columbia University School of Law in 1992, and an M.B.A. from Columbia University School of Business in 1992.