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Interim Management Services

Operating in today’s complex and ever-evolving business environment can present challenges for even the most experienced executive teams. Ankura’s seasoned experts draw upon our vast and varied experiences to make the necessary decisions in stressful situations. This enables us to contain the crisis, stabilize conditions, review operations, and establish an action plan that puts resolutions within reach.

A void in the executive ranks or a lack of experience in distressed situations can result in a lack of stability and direction for many companies. Our interim management/CRO services provides seasoned professionals who have the hands-on experience and skill set to assume executive roles for distressed companies and companies in transition. By assuming key roles within the organization, our professionals aim to stabilize, rehabilitate, and restructure the business during a time of uncertainty.

Our services include:

  • CEO, CRO, CFO, COO, and other management positions
  • Manage communications with lenders, board, employees, investors, and creditor constituencies
  • Cash management and liquidity enhancement
  • Financial modeling and forecasting
  • Operational improvement
  • Strategic business plan development
  • Customer and vendor management
  • Negotiation and dispute resolution
  • Debt and capital restructuring
  • Non-core asset disposition
  • Contingency planning
  • Bankruptcy planning and administration
  • Post transaction business stabilization
RichardAltman

Richard Altman

Managing Director

Ankura Consulting Group

800 Lanidex Plaza, Suite 210, Parsippany, NJ 07054
richard.altman@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.973.879.1168

Education

MBA, Adelphi University
BS, Accounting, State University of New York at Albany

Certifications

Certified Public Accountant

Affiliations

American Institute of Certified Public Accountants
New Jersey State Society of Certified Public Accountants

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Richard Altman is a Managing Director at Ankura Consulting Group and is based in Parsippany, NJ. Mr. Altman has been working with financially distressed companies for 15 years and has over 30 years of experience in financial services and IT software development, including serving in a variety of financial, account management, project management, and operational positions. A results-driven professional with extensive management achievements. His experience in the distressed arena includes cash management, forensic investigation and litigation support, business valuations, financial modeling, financial reporting, operations, and advising and assisting companies with evaluating and developing strategic business plans.

Prior to his current position, Mr. Altman served as a Managing Director with Marotta Gund Budd & Dzera, LLC (“MGBD”), which was acquired by Ankura Consulting in 2016. His experience includes:

  • Advisor to Receiver of several New York Radiology Companies successfully improving profitability while repaying judgment creditor and cleaning up outstanding vendors.
  • Financial Advisor for Bankruptcy Trustee of Lehr Construction, a leading interior construction contractor in Chapter 11.
  • Lyle Anderson: Advisor for Real Estate Developer and high end golf course developer.
  • Monarch Electric: Regional controller for $150 million electrical distributor.
  • Andin International: Assisted management in cash forecasting and business plan development as part of extended the existing credit facility.
  • Equilease: Performed valuation services for this equipment leasing company.
  • Kaskel Trust: Provided litigation support to the Trustee of this $600 million family trust.
  • Compass Diversified Trust: Performed due diligence and quality of earnings assessment for four portfolio companies and newly formed holding company.

Additionally, Mr. Altman also worked at Electronic Data Systems, where he managed the implementation of EBT (Electronic Benefits Transfer) solution for EDS with major financial institutions. He also managed the implementation of Automatic Teller Machine Money Transfer, a venture with Western Union allowing money transfer capabilities at ATM’s.

Mr. Altman received a Masters in Business Administration degree from Adelphi University with a concentration in Business and a Bachelor of Sciences degree in Accounting from the State University of New York at Albany. He is a Certified Public Accountant in New Jersey, a member of the American Institute of Certified Public Accountants and the New Jersey State Society of Certified Public Accountants.

JeromeDavis

Jerome Davis

Managing Director

Ankura Consulting Group

747 Third Avenue, 35th Floor, New York, NY 10017
jerome.davis@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.602.300.7038

Education

BS, Global Business and Financial Management, Arizona State University

Affiliations

Turnaround Management Association (TMA)
Association of Insolvency and Restructuring Advisors (AIRA)

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Jerome Davis is a Managing Director at Ankura Consulting Group based in New York, NY.  He has 12 years of experience advising companies and creditors in turnaround and restructuring related matters involving cash management and analysis, debt-restructuring, plans of reorganization, liquidation analyses, financial forecasting, creditor negotiations, and other bankruptcy-related issues.  Mr. Davis has also provided extensive services to businesses and law firms involving mergers and acquisitions, leveraged buy-outs, financial restructuring, business and trademark valuation, solvency opinions, and fairness opinions.

Prior to joining Ankura, Mr. Davis held the position of Senior Director in FTI Consulting’s Corporate Finance and Restructuring practice.  Here, he specialized in the design and implementation of financial strategies, optimization of value, and work with distressed companies.  In this capacity, Mr. Davis provided advisory services for clients across diverse industries, including technology, media, renewable energy, retail, real estate, hospitality, oil and gas, engineering and construction, food and beverage, consumer products, and financial services.

Prior to joining FTI, Mr. Davis was an investment banker at Houlihan, Lokey Howard and Zukin, where he provided a variety of financial advisory services.  Prior to employment by Houlihan Lokey, Mr. Davis was with Examination Management Services, Inc., where he designed monthly reporting analytics that allowed the company to maximize efficiency in preparing and analyzing financial reports for board members and senior management.

Mr. Davis received a Bachelor of Science in Global Business and Financial Management from Arizona State University.

LeeFletcher

B. Lee Fletcher

Managing Director

Ankura Consulting Group

747 Third Avenue, 35th Floor, New York, NY 10017
lee.fletcher@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.804.339.7883

Education

BS, Accounting, George Mason University

Certifications

Certified Insolvency and Restructuring Advisor

Affiliations

Association of Insolvency and Restructuring Advisors
American Institute of Certified Public Accountants

Honors & Awards

ZolfoCooper Randy Waits Gold Award

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Lee Fletcher is a Managing Director at Ankura Consulting Group and is based in New York, NY.  Mr. Fletcher has been advising companies, boards and creditors’ constituencies in distressed situations for over 15 years. He has served primarily in management and advisory roles in bankruptcy and out–of–court restructurings, including reorganizations and liquidations.

Mr. Fletcher has managed the development of comprehensive business plans, prepared and analyzed restructuring proposals, plans of reorganization, disclosure statements and liquidation analysis, managed bankruptcy claims, prepared preference analyses, managed bankruptcy estates, overseen financial restructurings and recapitalizations, provided litigation support and performed various other business analysis and due diligence assignments.

Mr. Fletcher has served in a numerous interim management roles.  He is currently Interim CFO and Assistant CRO of a medical device company that provides artificial hearts.  Over the past few years, he has also held the position of Interim CFO for C Wonder, a leading retailer of designer women’s apparel and accessories and Interim CFO for Vivaro, one of the largest prepaid phone card companies.

In addition to interim management, Mr. Fletcher has recently served in an advisory capacity at Sbarro, an international quick service food provider and franchisor and at a privately held international wholesaler and distributor of OEM and replacement aviation components.  He was also an advisor to the Senior Lenders to Hicks Sports Group, owners of the MLB Texas Rangers and Dallas Stars of the NHL, and to the Senior Lenders to a privately held $460 million international auto parts supplier.  Mr. Fletcher advised the owners of Hollywood Tans, a franchisor of tanning salons, served as an advisor to both Century City Doctors Hospital, a Los Angeles, CA start–up hospital and American Commercial Lines, LLC, one of the largest transportation, service and barge construction companies serving the inland waterways, where he oversaw a successful Chapter 11 restructuring and subsequent recapitalization.  Mr. Fletcher advised Neenah Foundry Co., a $400 million foundry and forging company, resulting in a successful capital restructuring and provided advisory services to Homelife Furniture, a 130 store retail home furnishings chain that was one of the 10 largest in the nation, during its liquidating Chapter 11 reorganization.

Prior to becoming a Turnaround and Restructuring consultant in 2001, Mr. Fletcher held senior operations and financial management positions in the retail and construction industries.

Mr. Fletcher received a Bachelor of Science degree in Accounting from George Mason University, in Fairfax, Virginia.  Mr. Fletcher is a Certified Insolvency and Restructuring Advisor (CIRA) and was the 2011 winner of the Zolfo–Cooper Randy Waits Gold Award for achieving the top composite score for all three parts of the CIRA exam.

PhilGund

Philip Gund

Senior Managing Director

Ankura Consulting Group

747 Third Avenue, 35th Floor, New York, NY 10017
philip.gund@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.516.695.7003

Education

JD, Case Western Reserve University School of Law
MSW, University of Pittsburgh School of Social Work
BA, Case Western Reserve University

Certifications

Certified Public Accountant (CPA)
Certified Insolvency and Restructuring Advisor (CIRA)

Affiliations

American Institute of Certified Public Accountants
New York State Society of Certified Public Accountants
Association of Insolvency and Restructuring Advisors
American Bankruptcy Institute
Turnaround Management Association

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Philip J. Gund is a Senior Managing Director at Ankura Consulting Group and is based in New York, NY. Mr. Gund has more than 30 years of professional experience, including 26 years working with troubled companies, their creditors, investors, and court-appointed officials. Mr. Gund enjoys a national reputation as a restructuring expert and crisis manager forging consensual agreement among diverse parties. His troubled company experience crosses many different industries including: marine transportation; marine construction, automotive parts; healthcare; hotel development and management; retail; co-op purchasing and distribution; daily publications; printing; import/export; real estate and construction; specialty chemicals; coke and electrode production; alternative energy; telecommunication; golf courses and practice facilities; family entertainment centers; and manufacturing and wholesale distribution.

Mr. Gund has successfully advised and assisted clients with all aspects of the workout process including developing/evaluating business plans; performing due diligence procedures; developing, evaluating and negotiating reorganization/restructuring plans; preparing/analyzing court and creditor reports; and valuations. He has provided expert testimony regarding plan feasibility, valuation and best interests of creditors. Additionally, he has served as CEO, CRO and CFO in interim management situations, Responsible Officer in liquidation matters, and serves on the Board of Directors in a number of situations. Mr. Gund also serves on the Board of Catholic Renewal, a charitable organization providing food and shelter to people in need in the New York area.

Prior to his current position, Mr. Gund was a Founding Principal of Marotta Gund Budd & Dzera, LLC (“MGBD”), which in 2016 was acquired by Ankura Consulting. Prior to forming MGBD, Philip was a Principal at Zolfo Cooper, LLC. He has provided consulting services in troubled situations representing companies, creditors, investors and directors, as well as providing expert witness testimony

Mr. Gund’s experience includes:

  • Chief Restructuring Officer to Vivaro, one of the largest pre-paid phone card companies.
  • Chief Restructuring Officer to an international alternative energy construction company.
  • Advisor to the Chapter 11 Trustee in the Lehr Construction chapter 11 providing crisis management services including responsibility for the management of approximately 20 interior construction projects.
  • Advisor to an international wholesaler and distributor of OEM and replacement aviation component.
  • Advisor to Sbarro, an international quick service food provider and franchisor.
  • Advisor to the secured lenders of a national equipment rental company.
  • Advisor to the Senior Lenders in a $460 million international auto parts supplier.
  • Advisor to the Senior Lenders in a $380 million newspaper and media company.
  • Advisor to the Senior Lenders in a $400 million international brand, wholesale and retail operation.
  • President and Chairman of the Board of Global Document Solutions Corporation, a printing and document solutions company.
  • Interim CEO of Hollywood Tanning Corporation.
  • Interim CFO and Advisor to Century City Doctors Hospital, a Los-Angeles (CA) start-up hospital.
  • Advisor to the Secured Lender of Bayonne Medical Center, a 278-bed, fully accredited acute care hospital.
  • Advisor to MDNY Healthcare, an independent HMO.
  • Advisor to Transportation & Transit Associates, LLC, a Commuter Rail Car Transit Re-builder and Assembler.
  • Chief Financial Officer and Restructuring Officer of American Commercial Lines, LLC, one of the largest marine transportation, service and barge construction companies servicing to inland waterway system.

Mr. Gund graduated from Pace University with a BBA in Public Accounting in 1983. He is a CPA and CIRA and is a member of the AICPA, NYSSCPAs, AIRA, ABI, and TMA.

Carolyn Hughes

Carolyn Hughes

Senior Managing Director

Ankura Consulting Group

747 Third Avenue, 35th Floor, New York, NY 10017
carolyn.hughes@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.201.370.0852

Education

BA, Economics, Rutgers University

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Carolyn Hughes is a Senior Managing Director at Ankura Consulting based in New York, NY.  She has close to 25 years of operations and marketing experience and is leading business development and marketing efforts and serving in an advisory capacity in the turnaround and restructuring practice.

Prior to joining Ankura, Ms. Hughes was a Managing Director at FTI Consulting, where she was a senior operational and marketing professional and was the leader of the Knowledge Management Group in the Corporate Finance & Restructuring segment, which provided research and marketing to over 800 global professionals.  Ms. Hughes’ responsibilities included the development and dissemination of communications to the global practice; data management of pursuits, wins and referrals; management of its annual premier client event; creation of collateral and pitch materials; and was most recently responsible for the website refresh of the Corporate Finance & Restructuring product pages to more closely align with its go-to market strategy.

Prior to joining FTI Consulting, Ms. Hughes was a Managing Director at PricewaterhouseCoopers in the Business Recovery Services practice, where she worked directly with the leadership team focusing on business development and marketing.  Prior to the Price Waterhouse and Coopers & Lybrand merger in 1998, Ms. Hughes was a Senior Consultant at Coopers & Lybrand.  Ms. Hughes was also an Associate in the Marketing and Clearing Operations department at Bear Stearns, where she was responsible for providing research and support directly to the firm’s clearing clients.  Ms. Hughes started her career at Shearson Lehman Brothers, where she successfully passed the Series 7 and Series 63 (not currently active).

Ms. Hughes has a Bachelor of Arts in Economics from Rutgers University.

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Kevin Lavin

Co-President

Ankura Consulting Group

747 Third Avenue, 35th Floor, New York, NY 10017
kevin.lavin@ankuraconsulting.com
Main: +1.212.818.1555

Education

BS, Accounting, Manhattan College

Certifications

Certified Insolvency and Restructuring Advisor
Former Certified Public Accountant

Affiliations

Turnaround Management Association
American Institute of Certified Public Accountants
New York State Society of Certified Public Accountants

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Kevin Lavin is Co-President and Global Head of the Turnaround & Restructuring Practice at Ankura Consulting Group and is based in New York. Mr. Lavin brings more than 30 years of business consulting experience, including more than 25 years of experience advising the owners, board of directors, senior management as well as the creditor constituencies of underperforming and distressed companies and municipalities. Mr. Lavin has played a key role in the turnaround and/or restructuring of over 100 companies and municipalities around the globe and across a broad range of industries. He has also served in interim management roles, including CEO, COO, CFO, and CRO.

Prior to joining Ankura, Mr. Lavin was appointed by the Governor of New Jersey in January 2015 to serve as the Emergency Manager of Atlantic City, NJ. Previously, Mr. Lavin was the global co-leader of the FTI Consulting Corporate Finance/Restructuring practice. In this role, he managed over 1,000 personnel and more than $400 million in worldwide revenue. He also served as a member of FTI Consulting’s Executive Committee.

Prior to joining FTI Consulting, Mr. Lavin was a partner at PricewaterhouseCoopers, and before that, Mr. Lavin worked for a nationally recognized consulting firm specializing in assisting troubled companies and their creditors. He also has experience as the financial and operations principal of a broker-dealer holding a FINRA Series 27 license. Mr. Lavin started his career at Deloitte & Touche where he performed audits and special projects primarily for large publicly held companies.

Developing solutions in complex turnarounds and restructurings is a hallmark of Mr. Lavin’s background. Mr. Lavin is known for leading strategic efforts and bringing together disparate stakeholder groups in challenging environments. Among his extensive experience, Mr. Lavin has played a leading role in many of the largest restructurings around the globe, including, Puerto Rico’s Power and Highway Authorities, MF Global, Lehman Brothers, LyondellBasell, Centro Properties Group, ResCap, and Global Crossing. Other notable cases centered in the Americas that Mr. Lavin has held principal responsibilities include CIT, General Growth Properties, Extended Stay Hotels, City of Philadelphia, CBASS, as well as several large, monoline insurance companies.

Mr. Lavin received his Bachelor of Science in Accounting and Finance from Manhattan College. He is a Certified Insolvency and Restructuring Advisor and former Certified Public Accountant, and is a member of the Turnaround Management Association, American Institute of Certified Public Accountants, and the New York State Society of Certified Public Accountants. Mr. Lavin serves on the board of Her Justice, a provider of pro-bono legal representation to low-income women and children for a variety of family law matters, including child support and domestic violence cases. He also recently served on the board of The China Institute, which advances a deeper understanding of China in the United States through programs in education, culture, business, and art.

 

SalLoBiondo

Salvatore LoBiondo

Senior Managing Director

Ankura Consulting Group

800 Lanidex Plaza, Suite 210, Parsippany, NJ  07054
salvatore.lobiondo@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.201.400.6893

Education

BS, Accounting, Villanova University

Certifications

Certified Insolvency and Restructuring Advisor
Former Certified Public Accountant
Former Certified Management Accountant

Affiliations

Association of Insolvency and Restructuring Advisors
American Institute of Certified Public Accountants
American Bankruptcy Institute

Honors & Awards

2006 Turnaround Management Association’s Large Company Turnaround Award.

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Salvatore LoBiondo, Jr. is a Senior Managing Director at Ankura Consulting Group and is based in Parsippany, NJ. Mr. LoBiondo has more than 30 years of general business experience, including more than 20 years of working with troubled companies.

Mr. LoBiondo enjoys a national reputation as a restructuring expert and crisis manager. Prior to his position as a Senior Managing Director at Marotta Gund Budd & Dzera, LLC, which was acquired by Ankura Consulting in 2016, he held the position of Managing Director at Zolfo Cooper, LLC. His assignments have included advisory, interim management roles and international assignments, including work in Europe and Latin America. Working for both debtors and creditors, Mr. LoBiondo has led complex reorganizations and restructurings with experience across diverse industries such as telecommunications, electronics, manufacturing, retail, distribution, quick service restaurants and airlines.

Mr. LoBiondo has advised a number of companies and debtors, including acting as special financial advisor during Chapter 11 bankruptcy proceedings. Mr. LoBiondo has worked in an advisory capacity for companies in a variety of industries such as logistics, solid waste disposal, broadcasting, textiles, jewelry, retail, engineering, equipment rental, leasing, manufacturing, distribution, printing and direct mail, energy, hotel and casinos, airline, real estate, and utilities. His clients have included Fortunoff’s, Inner City Broadcasting Corporations, Trans World Entertainment, The IT Group, and MGM Grand Hotel and Casino.

Mr. LoBiondo has held interim management positions, including the Responsible Officer of LeNature’s where he was responsible for uncovering the $750 million fraud, CEO of Friedman’s Jewelers, Interim Controller of MicroWarehouse, Inc. and Interim General Manager of MicroWarehouse, B.V.

Mr. LoBiondo has also advised secured lenders and bondholders in a variety of matters across multiple industries, such as equipment rentals, food and beverage, financial services, technology, communications and energy. Some examples include advising an ad hoc committee of bondholders of MCI/WorldCom, advising to the secured lender to a number of fast food franchises, and financial advisor to the Official Committee for Unsecured Creditors of Mirant Americas Generation, key stakeholders in the Mirant Corporation bankruptcy proceeding.

Mr. LoBiondo is a graduate of Villanova University with a Bachelor of Science in Accounting. He is a Certified Insolvency and Restructuring Advisor and member of the American Institute of Restructuring Advisors and is a former CPA and CMA. He is also a member of the AICPA and ABI. Mr. LoBiondo was the recipient of the 2006 Turnaround Management Association’s Large Company Turnaround Award.

RoyMessing

Roy Messing

Senior Managing Director

Ankura Consulting Group

747 Third Avenue, 35th Floor, New York, NY 10017
roy.messing@ankuraconsulting.com
Main: +1.646.291.8561
Mobile: +1.203.241.6082

Education

BA, Yale College
MBA, Harvard Business School

Affiliations

Association of Insolvency & Restructuring Advisors
American Bankruptcy Association
Turnaround Management Association

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Roy Messing is a Senior Managing Director at Ankura Consulting Group and is based in New York, NY. Mr. Messing has 25 years of experience advising the boards of directors and senior management of troubled companies and creditor constituencies in both operational and financial restructurings and providing interim management services to both healthy and distressed companies. Mr. Messing has extensive experience in a wide variety of industries including manufacturing and distribution, chemicals, energy, building materials, commercial real estate, financial services, professional services, medical devices and services, pharmaceuticals, technology, media, telecom and entertainment.

Prior to joining Ankura, Mr. Messing was a Senior Managing Director at FTI Consulting where he represented creditors and debtors in bankruptcy and turnaround situations, as well as provided interim management services, including Chief Restructuring Officer (“CRO”).

Mr. Messing began his career as Associate at McKinsey & Company and has held numerous executive positions.

Professional Experience

  • CRO for Caribbean Petroleum Corporation, a $400 million distributor of petroleum products in a liquidating Chapter 11.
  • CRO and interim CEO for an early stage, venture backed consumer electronics and IoT services platform company.
  • Interim President for Peachtree Doors and Windows, a $200 million manufacturer and distributor of residential building products.
  • Interim President for BetterBilt Doors and Windows, a $150 million aluminum extruder and manufacturer of residential building products.
  • Interim President for BranchServ, a privately-held physical and electronic service provider for retail financial institutions.
  • Interim President for CustomVault, a privately-held designer and manufacturer of high-security modular vault systems for the U.S. government and major pharmaceutical companies.
  • Advisor to the Board of Directors of a $400 million distributor of commercial building products and security devices during its restructuring.
  • Advisor to the City of Philadelphia where Mr. Messing helped the city to identify savings in third-party spend and enhancements to the city’s revenue collection processes.
  • Strategic advisor to the Board of Directors of a medical device company founded by a recent Nobel Laureate in Chemistry.
  • Advisor to the DIP and secured lenders, holding $16 billion of debt, to LyondellBasell, a $50 billion petrochemical company in its Chapter 11.
  • Advisor to the secured lenders, holding $2 billion of debt, to Centro Properties Group, an Australian Real Estate Investment Trust.
  • Advisor to the secured lenders of a $600 million designer and manufacturer of specialty retail products in a restructuring of the company’s debt.
  • Advisor to the lenders in a restructuring of the secured debt of a $400 million pharmaceutical manufacturer and packager.
  • Advisor to the secured lenders to a $400 million resort and casino in a restructuring of the company’s debt.
  • Advisor to the secured lenders to Dewey & LeBoeuf, a large international law firm, in the firm’s liquidation.
  • Liquidation Trustee for the Caribbean Petroleum Corporation Liquidation Trust, following the company’s liquidating Chapter 11.
  • Liquidation Trustee for the Dewey & LeBoeuf Secured Lender Trust, following the company’s liquidating Chapter 11.
  • Advisor to Bally’s Fitness during its wind down and liquidation.

Mr. Messing received a Bachelor of Arts Degree in History from Yale College and a Master in Business Administration from Harvard Business School.

TimRaab

Timothy G. Raab

Senior Managing Director

Ankura Consulting Group

1220 19th Street, NW STE 700, Washington, DC 20036
tim.raab@ankuraconsulting.com
Main: +1.202.721.0947
Mobile: +1.202.258.1094

Education

MS, Taxation, American University
MBA, Marymount University
BBA, Loyola College, Baltimore, MD

Certifications

Certified Public Accountant

Affiliations

American Institute of Certified Public Accountants
Virginia Society of Certified Public Accountants

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Timothy G. Raab is a Senior Managing Director at Ankura Consulting Group based in Washington, DC.  Mr. Raab has more than 16 years of experience providing financial, tax and accounting related consulting and expert services to law firms and business involved in complex litigation.  He is considered an expert on tax, accounting and procedural issues surrounding the establishment and management of Qualified Settlement Funds.  He also specializes in providing expert services to attorney’s with fraudulent transfer actions, preference actions, mass torts and class actions, business combination/divestiture suits, business interruption suits, and other matters that involve complex financial, tax and accounting issues.

Mr. Raab provides financial management and reporting services to several I.R.C. Section 468B Qualified Settlement Funds (“QSFs”).  Given his significant and unique experience with these entities, he is often asked to weigh-in on tax, accounting and procedural issues specific to QSFs.   He manages a team of CPAs and other accounting and technical professionals responsible for day-to-day financial accounting, preparation of monthly financial statements, calculation of quarterly tax estimates, the preparation of specialized reports required by court approved settlement agreements, and the monitoring of short- and long-term liability estimates.  Mr. Raab prepares the QSFs for annual financial statement audits, performed by public accounting firms, and works closely with the audit partner throughout the engagement to ensure that the financial statements are presented in accordance with generally accepted accounting principles.  In addition, he assists with the preparation of annual reports filed with the court of continuing jurisdiction for the QSF.

Based on Mr. Raab’s education, experience and qualifications he is often asked to assist attorney’s with cases that involve complex financial, tax and accounting related matters.  He was recently retained as an expert financial advisor for a chapter 7 bankruptcy trustee tasked with rendering an opinion on the solvency of a government contracting business and preparing an analysis of transactions relevant to potential preference and fraudulent transfer actions.  In addition, Mr. Raab was retained to analyze the tax consequences of a large business combination within the mortgage-backed securities industry and prepare a report on tax-free reorganizations and the utilization of deferred tax assets in the context of an acquisition.

Before joining Ankura Consulting Group, Mr. Raab worked at BEA Systems (acquired by Oracle) as a Finance Manager in the Federal Sector responsible for ensuring that all software sales were executed in accordance with revenue recognition principles.  He worked closely with counsel drafting software maintenance and professional services contracts, supported the sales team with pricing options and reported directly to the executive staff regarding sales projections.  Prior to BEA Systems, Mr. Raab worked at Computer Sciences Corporation (“CSC”) as a technical consultant supporting several contracts with the Department of Education and as an accountant in CSC’s Federal Sector Group.

Mr. Raab received a Masters of Science in Taxation from American University–Kogod School of Business, a Masters of Business Administration from Marymount University, and a Bachelors of Arts in Finance from Loyola College in Baltimore, MD.  He is a Certified Public Accountant in Virginia, a member of the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants.

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Kasey Rosado

Managing Director

Ankura Consulting Group

747 Third Avenue, 35th Floor, New York, NY 10017
kasey.rosado@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.917.414.9857

Education

BS, Syracuse University

Languages

Spanish (fluent)

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Kasey Rosado is a Managing Director at Ankura Consulting Group based in New York, NY with over fifteen years of financial, operational, and leadership experience specializing in financial restructurings and operational turnarounds, including advising under-performing and distressed companies.  Ms. Rosado has assisted companies, lender and financial sponsors in addressing complex financial and operational matters.  She has worked on domestic and international engagements across a broad range of industries including consumer products and manufacturing, media and entertainment, for-profit education, healthcare, restaurant food service, retail and apparel, and technology.

Prior to joining Ankura, Ms. Rosado was a Managing Director at CDG Group where she specialized in advising clients in evaluating, developing and executing financial and strategic alternatives, including business and organizational re-alignment, product re-positioning, financial measurement and benchmarking, debt capacity assessment and refinancing.

During her tenure at CDG, Ms. Rosado played an integral role in helping clients streamline organizational processes across key functional departments in order to increase visibility and accountability, while focusing on measurability and profitability.  Ms. Rosado has also provided leadership to clients during periods of change in the executive ranks while working with board members and financial sponsors to rebuild executive teams which will provide the appropriate level of leadership for the organization.

Prior to joining CDG Group, Ms. Rosado was with PwC and specialized in assisting troubled companies and their creditors in financial restructurings and operational turnarounds.

Ms. Rosado received a Bachelor of Science in Accounting from Syracuse University.

BenJones

Benjamin Jones

Senior Managing Director

Ankura Consulting Group

747 Third Avenue, 35th Floor, New York, NY 10017
ben.jones@ankuraconsulting.com
Main: +1.212.818.1117
Mobile: +1.917.273.9748

Education

BS, Accounting, with distinction, Wake Forest University

Affiliations

American Bankruptcy Institute
Association of Insolvency & Restructuring Advisors
Turnaround Management Association

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Ben Jones is a Senior Managing Director in Ankura Consulting’s Turnaround & Restructuring group based in New York. Mr. Jones has over 20 years of experience in restructuring, finance, accounting and management.  Mr. Jones has experience in all aspects of corporate turnarounds, financial restructurings and distressed M&A transactions having served as an advisor to companies, private equity firms, lenders and boards of directors. In addition, Mr. Jones has served as Interim President, Chief Restructuring Officer and Interim Chief Financial Officer of both private and public companies.

Since 1998, Mr. Jones has focused on providing restructuring advisory and interim management services to companies and constituents of companies in distress.

Prior to joining Ankura, Mr. Jones was with CDG Group for 18 years. While at CDG, Mr. Jones played a leading role in dozens of restructuring and M&A transactions representing both companies and secured lenders across a diverse range of industries including: education, healthcare, manufacturing, retail, agriculture & food processing and media & entertainment.

Some of Mr. Jones engagements included:

  • Served as Chief Restructuring Officer of a Caribbean based proprietary education company with over 30 campuses in the Caribbean and mainland United States
  • Serving as Interim Chief Financial Officer of a U.S. based proprietary education company with over 14,000 enrolled students
  • Served as Interim Chief Financial Officer Penn Traffic, a publicly traded retailer and as financial advisor in Penn Traffic’s Chapter 11 and 363 sale process
  • Served as Interim President and Restructuring Officer of World Health Alternatives, a publicly traded healthcare staffing services company in its Chapter 11 and 363 sale process
  • Served as CRO of Haven Healthcare, a northeast based operator of skilled nursing and assisted living facilities
  • Served as financial advisor to Milacron in its Chapter 11 reorganization process and 363 sale process
  • Served as financial advisor to Caraustar Industries in its Chapter 11 reorganization and 363 sale process
  • Served as financial advisor to NextStage Entertainment in its Chapter 11 and 363 sale
  • Advised the lenders to a contract manufacturing company in a recapitalization of the company
  • Advised the lenders to an agricultural and food processing company in a recapitalization of the company
  • Advised the lenders to an operator of radio stations in a restructuring and recapitalization of the company
  • Advised the lenders to a dental practice management company in a restructuring and recapitalization of the company
  • Advised the lenders to a diagnostic imaging company in a restructuring and recapitalization of the company

Mr. Jones started his career with Ernst & Young. As one of four candidates selected annually, Mr. Jones spent his first year with the firm in New York in E&Y’s National Research Group where he worked on technical accounting research projects for the firm’s most senior partners and largest clients. Following completion of the research program, Mr. Jones joined Ernst & Young’s Financial Advisory services practice where he was responsible for sourcing and executing valuation and M&A.

Mr. Jones received a Bachelor of Sciences Degree in Accounting, with distinction, from Wake Forest University where he was a Carswell Scholar.

RogerCarlile

Roger Carlile

Chief Executive Officer

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington DC 20036
roger.carlile@ankuraconsulting.com
Main: +1.202.721.0946
Mobile: +1.214.763.1093

Education

MBA, International/Global Studies, University of Virginia Darden School of Business
Executive Education, Professional Service Firms, Harvard Business School
BBA, Accounting, Angelo State University

Certifications

Certified Public Accountant
Accredited in Business Valuation
Certified in Financial Forensics
Certified Fraud Examiner
Chartered Global Management Accountant

Affiliations

American Institute of Certified Public Accountants
Association of Certified Fraud Examiners
Texas Society of Certified Public Accountants

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Roger Carlile is the Chief Executive Officer at Ankura Consulting Group based in Washington, DC.  He has over 30 years of professional services experience, including more than 20 years in senior leadership positions for both publicly-owned and private-partnership businesses.  Mr. Carlile has managed client relationships and overseen practices across a broad range of professional services including bankruptcy, investment banking, valuation, due diligence, financial statement audits, and forensic technology.

Mr. Carlile founded Ankura Consulting Group in November 2014 with the vision to provide senior-level counsel to its clients based on an understanding of the opportunities and challenges faced by them.  As a result, Ankura offers a wide range of expert witness, turnaround and restructuring, corporate investigation, disputes/litigation support, forensic accounting, geopolitical risk assessment, transaction advisory, valuation, visual communications, and business advisory services.

Mr. Carlile’s senior leadership positions have included the responsibilities for setting strategy, growing and leading businesses, and assisting clients to overcome complex business challenges involving investigations, litigations, mergers and acquisitions, regulatory issues, reputation management, strategic communications, and corporate restructurings.

Prior to Ankura, Mr. Carlile served as the Chief Financial Officer at FTI Consulting from April 2010 to September 2014.  Here he was responsible for the finance, accounting, tax, treasury, and investor relations functions for the global public company.  In addition to his position as a CFO, Mr. Carlile also retained the duties of his previous roles as Chief Administrative Officer and Chief Human Resources Officer at FTI Consulting.  In this capacity, he oversaw the global administrative and infrastructure functions that supported the business and its employees – including facilities, technology, and procurement, as well as all other responsibilities for the global human resources function.  Mr. Carlile also served as the Global Leader of FTI Consulting’s Forensic and Litigation Consulting practice.

Prior to FTI Consulting, Mr. Carlile was the Global and Americas Leader of KPMG’s Forensic Services practice.  He also held positions at PricewaterhouseCoopers’ Dispute Advisory and Corporate Recovery Services practice, Rauscher Pierce Refsnes, and Deloitte Haskins & Sells.

Mr. Carlile is an expert in multi-functional general management – ranging from strategy and finance to human resources, information technology, and marketing.  He has served as an expert witness in a variety of matters including patent infringement, breach of contract, franchise disputes, wrongful termination, lost profits, and bankruptcy-related matters such as fraudulent conveyance, preferential transfers, and insolvency.  He has performed investigations relating to a variety of subject matters such as allegations of financial reporting fraud, vendor/employee fraud, intellectual property theft, and infringement.

Mr. Carlile earned a Masters in Business Administration from the University of Virginia Darden School of Business.  He successfully completed the Leading Professional Service Firms Executive Education program at Harvard Business School and received a Bachelors in Business Administration from Angelo State University.  Mr. Carlile is a Certified Fraud Examiner, Certified Public Accountant, Chartered Global Management Accountant, and he is also accredited in business valuation and certified in financial forensics.  He is a member of the American Institute of Certified Public Accountants, Association of Certified Fraud Examiners, and Texas Society of Certified Public Accountants.

StephenMarotta

Stephen Marotta

Senior Managing Director

Ankura Consulting Group

747 Third Avenue, 35th Floor, New York, NY 10017
stephen.marotta@ankuraconsulting.com
Main: +1.212.818.1118
Mobile: +1.973.714.9800

Education

BS, Business Administration; Seton Hall University

Certifications

Certified Public Accountant
Certified Insolvency and Restructuring Advisor

Affiliations

New Jersey Society of Certified Public Accountants
Association of Insolvency Accountants
American Bankruptcy Institute

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Stephen Marotta is a Senior Managing Director of Ankura Consulting Group and is based in New York, NY. Mr. Marotta has more than 30 years of providing professional accounting and consulting services to major corporations and businesses, including 25 years of consulting to financially troubled companies.

Mr. Marotta enjoys a national reputation as a restructuring expert and crisis manager forging consensual agreements among diverse parties. His experience includes business plan and disclosure statement development, viability assessments, reengineering and overhead reduction programs, claims and preference analyses, crisis management, and forensic investigation and litigation support. His industry experiences include real estate & construction, healthcare, retail, telecommunications, manufacturing, wholesale distribution, entertainment, and financial services. Among his many accomplishments he has served as CEO, CFO, CRO and Board positions in crisis management situations. He also has provided testimony with respect to valuation, liquidation and executory rejection claims.

Prior to his current position, Mr. Marotta was a Founding Principal of Marotta Gund Budd & Dzera, LLC (“MGBD”), which in 2016 was acquired by Ankura Consulting. Prior to that, Mr. Marotta was a principal with Zolfo Cooper, LLC.. He has provided consulting services in troubled company situations representing companies, creditors, investors and directors, as well as providing expert witness testimony.

Mr. Marotta’s experience includes:

  • Chief Restructuring Officer to 95 Skilled Nursing Facilities totaling over 7,000 beds where we successfully refinanced over $200 million in senior debt.
  • Chief Restructuring Officer of SynCardia, a level three medical device manufacturer, providing strategic and operational services during their financial restructuring.
  • Vice Chairman & Chief Restructuring Officer of a national accessories manufacture selling private label costume jewelry to the major large box discounters.
  • Receiver of several New York Radiology Companies successfully improving profitability while repaying judgment creditor and cleaning up outstanding vendors.
  • Chief Restructuring Officer to Daytop, a substance abuse provider, providing strategic and operational services throughout their Chapter 11 process.
  • Chief Executive Officer and founder of Oasis Management Resources, LLC, a real estate executive management and back office support entity located in Scottsdale Arizona.
  • Advisor to the Secured Bank Group of Hicks Sports Group, providing strategic guidance during the Chapter 11 filings and subsequent sales of the Texas Rangers and the Dallas Stars.
  • Director and Chief Executive Officer of high end residential golf communities spread across the United States.
  • Advisor to the Secured Bank Group of Acadia, a $150 million international auto-parts manufacturer.
  • Chief Restructuring Officer of ATX, a $300 million CLEC and ISP provider, resulting in a successful reorganization and emergence from a Chapter 11 proceeding.
  • Chief Restructuring Officer of Conso, a $180 million decorative trimming and apparel manufacturer, resulting in the successful restructuring of its capital structure.
  • Chief Restructuring Officer of International Check Services, a $100 million check cashing services company, where he successfully sold operations in a four-month period.
  • Advisor to a 500 store dietary service provider, where he provided strategic consulting services.
  • Chief Restructuring Officer of National Leisure Group, the world’s largest cruise travel vacation provider. At NLG his achievements included formulating a business plan, implementing a cost reduction program, managing day-to-day operations and successfully selling the operations.
  • Chief Restructuring Officer at Protocol, a $200 million telemarketing and direct-mail company.
  • Advisor to the Senior Bank Group of SourceLink, a $95 million direct-marketing company, where he provided strategic consulting services.
  • Chief Financial Officer of U.S. Electrical Services, a $600 million distributor of electrical products.

Mr. Marotta received a Bachelor of Science in Business Administration from Seton Hall University.  He is a Certified Public Accountant in New Jersey and a Certified Insolvency and Restructuring Advisor, and is a member of the New Jersey Society of Certified Public Accountants, the Association of Insolvency Accountants, and the American Bankruptcy Institute.

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Michael Baumkirchner

Managing Director

Ankura Consulting Group

747 Third Avenue, 35th Floor, New York, NY 10017
michael.baumkirchner@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.917.945.9197

Education

BBA Emory University, Goizueta Business School
MBA New York University, Stern School of Business

Affiliations

Chartered Financial Analyst

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Michael Baumkirchner is a Managing Director at Ankura Consulting Group and is based in New York. Mr. Baumkirchner has over 15 years of experience in corporate finance, secured lending, and investment banking.  He has over 7 years of restructuring experience providing advisory services to various constituencies in both in-court and out-of-court restructurings across a wide range of industries including energy, financial services, telecom, healthcare, technology and manufacturing.

Prior to joining Ankura Consulting Group, Mr. Baumkirchner worked in FTI’s Corporate Finance and Restructuring practice. Mr. Baumkirchner has worked on a wide range of restructurings over the past 7 years including public experiences with Midstates Petroleum, RCS Capital, Boomerang Tube, PCD, MF Global, and Lehman Brothers.

Prior to joining FTI, Mr. Baumkirchner spent five years at MBIA in its Operating Asset and Whole Business Securitization group where he originated and structured financial guarantees on fixed income securities backed by aviation assets, marine cargo containers, intellectual property, and business loans and leases. He developed expertise in valuing the securities backed by these assets and valuing the collateral backing the securities.

Prior to receiving his MBA, Mr. Baumkirchner worked as an associate at Dresdner Kleinwort Wasserstein in its loan syndication department where he focused on structuring and distributing debt in project finance, real estate, and leverage finance markets. As an analyst at Bank of America Securities in its Global Investment Bank, he developed cash flow models for valuing various capital intensive projects such as power plants, telephone networks, oil fields, toll roads, and gas pipelines in connection with Bank of America’s US Project Finance practice and in support of Latin American M&A business.

Mr. Baumkirchner received his MBA from NYU’s Stern School of Business and his BBA from Emory University’s Goizueta Business School. Mr. Baumkirchner is also a CFA Charterholder.

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Dennis Barrett

Managing Director

Ankura Consulting Group

747 Third Avenue, 35th Floor, New York, NY 10017
dennis.barrett@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.917.803.4242

Education

MBA, Finance, University of Notre Dame, Mendoza College of Business
BS, Finance, State University of New York at Old Westbury

Certifications

NASD Series 7, 66, 86 and 87 (inactive)

Affiliations

Association of Insolvency & Restructuring Advisors

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Dennis Barrett is a Managing Director at Ankura Consulting Group based in New York, NY. He has advised debtors and creditors in both formal chapter 11 proceedings and out-of-court workout situations.  Mr. Barrett has assisted clients with financial restructurings, debt for equity swaps, 363 asset sales, strategic planning, and business valuation.

Prior to joining Ankura, Mr. Barrett was a Senior Director in the Corporate Finance & Restructuring practice at FTI Consulting. He advised clients in a variety of industries including air cargo, restaurant, specialty chemical, telecommunications, and consumer products.  In this capacity, Mr. Barrett’s responsibilities included preparing and reviewing business plans, financial forecasts and statement models, liquidation analyses, debtor-in-possession financing arrangements, contract assumption/rejection analyses, restructuring plans, plans of reorganization, and evaluations of strategic alternatives.

While at FTI Consulting, Mr. Barrett has supported a wide spectrum of clients including Southern Air Holdings, Momentive Performance Materials, Specialty Products Holding Corp, Love Culture, Ross Education, Fox and Hound Restaurant Group, Unitek Global Services, The Great Atlantic & Pacific Tea Company, Cache Inc., and Things Remembered, Inc.

Prior to joining FTI, Mr. Barrett worked at a boutique investment bank in New York, where he published sell-side equity research for institutional clientele. Mr. Barrett has also held various positions in financial analysis & advisory roles.

Mr. Barrett received a Masters of Business Administration in Finance from the University of Notre Dame and a Bachelor of Arts in Finance from the State University of New York at Old Westbury. He previously held NASD Series 7, 66, 86, and 87 licenses and he is also a member of the Association of Insolvency and Restructuring Advisors.

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Scott Pinsonnault

Senior Managing Director

Ankura Consulting Group

16000 Dallas Parkway, Suite 100, Dallas, TX 75248
scott.pinsonnault@ankuraconsulting.com
Mobile: +1.214.771.6133

Education

B.S., Geology and Geophysics from St. Lawrence University
M.S., Geology and Geophysics from Texas A&M University
M.B.A, Finance and Management from Tulane University

Affiliations

American Bankruptcy Institute
Turnaround Management Association
American Association of Petroleum Geologists
Geological Society of America
American Geophysical Union
Academy of Management
Society for Sedimentary Geology
International Association of Sedimentologists

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Mr. Pinsonnault is a Senior Managing Director at Ankura and is based in Dallas, TX. He is a seasoned executive with 21 years of operating, financial, and restructuring experience in the energy, power generation, oil and gas, and related industries. He has worked with companies, equity sponsors, secured lenders, unsecured creditor committees, boards of directors/special committees, creditor trusts, sureties/bond insurance companies, bond holders, and regulatory agencies. Mr. Pinsonnault has a strong technical background that includes five years of hands-on geologic/geophysical technical operational experience, as well as engineering experience with a major integrated oil and gas company. He has worked to advise and finance the capital structure in energy, exploration and production and oilfield service companies.

Mr. Pinsonnault’s professional experience includes sourcing, underwriting, and managing a diverse array of energy and oil and gas investments for two large financial institutions. He has led the energy restructuring and advisory practices for two national consulting firms and has served as Chief Restructuring Officer (CRO) for oil and gas companies. Mr. Pinsonnault has served as the Chief Financial Officer and CRO for a $1B upstream oil and gas company to lead two restructuring transactions including a consensual in court restructuring. He also served as CRO for two oil and gas exploration and production companies, where he led pre and post-petition work including attempted pre-petition debt alternatives, arranging DIP financing, preparation for filing, sales processing, plan confirmations and all aspects of bankruptcy administration. In other restructuring projects, he has served as Interim Chief Financial Officer for a public oil and gas company and its related entities. As CFO of other companies in flux, Mr. Pinsonnault was brought in to reforecast and negotiate an amendment, waiver and forbearance with secured lenders.

Mr. Pinsonnault has other restructuring experience through serving as an advisor responsible for reorganizing and restructuring a $675 million oil exploration and production company. Additionally, he was an advisor responsible for restructuring equity, debt, and tax credits for three wind-power project investments, as well as the balance sheet of an eastern US Central Appalachian coal company. As a restructuring advisor, he was also retained by an oilfield service company to assess management, optimize operations and restructure debt and equity.

In addition to restructuring, Mr. Pinsonnault has extensive experience as a financial advisor. He was previously employed by a secured lender group to provide financial advisory services related to its credit exposure in an offshore oil and gas production company. Additionally, he was Financial Advisor to an oilfield service and distribution company charged with evaluating, making recommendations and implementing operations and balance sheet restructurings.

Scott holds both a B.S. and M.S. in Geology and Geophysics and an M.B.A in finance and management. He is a member of the American Bankruptcy Institute, the Turnaround Management Association, the American Association of Petroleum Geologists, the Geological Society of America, the American Geophysical Union and the Academy of Management.