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.