The Milwaukee Bucks organization is proud to announce the expansion of the local ownership team to include several more of Wisconsin’s most prominent leaders. The new additions of local entrepreneurs and philanthropic leaders include Jeffrey Joerres, ManpowerGroup’s Executive Chairman, HUSCO International’s Founder Agustin Ramirez and current CEO Austin Ramirez, as well as Marc and Adam Stern, minority owners of the Milwaukee Brewers.
“We’re thrilled to join Marc, Wes, and Jamie and this terrific group of local owners to help build a championship-caliber NBA franchise in Milwaukee. The organization has such a positive impact on the community and will play a major role in the transformative effort underway for our city and state,” said Jeffrey Joerres. “Partnering with these respected community members to help foster economic growth for our region was something that we simply couldn’t pass up.”
“We’re extremely excited to be a part of the Bucks team and this collective effort to better our community,” said Agustin Ramirez, HUSCO International founder. “In addition to being a job creator and an exciting team to root for, the Bucks will become an economic catalyst for our entire region and a cultural asset that brings our entire community together.”
The new prominent Milwaukee-area community leaders join a robust local ownership group heavily involved in major civic initiatives in Milwaukee, the state of Wisconsin and nationally. All of the new owners’ bids have been approved by the NBA.
“We couldn’t think of a better way to begin the year than by adding such remarkable local leaders to our effort to help transform the community,” said Bucks owner Wes Edens. “We’re incredibly proud of the diverse, talented and distinguished team that has come together and look forward to working closely with everyone to build something very special in Milwaukee.”
New Owner Biographies
Jeffrey A. Joerres assumed the role of ManpowerGroup Executive Chairman on May 1, 2014 after 15 years as CEO. Having joined the organization in 1993, Joerres served as Vice President of Marketing and Senior Vice President of European Operations and Global Account Management. In 1999, he was named CEO, and in 2001, Chairman of the Board. Joerres led a transformation of ManpowerGroup’s business strategy, adding new business lines that have expanded the company’s ability to help clients and candidates win in the changing world of work. Under Joerres’ tenure, ManpowerGroup experienced rapid growth, expanding the footprint of the organization to 3,100 offices across 80 countries and territories. ManpowerGroup has climbed the ranks of the Fortune 500 American companies list, moving from 183 to 144 in 2014. ManpowerGroup was also named to the Ethisphere Institute’s list of the World’s Most Ethical Companies, the only company in the industry to be recognized for four consecutive years. In addition to the ManpowerGroup board, Joerres is the Chair of the Federal Reserve Bank of Chicago board of directors, serves on the boards of Johnson Controls, the US Council for International Business (USCIB), and the Committee for Economic Development (CED), and is chair of the Future Workforce Committee of the Greater Milwaukee Committee. Joerres has a bachelor's degree from Marquette University’s College of Business Administration.
Agustin A. Ramirez was Chairman and CEO of HUSCO International from December, 1985, until July, 2011, and has served as Executive Chairman since. HUSCO, a Waukesha, Wisc.-based private company, has become a global leader in providing hydraulic and electro hydraulic controls to major off-highway and automotive equipment manufacturers. Ramirez and his wife, Rebecca, have a strong philanthropic presence in Southeastern Wisconsin, having given generously to support many educational programs and scholarships for local students. The couple has also provided major support to La Casa de Esperanza, the Milwaukee Rescue Mission, the Sharon Lynn Wilson Center for the Arts, the Waukesha YMCA, and Missionary Ventures International. A native of Puerto Rico, Ramirez obtained BS (1968) and MS (1969) degrees in Aerospace Engineering from the Georgia Institute of Technology and an MBA from Harvard University (1974). Ramirez serves, or has served, on the following boards of directors: American Transmission Company, Waukesha YMCA, the Waukesha United Way, the United Community Center, the National Fluid Power Association, the Greater Milwaukee Committee, Carmen School of Science and Technology, the President’s Advisory Board at the Georgia Institute of Technology, the Greater Milwaukee Foundation, the Medical College of Wisconsin, Schools That Can Milwaukee and the Milwaukee School of Engineering Board of Regents.
Austin Ramirez is the President and Chief Executive of HUSCO International, a global engineering and manufacturing company that provides hydraulic components for automotive and off-highway applications. Since assuming the role of CEO in 2011, he has championed HUSCO’s expansion into advanced fuel-saving technologies resulting in a doubling of global sales. Ramirez sits on a number of education-focused boards, including Teach for America, the Boys and Girls Clubs, the YMCA and the United Performing Arts Fund. He is also director of the Greater Milwaukee Committee, Metropolitan Milwaukee Chamber of Commerce and YPO. After graduating from Virginia with a degree in Systems Engineering, Ramirez worked in the San Francisco office of McKinsey & Company. He attended the Stanford Graduate School of Business as a Goldman Sachs Fellow and graduated as an Arjay Miller Scholar. Ramirez was an All-American swimmer at the University of Virginia, as well as a USA Swimming National Champion and FINA World Championships gold medalist. In addition to his work in Milwaukee, Ramirez is a Director of the National Association of Manufacturers, the Association of Equipment Manufacturers and was named a Young Global Leader by the World Economic Forum in 2014.
Marc Stern is chairman of The TCW Group, Inc., a Los Angeles–based asset management firm. Prior to being named chairman in 2013, Stern served as TCW’s CEO from 2009 to 2012, as vice chairman from 2005 to 2013, and as president from 1990 to 2005. From 2007 to 2013, he was a member of the management committee of the Société Générale Group and chairman of the Société Générale Global Investment Management and Services (GIMS) North America unit. TCW was acquired by Société Générale in 2001. Société Générale sold its interest in TCW in 2013 to the Carlyle Group and TCW management. Stern currently serves as a director of Qualcomm, Incorporated and is a minority owner of the Milwaukee Brewers baseball club and a member of its advisory board. Among his philanthropic activities, he is chairman of the Los Angeles Opera and of the Mayor's Fund of Los Angeles, and serves on the boards of PBS SoCal, the Performing Arts Center of Los Angeles County and the California Institute of Technology. Prior to joining TCW in 1990, Stern was president and a director of SunAmerica. He is a former managing director and chief administrative officer of the Henley Group, a position he held from the time the company was formed by Allied-Signal in early 1986. From 1974 to 1986 he was an officer of various predecessor companies to Allied-Signal. He was associated with the law firm of Debevoise & Plimpton from 1970 to 1974. Stern received a BA from Dickinson College, an M.A. from the Columbia University Graduate School of Public Law and Government and in 1969, he graduated magna cum laude from the Columbia University School of Law.
Adam Stern is Managing Director and Head of Business Development at Aristeia Capital, an asset management firm based in New York. Stern began his career in 1993 working on the convertible bond securities operations at Union Bank of Switzerland and then later became Head of U.S. Convertible Bond Sales at Deutsche Bank. In 2001, Stern co-founded AM Investment Partners, a hedge fund based in New York. In 2011, Adam moved to Los Angeles to join Crescent Capital Group as a managing director. There he worked with Crescent’s Co-Founder Mark Attanasio, the Principal Owner of the Milwaukee Brewers, of which Stern is a minority owner. Stern attended Trinity College in Hartford, Conn. where he graduated with a Bachelor of Arts in economics.