BERWYN, PA — Azarias Capital has announced significant enhancements to its team, including the addition of industry veteran Jocelyn Dalkin as Chief Operating Officer and Chief Financial Officer, as well as the promotion of Dan Petruzzi to Partner. These moves reflect the firm’s commitment to growth and its strategic focus on delivering value for investors.
Jocelyn Dalkin, a seasoned executive with 25 years of experience in accounting, finance, compliance, and operations, joins Azarias from Millrace Asset Group, where she served as CFO and Chief Compliance Officer. At Azarias, Dalkin will oversee the development of the firm’s operational and financial infrastructure to support continued scaling. “We are very excited to welcome Jocelyn to the Azarias leadership team,” said Daren Heitman, Managing Partner and Chief Investment Officer. “Her extensive expertise complements our existing talent, and we are confident she will help us further strengthen our capabilities.”
Expressing her enthusiasm, Dalkin said, “Over the last ten years, Daren has thoughtfully curated a team of smart professionals dedicated to driving results for investors. I am thrilled to join this team and to leverage my expertise to further institutionalize the firm.”
Azarias also announced the promotion of Dan Petruzzi to Partner. Petruzzi, who joined the firm in 2023 as Associate Portfolio Manager, has been instrumental in advancing Azarias’ investment research and idea generation processes. Previously, he spent 13 years as a Senior Analyst at Dupont Capital Management.
“Dan has proven to be an independent and insightful analyst who aligns with Azarias’ commitment to contrarian investing and client-first principles,” said Heitman. “He is the perfect cultural fit and will play a critical role as a Partner.”
Petruzzi, reflecting on his new role, said, “I am honored to step into this position and grow within an organization that prioritizes contrarian investing. Azarias has the culture, investment philosophy, and resources required to harness opportunities in the small-cap universe. I look forward to contributing to our ongoing success as a Partner.”
These developments follow a string of strategic hires, including the addition of Tim Percarpio as Managing Partner, Investor Relations, in April 2023. Heitman concluded, “I am proud of the team we have assembled over the last decade. Looking ahead, we will continue to scale strategically, adding professionals who share our conviction-based investment approach and commitment to delivering results for our clients.”
Azarias Capital’s latest appointments aim to further strengthen its position as a leading player in the small-cap investment space.
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