Axar Capital, as a member of the Ad Hoc Group of Term Lenders to Leslie’s, is proud to share that the group intends to appoint Steven L. Ortega as Leslie’s Chief Executive Officer upon the company’s emergence from Chapter 11 proceedings.
Steve spent nearly two decades at Leslie’s in senior leadership roles, including CFO, COO, President, CEO, and Chairman of the Board. During the Chapter 11 proceedings, he will work closely with the Ad Hoc Group in an advisory capacity and serve on a transformation committee to advise on strategy and turnaround priorities.
The Ad Hoc Group believes Steve is “the right leader for Leslie’s next chapter.”
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