Harold Katz Chairman of the Board
Harold Katz is one of the most identifiable figures in the Philadelphia, PA area.
Harold Katz began his career in 1972 when he invested $20,000 to develop and open the first Nutri/System Center in Willow Grove, a suburb of Philadelphia, and a second shortly thereafter. When those two ventures proved successful, he made his move into franchising.
In 1977, sales tripled when Mr. Katz developed a line of nutritionally-sound, pre-packaged, pre-measured diet foods to be sold exclusively to Nutri/System center clients. In January 1980, Mr. Katz brought the company public, and listed it on the New York Stock Exchange. Mr. Katz sold Nutri/System in 1986. At the time it was the largest medically-supervised weight control company in the world, with over 700 company owned and franchised centers nationwide.
To fulfill his lifelong ambition, Mr. Katz purchased the Philadelphia 76ers basketball organization in July of 1982. The Sixers worked relentlessly under Mr. Katz to obtain something that had eluded them since 1967: the NBA World Championship. Mr. Katz has been instrumental in the growth of basketball worldwide. He continued to operate the club as a successful business until April 1996, when the team was sold to Comcast Corporation.
Mr. Katz has also been active in the real estate, banking and nursing home businesses for the last 30 years.
Active in community affairs, Mr. Katz has served on the Board of Directors of numerous organizations including United Valley Bank and various philanthropic organizations such as the Hero Scholarship Fund of Philadelphia and the Police Athletic League (PAL). He has also served as Annual Chairman for various fund raising drives, including the Fellowship Commission of Philadelphia and Children's Hospital of Philadelphia.
Brian J. Siegel Managing Director
Prior to joining H. Katz Capital Group Mr. Siegel was a partner in the Philadelphia law firm of Duane, Morris & Heckscher, where he practiced in the area of business planning and transaction structuring. His practice included counseling a diverse client base consisting of businesses of every size and at every stage of growth with respect to mergers, acquisitions, divestitures, financings and other significant business activities. He also spent substantial time planning and reviewing the tax implications of transactions.
Mr. Siegel has also been a lecturer in accounting at the University of Pennsylvania's Wharton School of Finance and Commerce, worked as as Attorney-Advisor to the Honorable Arnold Raum of the United States Tax Court, and prior to attending law school, worked for a short time for the national accounting firm of Coopers and Lybrand in its Philadelphia tax department.
Mr. Siegel is a 1985 graduate of Georgetown University Law Center (L.L.M., Taxation) a 1983 graduate of the University of Pennsylvania Law School (J.D.) and a 1979 graduate of La Salle University (B.S. Accounting and Finance)
David A. Katz Executive Vice President & Secretary
Mr. Katz was co-owner and founder of Camp Big Pocono, D&S Camps and the Sixer's Camp. He was responsible for the expansion and success of the camp entities, increasing attendance and day camp sites each year since acquiring ownership.
Additionally. Mr. Katz is the owner/developer of a luxury custom built sub-division in the suburbs of Philadelphia. His previous endeavors include Owner and President of Innovative Staffing Services, Inc., a nurse staffing operation, vending business, gaming industry and land development. Mr. Katz was an analyst in the finance department at Nutri System as well as Executive Investment Advisors. Mr. Katz was Vice President of the Philadelphia 76ers Basketball Club in charge of all aspects of business as well as the Director of Marketing.