Arthur H. Hertz
Biography: Arthur H. Hertz is Chairman, CEO and a controlling shareholder of Wometco Enterprises, Inc., a private company that owns Marine Exhibition Corporation, the owner/operator of the Miami Seaquarium and Wometco de Puerto Rico, Inc., the franchisee for Baskin-Robbins and Dunkin Donuts for Puerto Rico.
Today it owns and operates 34 Baskin-Robbins Stores
, 14 Baskin Robbins/Dunkin Donuts combo stores and 2 Dunkin Donuts stores.
Mr. Hertz joined the former Wometco Enterprises, Inc. in 1956 as an accountant, was appointed to controller in 1960, elected Vice President in 1964, promoted to Senior Vice President then elected to Director in 1971.
He was elected Executive Vice President and Treasurer in 1981 and COO in 1983.
When Wometco Enterprises, Inc. was purchased in April 1984 by a group of private investors headed by Kohlberg Kravis Roberts & Co., he was elected Executive Vice President, COO, and a Director of WEI Enterprises Corporation, one of the successor companies.
In addition, he was elected Executive Vice President and a Director of Wometco Broadcasting Company, Inc., the other successor company.
career with Wometco Enterprises, Inc.
Mr. Hertz also served as Treasurer and a member of the Board of Directors of Wometco Cable TV, Inc., a subsidiary, which began operations in 1973 and went public in 1981.
It was purchased as part of the KKR buyout in 1984, and Mr. Hertz continued to oversee the financial operations of the cable company.
Wometco Cable TV, Inc.
, was the 22nd-largest multiple-system cable operator in the nation, with over 300,000 subscribers.
In June 1985, Mr. Hertz and another WEI officer, Michael S. Brown, led a management buyout of WEI Enterprises' entertainment and vending operations and named the new company WOM Enterprises, Inc. (now Wometco Enterprises, Inc.). At that time the company operated two movie theater chains with 83 screens in South and Central Florida and 27 screens in Puerto Rico; Wometco vending companies, a $100 million contract food service and vending operation in Florida, North and South Carolina; the Miami Seaquarium; and a group of Baskin-Robbins ice cream parlors in Puerto Rico.
Mr. Hertz graduated cum laude with a BA degree from the University of Miami in 1955.
He is a member of Phi Kappa Phi and Phi Eta Sigma, both scholastic honor fraternities; Omicron Delta Kappa, national honorary leadership fraternity; and Iron Arrow, the highest honor that can be bestowed on a University of Miami graduate.
He is a certified public accountant in the State of Florida.
Mr. Hertz is also an active real estate investor.
He is Chairman of the Board of Theater Realty, Inc. (landlord for two commercial properties in South Florida), and Sawgrass Investment Corp. (a retail shopping center in West Broward County, Florida).
serves on numerous community professional organizations and foundations:
has previously served on the following organizations: