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Our team of nationally recognized consultants provide strategic and practical advice to investors, boards of directors, senior management as well as the creditor constituencies of underperforming and distressed companies. We have led or held key roles in the turnaround and/or restructuring of hundreds of some of the most complex matters around the globe and across a broad range of industries. We have served in crisis management roles domestically and abroad including CEO, CRO, and CFO as well as independent board positions.

Our Turnaround & Restructuring professionals are trusted advisors who work collaboratively and in a very measured and expedient way to maximize value for our clients. We are experts known for leading challenging processes and bringing together disparate stakeholder groups.

An under-performing company presents different challenges to management, creditors and shareholders. In this regard, each party must ask tough questions that demand total objectivity, sound analysis, and a complete mastery of the current and foreseeable internal and external conditions impacting the outcome. While each financially distressed situation differs, our approach is tailored for our specific client needs.

 

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.

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Jerome Davis

Managing Director

Ankura Consulting Group

750 Third Avenue, 28th 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.

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B. Lee Fletcher

Managing Director

Ankura Consulting Group

750 Third Avenue, 28th 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.

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Philip Gund

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
philip.gund@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.516.695.7003

Education

BBA, Accounting, Pace 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.

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Carolyn Hughes

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th 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 Group 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).

 

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Kevin Lavin

Co-President

Ankura Consulting Group

750 Third Avenue, 28th 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 Bankruptcy Institute

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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.

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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.

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Roy Messing

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th 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.

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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. He has more than 16 years of experience as a tax and financial accounting professional. At Ankura, Mr. Raab focuses on providing outsourced CFO services to several special-purpose corporations and has significant experience developing and launching financial reporting systems, evaluating uncertain tax positions, preparing tax provisions, monitoring and interpreting changes in relevant tax law, budgeting, preparing clients for financial statement audits, establishing compliance and internal control environments, managing treasury functions, and monitoring investments and investment managers.

Mr. Raab also has experience providing expert witness services to attorneys and businesses involved in complex tax and financial related litigation. He was recently retained as an expert financial advisor 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 built macro based models to evaluate the profitability of pricing structures involving the combination of license sales, professional services, and maintenance. He also 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. He was primarily responsible for building complex macro based financial model to assist the department with measuring performance. Before that Mr. Raab was an accountant in CSC’s Federal Sector Group responsible for handling AP and AR functions, monthly closing entries, preparing fixed asset and depreciation schedules, preparing quarterly tax provisions, and building macro based models to automate the calculation and reporting of certain financial performance metrics.

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Kasey Rosado

Managing Director

Ankura Consulting Group

750 Third Avenue, 28th 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.

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M. Benjamin Jones

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th 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

Honors & Awards

Turnarounds & Workouts 2011 “People to Watch: Business Professionals Making Their Mark” list
M&A Advisor – 2011 Distressed M&A Deal of the Year: Chapter 11 Reorganization and 363 Sale of Penn Traffic to Tops Markets
M&A Advisor – 2011 Retail Manufacturing and Distribution Sector Award: Chapter 11 Reorganization and 363 Sale of Penn Traffic to Tops Markets

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Benjamin Jones is a Senior Managing Director of Ankura Consulting Group and is based in New York, NY.

Mr. Jones is a recognized leader in the restructuring profession with more than 20 years experience advising and participating in complex corporate reorganizations. Mr. Jones has been involved in all aspects of financial restructuring as an advisor to financially under-performing/distressed companies, lenders, creditors, corporate boards and equity owners. Mr. Jones has played a key role in dozens of successful restructuring and M&A engagements including Mariner Post-Acute Networks, Centennial Healthcare, World Health Alternatives, The Penn Traffic Company, Milacron, Lionel, Caraustar Industries, Golden Books Family Entertainment and Rand McNally.

Mr. Jones has advised clients in diverse businesses including healthcare, education, professional services, manufacturing, apparel, food processing, retail and entertainment. In addition to serving as an advisor, Mr. Jones has also served in turnaround management positions including president, chief restructuring officer, and chief financial officer on numerous occasions for both private and public companies.

Prior to joining Ankura, Mr. Jones was a Senior Managing Director at CDG Group. Mr. Jones started his career at Ernst & Young where he worked in the National Research Group and Financial Advisory Services Group focusing on valuations and middle-market corporate finance transactions.

Mr. Jones serves on the board of Greater New York Council of Boy Scouts. He also recently served on the Board of Visitors of the Wake Forest University Schools of Business.

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

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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.

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Stephen Marotta

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th 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

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th 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 Senior 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

750 Third Avenue, 28th 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

Scott Pinsonnault

Senior Managing Director

Ankura Consulting Group

200 Union Boulevard, Suite 200, Lakewood, CO 80228
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 Denver, CO. 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.

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Louis E. Robichaux IV

Senior Managing Director

Ankura Consulting Group

15950 Dallas Parkway, Suite 750, Dallas, TX 75248
louis.robichaux@ankuraconsulting.com
Main: +1.214.200.3689
Mobile: +1.214.924.1575

Education

MBA, Mays Business School, Texas A&M University
BBA, Austin Peay State University

Certifications

CFA Charterholder
Certified Turnaround Professional (CTP)
Certified Insolvency and Restructuring Advisor (CIRA)
Certification in Distressed Business Valuation (CDBV)

Affiliations

American Bankruptcy Institute
CFA Institute
Turnaround Management Association, Former President of Dallas/Ft. Worth Chapter
Association of Insolvency & Restructuring Advisors

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Louis Robichaux is a Senior Managing Director at Ankura Consulting Group in Dallas, Texas. Mr. Robichaux has more than 25 years of experience in the corporate restructuring and health care industries. Mr. Robichaux provides restructuring, crisis management, financial advisory, and expert witness services to parties in a broad variety of distressed corporate settings, with a significant emphasis on the U.S. Health Care industry. His current and former clients include providers, payors, secured creditors, unsecured creditor committees, governmental entities, trustees, and other parties in interest.

Mr. Robichaux is nationally recognized for his work in health care corporate restructuring having received the M&A Advisor’s Restructuring Deal of the Year for 2014 ($10 million – $100 million) and the Turnaround Management Association’s Non-Profit Transaction of the Year for 2016. His health care sector experience includes hospitals, HMO/managed care organizations, outpatient rehabilitation, independent physician practice associations (IPAs), physician practice management companies (PPMs), dental/orthodontic practice management companies (DPMs), ambulatory care clinics, skilled nursing care, continuing care retirement communities (CCRCs), home health care/home DME, and institutional pharmacies.

Prior to joining Ankura, Mr. Robichaux was a Principal at Deloitte where he led the health care corporate restructuring industry practice. Prior to his role at Deloitte, Mr. Robichaux was Co-Managing Member and Managing Director at a national boutique crisis management and restructuring firm. Prior to entering the corporate restructuring field, Mr. Robichaux served in both financial and operating capacities at Kaiser Permanente and the long-term care and senior living industries.

Mr. Robichaux earned an MBA from the Mays Business School at Texas A&M University and a BBA from Austin Peay State University.

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Roy Gallagher

Senior Managing Director

Ankura Consulting Group

1 North Wacker Drive, Suite 1950, Chicago, IL 60606
roy.gallagher@ankuraconsulting.com
Main: +1.312.252.9503
Mobile: +1.773.213.1942

Education

BS, Accounting, University of Notre Dame

Certifications

Certified Public Accountant (license not active)

Affiliations

Turnaround Management Association

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Roy Gallagher is a Senior Managing Director in Ankura Consulting Group’s Turnaround & Restructuring group based in Chicago, IL. Mr. Gallagher has almost 20 years of experience in restructuring, finance, and accounting. Mr. Gallagher has been involved in all aspects of corporate turnarounds, financial restructurings and distressed M&A transactions having served as an advisor to both companies and creditors as well as having spent the last decade at a private equity fund investing in distressed debt.

Prior to joining the Ankura Consulting Group, Mr. Gallagher worked at Black Diamond Capital Management (Black Diamond). Black Diamond has approximately $8 billion in assets under management across the company’s three business lines: Control Distressed/Private Equity, Hedge Fund and CLOs. Mr. Gallagher managed a portfolio crossing each line of business with an emphasis on distressed debt investing. In his time at Black Diamond, he was involved in numerous turnarounds and restructurings in various industries, including: Automotive, Aerospace and Defense, Building Products, Food Products, Home Furnishings, Industrial Metals, and Oil and Gas.

Prior to joining Black Diamond, Mr. Gallagher worked at Ernst & Young Corporate Finance LLC in their Transaction Advisory Group focused on providing strategic and financial advisory services to both companies and creditors in distressed situations. Mr. Gallagher was involved in numerous restructuring engagements including: Venture Industries, ANC Rental Car, Chart Industries, Friede Goldman Halter, PSINet and ABC NACO.

Prior to joining Ernst & Young Corporate Finance LLC, Mr. Gallagher began his career at Ernst & Young LLP.

Mr. Gallagher received his BS with a concentration in Accounting from the University of Notre Dame.

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Russell Perry

Managing Director

Ankura Consulting Group

15950 Dallas Parkway, Suite 750, Dallas, TX 75248
russell.perry@ankuraconsulting.com
Mobile: +1.817.797.3943

Education

MBA, Mays Business School at Texas A&M University
BS, Texas A&M University

Certifications

Chartered Financial Analyst, CFA Institute
Certified Insolvency & Restructuring Advisor (CIRA), AIRA

Affiliations

DFW Chapter of the Turnaround Management Association
American Bankruptcy Institute
CFA Institute, DFW Society
Association of Insolvency & Restructuring Advisors
Former Board Member, Treasurer, DFW Association of Young Bankruptcy Lawyers
Former Business Division Liaison of the Young Lawyers Committee of the Bankruptcy Law Section of the State Bar of Texas

Honors & Awards

M&A Advisor’s 2016 Emerging Leaders Award
Turnaround Atlas Award’s Energy & Services Restructuring of the Year for 2016
M&A Advisor’s Reorganization of the Year for 2014 (under $1 billion)

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Russell Perry is a Managing Director at Ankura Consulting Group based in Dallas, TX. He has more than a decade of experience across complex financial situations involving distressed companies, with an emphasis on the US healthcare market. Mr. Perry’s financial advisory experience spans financial statement analysis, financial projection development, liquidity and cash management, M&A support, stakeholder negotiations, balance sheet recapitalization / restructuring, DIP financing / sourcing, and bankruptcy preparation. His current and former clients include private and public companies, not-for-profit institutions, equity sponsors, secured and unsecured creditors, bond insurance companies, bond holders, and other related parties.

Mr. Perry’s professional experience includes:

$1.5 Billion, 1,600 bed Integrated Health Care System – Retained as restructuring advisor in preparation of a potential Chapter 11 filing, which was avoided via a $100M private equity cash infusion and debt restructuring. Then retained as Interim VP Treasurer and restructuring advisor to assist management navigate through the post-transaction operational and financial transformation.

Dune Energy – Served as financial advisor to a $50 million gulf-coast focused exploration and development company to analyze and evaluate reorganization alternatives, ultimately leading to a Chapter 11 reorganization plan. Dune Energy’s Chapter 11 Plan or Reorganization and sale of assets to White Marlin Oil & Gas, Co, was awarded the 2016 Energy & Services Restructuring of the Year by the Turnaround Atlas Awards.

University General Health Systems – Served as financial advisor to distressed physician-owned hospital in connection with its restructuring efforts and negotiations with the senior secured lender.

Brookstone Inc. – Served as pre- and post-petition restructuring advisor to the $500 million retailer providing financial advisory services across DIP sourcing / structuring, M&A diligence and support, cash management, financial modeling, bankruptcy administration, and lender/bondholder negotiation support. Brookstone’s assets were sold to a Chinese consortium through a § 363 sale process.

Velti Inc. – Retained by the board of directors to assist $150M international mobile marketing technology company through its UK/US/India private equity transaction. Velti’s core assets were ultimately purchased by GSO Blackstone through a § 363 sale process. Velti’s restructuring and sale was selected as the 2014 Chapter 11 Reorganization of the Year (under $1 billion) by the M&A Advisor Turnaround Awards.

Virginia United Methodist Homes of Williamsburg Inc. (CCRC) – Retained as restructuring advisor prior to and during the companies’ Chapter 11 restructuring, to assist and advise management of the debtor with its bondholder negotiations, financial forecasting, DIP financing negotiations, liquidity management, claims management, and broad-based bankruptcy administrative reporting.

The Clare at Water Tower / Franciscan Communities St. Mary of the Woods (CCRC) – Retained as restructuring advisor to two portfolio CCRCs – a 53-story luxury high-rise located in downtown Chicago and an award-winning rural Ohio-based facility assisting the debtors and its legal counsels with full service restructuring advisory, including pre-petition creditor negotiations, cash flow forecasting, § 363 M&A due diligence support, and broad bankruptcy administrative support. Currently servicing as post-confirmation plan administrator.

Physician-owned Hospital in the Southwest – Retained by the board of directors to perform chief restructuring officer (CRO) services in connection with this 26-bed, specialty acute care facility.

Large Hospital System in New Jersey – Retained by the secured bond insurers in connection with the system’s successful out-of-court operational restructuring and turnaround.

Forum Health – Retained by the board of directors to construct a fully integrated three statement projection model, with emphasis on short-term liquidity needs such as pension payments, corresponding pension contributions and upcoming debt obligations. Projections facilitated ultimate restructuring of the system.

Fairview Ministries Inc. (CCRC) – Retained as restructuring advisor to the secured lender of a Chicago-area not-for-profit operator of a CCRC and assisted living facility. Prepared multiple financial analyses and models, including fair market valuation.

Falcon Steel – Retained by the Official Committee of Unsecured Creditors to assist with its negotiations and preparations of the terms of the Chapter 11 plan, and advise the committee as to the feasibility of the debtors’ projections.

Sumner Regional Health Systems Inc. – Retained by Sumner County, Tennessee to provide valuation and restructuring advisory services.

Retained to provide expert report and testimony regarding cram-down interest rate (based on In re Till vs. SCS Credit Corp. ruling), feasibility, and plan terms in numerous Chapter 11 matters.

Prior to joining Ankura, Mr. Perry was a Senior Vice President in Deloitte CRG’s health care corporate restructuring industry practice. Prior to his role at Deloitte, Mr. Perry was a Principal at a national boutique crisis management and restructuring firm, and has experience in corporate finance/accounting positions within the biotechnology sector and various roles across investment/commercial banking.

Mr. Perry earned his Bachelor of Science from Texas A&M University, and his MBA from the Mays Business School at Texas A&M University. Mr. Perry also holds the Chartered Financial Analyst (CFA) and Certified Insolvency and Reorganization Advisor (CIRA) designation, as well as inactive NASD licenses 7, 65, and 63.

Mr. Perry is the recipient of The M&A Advisor’s 2016 Emerging Leaders Award. He is the former board member and treasurer of the DFW Association of Young Bankruptcy Lawyers; member of Young Lawyers Committee of the Bankruptcy Law Section of the State Bar of Texas, CFA Institute, American Bankruptcy Institute, Turnaround Management Association, and the Association of Insolvency & Restructuring Advisors.

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Juan Carlos Batlle

Senior Managing Director

Ankura Consulting Group

San Juan, Puerto Rico
juancarlos.batlle@ankuraconsulting.com
Main: +1.787.705.3925

Education

BA, Economics, University of Michigan

Affiliations

PR Public Private Partnership Authority (Chairman) (2011-2012)
Economic Development Bank for PR (Chairman) (2011-2012)
PR Industrial, Tourist, Educational, Medical and Environmental Facilities Financing Authority (Chairman) (2011-2012)
PR Tourism Development Fund (Chairman) (2011-2012)
PR Industrial Development Company (Director) (2011-2012)
PR Housing Finance Authority (Director (2011-2012)
PR Employees Retirement System (Director) (2011-2012)
PR Teacher’s Retirement System (Director) (2011-2012)
PR Convention Center District Authority (Director) (2011-2012)
PR Tourism Company (Director – Private Sector Representative) (2009-2011)
PR Hotel Development Corporation (Director – Private Sector Representative) (2009-2011)
PR Homebuilders Association (2013 – )

Languages

Spanish – fluent

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Juan Carlos Batlle is a Senior Managing Director at Ankura Consulting Group and is based in Puerto Rico. Mr. Batlle has 20 years of experience in the financial services industry and has demonstrated team leadership in the public and private sectors. He has occupied senior positions within Santander Group, private real estate investment companies and the Government of Puerto Rico. His areas of expertise include public finance, municipal capital markets, investment banking, asset management, securities brokerage and distressed debt management. Throughout his career, he has worked on infrastructure, energy, hospitality and real estate financings and has also had senior level experience in developing and implementing economic development initiatives fiscal plans in Puerto Rico.

Since 2013, he worked as a Senior Managing Director for CPG Island Servicing, LLC in San Juan, PR, managing a distressed commercial real estate debt portfolio.

In 2011, Mr. Batlle was appointed as President and Vice-Chairman of the Government Development Bank for Puerto Rico (GDB). Through GDB, Mr. Batlle and his team served as the government’s financial advisor, fiscal agent, capital markets and investor relations coordinator and principal lender, tasked with the responsibility of providing continuity to Governor Luis G. Fortuño’s fiscal plan and protecting Puerto Rico’s credit ratings during a challenging economic and fiscal period with increased political pushback resulting from the Island’s extended general election cycle. Mr. Batlle and his team were successful in maintaining Puerto Rico’s investment grade credit ratings and market access. Among his principal achievements are the execution of financing plans for public corporations, the central government, its agencies and instrumentalities, implementing initiatives to promote and support financing programs for small and medium-sized businesses, implementing a fuel procurement process for the Puerto Rico Electric Power Authority and the successful completion of landmark P3 transactions.

More recently, as part of his involvement in connection with the legislative process leading to PROMESA, Mr. Batlle testified before the US Congress (Subcommittee on Oversight and Investigations, Committee on Financial Services) on the Puerto Rico fiscal crisis and its impact on the bond markets.

As Chairman of the Puerto Rico Public Private Partnership Authority, he oversaw the execution of the three landmark transactions completed to date under the Puerto Rico Public Private Partnership Act of 2009, namely:

  • PR-22/PR 5: 40-year concession of a major toll road with a total investment of $1.4 billion.
  • Public Schools Modernization Program (Schools for the 21st Century): Renovation and modernization of 100 public schools financed through the issuance of $756 million in Qualified School Construction Bonds authorized under the American Recovery and Reinvestment Act of 2009.
  • Luis Muñoz Marín International Airport: Substantially completed the concession of Puerto Rico’s main international airport – the first international airport privatized under the FAA’s Airport Privatization Pilot Program, that included total consideration of $2.6 billion over the life of the concession.

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Jorge L. San Miguel

Senior Managing Director

Ankura Consulting Group

San Juan, Puerto Rico
jorge.sanmiguel@ankuraconsulting.com
Main: +1.787.705.3924

Education

JD, Georgetown University Law Center
BBA in Finance, Texas Christian University

Affiliations

American Bar Association, Section of Natural Resources, Energy and Environmental Law
American Bankruptcy Institute (ABI)
Puerto Rico Manufacturers Association
– Environmental Committee
– Energy Committee
Puerto Rico Chamber of Commerce
– Energy and Water Committee
– Environment, Infrastructure and Permits Committee
Association of Renewable Energy Producers
Interamerican Association of Sanitary Engineers and Environmental Sciences – PR Chapter (AIDIS-PR)
Puerto Rico Conservation Trust, Advisory Council Chair (2010-2015)
Center for Economic Renewal, Growth and Excellence – Founding Board Member, 2013 – present

Languages

Spanish – fluent

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Jorge L. San Miguel is a Senior Managing Director at Ankura Consulting Group, based in Puerto Rico. For over 25 years, he has specialized in environmental law and litigation, energy, land use and permitting matters and government/regulatory affairs. He has represented businesses in all types of proceedings involving environmental issues before the U.S. Environmental Protection Agency, the Puerto Rico Environmental Quality Board, the Puerto Rico Department of Natural and Environmental Resources, and the Puerto Rico Aqueduct and Sewer Authority.

He was most recently a Capital Member of Ferraiuoli, LLC, in San Juan, P.R., where he was Chair of the firm’s Energy and Environmental Law Practice Group, and Co-Chair of the Government and Legislative Affairs Practice Group.

Mr. San Miguel has been involved in numerous energy infrastructure projects and cases, successfully representing clients on compliance and expansion matters before government agencies, on project development planning and execution and advocacy before legislative bodies (local and federal), the PREPA and others. Relevant projects include petroleum terminal facility infrastructure (ExxonMobil, Shell, Puma Bayamon Terminal Facility), alternate renewable energy project development (Energy Answers Arecibo, LLC Resource Recovery Facility), renewable energy projects (Ridgeline Energy LLC/Atlantic Power – Solar; Aspenall Energies LLC – Wind); LNG combined cycle power plant proposal (Siemens Energy, Inc./Puma Energy).

In 2009, Mr. San Miguel helped lead a team that drafted Puerto Rico’s Permits Process Reform Act Bill, with Puerto Rico’s Department of Economic Development and Commerce. The significant permitting changes helped increase private investment and economic growth.

On the Government/Regulatory affairs front, Mr. San Miguel chaired and co-chaired the 2008 and 2012 Platform Committees for Governor Luis Fortuño, respectively. At the national level, he served in the 2012 and 2016 Republican Party Platform Committee, also as a member of that platform’s subcommittee on Energy, Agriculture and the Environment.

As part of his government and legislative affairs experience, on January 12, 2016, Mr. San Miguel testified before the U.S. Congress (Subcommittee on Energy and Mineral Resources, House Committee of Natural Resources) on the Puerto Rico crisis and the matter of “Exploring Energy Challenges and Opportunities Facing Puerto Rico.” He has worked on related policymaking, permitting, regulatory, restructuring and economic development matters before the U.S. Congress, federal agencies and the Executive and Legislative branches of both State and Municipal governments. He has worked on matters related to Puerto Rico’s fiscal and economic crisis and Congressional involvement under PROMESA, infrastructure conditions and resulting environmental impacts and opportunities for investment and economic growth initiatives.

Professional Recognitions

  • Recognized in the 2015 Latin America Edition of Chambers & Partners as a Leading Individual in Environmental Law
  • Recognized by Best Lawyers® International, an organization with a Board of Advisors comprised of leaders from the world’s leading law firms and General Counsel of Fortune 500 and Global 500 companies, as a Best Lawyer® in Puerto Rico for Corporate and M&A Law (2013-2015)
  • Best Lawyers® Lawyer of the Year Corporate and M&A Law 2014

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Michael Miller

Managing Director

Ankura Consulting Group

15950 Dallas Parkway, Suite 750, Dallas, TX  75248
michael.miller@ankuraconsulting.com
Main: +1.214.200.3680
Mobile: +1.615.604.2285

Education

BS, Economics, University of Texas at Arlington
MBA, Management, University of Dallas

Affiliations

Member, Turnaround Management Association
Member, American Bankruptcy Institute
Member, American Health Lawyers Association
Member, Healthcare Financial Management Association

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Michael Miller is Managing Director at Ankura Consulting Group, located in the Dallas, TX office. He has over 30-years of health care management experience that includes hospitals, long-term acute care hospitals (LTAC), skilled nursing, rehabilitative units, psychiatric units, ambulatory care clinics, and durable medical care (DME). Mr. Miller is an experienced chief executive officer (CEO), chief operating officer (COO), and chief financial officer (CFO) at the corporate, regional, and local levels. Mr. Miller’s experience includes not-for-profit and for-profit arenas, including leadership in a large publicly traded hospital corporation and academic medical centers.

Mr. Miller has expertise in assisting distressed businesses attain a position of strategic, operational, and financial stability. His operational expertise is focused on leading and operating an efficient hospital in a fiscally responsible manner, with a strong adherence to clinical quality, patient satisfaction, and physician partnering.

Mr. Miller’s highlighted engagements include:

  • Retained as CRO for physician owned for-profit surgical hospital prior to filing chapter 11 bankruptcy. Mr. Miller guided the organization through the bankruptcy process, and sold the hospital operations in a 363 sale.
  • Interim CEO and deputy CRO for a nationally recognized academic medical center hospital which achieved $150 million financial improvement over a 36-month period.
  • Retained by hospital system as interim CEO to provide turnaround management for operational, and state / federal regulatory compliance.
  • Retained to assess and make recommendations regarding the reorganization and operational turnaround of a $2.5 billion-dollar multi-facility system.

Prior to joining Ankura, Mr. Miller was a Senior Manager at Deloitte where he was a member of the healthcare corporate restructuring practice. Prior to entering the field of healthcare provider industry consulting, Mr. Miller’s industry experience included positions such as Vice President of Group Operations for Community Health Systems, CEO of two acute-care hospitals for IASIS Healthcare, CEO of a three-hospital (two acute-care and one psychiatric care) market for Columbia/HCA, and CFO of a hospital (acute-care, rehabilitation, and psychiatric distinct part hospital) in Texas.

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Paul Crisalli Jr.

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor New York, NY 10017
paul.crisalli@ankuraconsulting.com
Main: +1.646.291.8554
Mobile: +1.917.363.2664

Education

BS, Finance, Boston College Carroll School of Management

Certifications

Certified Insolvency & Restructuring Advisor (CIRA)

Affiliations

Association of Insolvency & Restructuring Advisors
Association for Financial Professionals

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Paul Crisalli, Jr. is a Senior Managing Director at Ankura Consulting Group, located in the New York office. Mr. Crisalli has over eighteen years of experience assisting clients with complex financial and operational transformations. Mr. Crisalli has provided advisory services to various constituencies regarding in-court and out-of-court restructurings, business plan assessments, strategy, budgeting and forecasting, financial planning and analysis, treasury, due diligence and other financial performance improvement services.

Prior to joining Ankura, Mr. Crisalli worked in FTI’s Office of the CFO Solutions practice (FTI OCFO) with a focus on Finance Performance Management and Treasury Solutions. As part of FTI OCFO, Mr. Crisalli led teams that assisted corporate clients with budgeting, forecasting, long-term strategic planning, corporate treasury, data analytics, capital allocation and financing decisions.

Prior to joining FTI OCFO, Mr. Crisalli spent twelve years in FTI’s Corporate Finance and Restructuring practice where he advised clients across a variety of industries including insurance, chemicals, automotive, financial services, healthcare, retail and consumer products. Select past engagements include Kodak, LyondellBasell, Delphi, a multi-billion-dollar global tire and rubber company, Ambac, MBIA, CIFG, Syncora, ACA, BluePoint RE, Zenta, NexCen, 2-10 HBW, Refco, AAI Pharma, Le Gourmet Chef and Crown Pacific Partners.

Mr. Crisalli has also advised several global financial institutions through complex transactions involving counterparty credit default swap exposure, due diligence, financial modeling and agreed upon procedures related to esoteric asset and whole-business securitizations.

Prior to joining FTI, Mr. Crisalli spent four years in the Business Recovery Services practice of PricewaterhouseCoopers where he provided financial advisory services to corporate clients and financial institutions involved in turnaround and restructuring transactions. His engagements included Kindred Healthcare (f/k/a Vencor, Inc.), Senior Living Properties, HealthSouth, USA Floral Products, Dairy Mart and the sale of PricewaterhouseCoopers Consulting to IBM.

Mr. Crisalli holds a BS in Finance from Boston College’s Carroll School of Management and is a Certified Insolvency & Restructuring Advisor.

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Scott Rinaldi

Scott A. Rinaldi

Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington DC 20036
scott.rinaldi@ankuraconsulting.com
Main: +1.202.507.5499

Education

MBA, Indiana University
BS, Florida State University

Affiliations

Association of Insolvency and Restructuring Advisors
Turnaround Management Association

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Scott Rinaldi is a Managing Director in the Turnaround & Restructuring practice at Ankura Consulting Group and located in the Washington, DC office. Mr. Rinaldi has more than 19 years of experience providing strategic, operational, managerial and financial solutions to distressed companies, as well as creditors in both in- and out-of-court restructurings. He has broad experience including engagements in the financial services, airline, retail, real estate, technology, funeral services, not-for-profit and manufacturing (paper products, telecommunications, industrial equipment, print fulfillment) industries.

Mr. Rinaldi’s professional experience includes:

  • Peabody Energy Corporation – Served as team lead with respect to all pre-petition operational preparation activities including but not limited to the chapter 11 voluntary petitions, first day motions/orders, first day declaration, and operational readiness including internal training materials for a bankruptcy filing that included more than 150 individual debtor entities. Led the engagement team that was responsible for assisting the debtors in navigating the bankruptcy process including the preparation of monthly operating reports, preparation of the statements and schedules, implementing processes to determine assumption or rejection of executory contracts and the reconciliation of claims, among other tasks.
  • RadioShack Corporation – Served as team lead with respect to all pre-petition operational preparation activities. After filing assisted the debtors in navigating the bankruptcy process including but not limited to complying with all bankruptcy related reporting requirements, rejecting store leases and vacating in excess of 2,000 store locations, determining executory contract to be rejected and assisted in the development of a transition services agreement, assisted with the development of the plan of reorganization and disclosure statement including the claims estimation and liquidation analysis.
  • Caribbean Petroleum Liquidation Trust – Responsible for all day to day activities associated with the Caribbean Petroleum Liquidation Trust. Tasks include overseeing and managing former debtor staff focused on the wind down of all business activities, reconciling and resolving approximately $7 billion of claims and making distributions to creditors holding allowed claims, and reporting activities of the Trust to all constituent groups including the bankruptcy court.
  • Rex Ventures Group, LLC – Financial advisor to the Receiver of a Ponzi scheme that involved in excess of 2 million individual unique users (approximately 1 million users paid money into the scheme) and assisted in the development and implementation of a claims reconciliation protocol to review, reconcile and resolve filed proofs of claim.
  • Arcapita Bank BSC – Assisted the FTI engagement team with respect to claims resolutions and distributions pursuant to the plan of liquidation.
  • MF Global Holdings, Ltd. – Served on the engagement team advising the Chapter 11 Trustee of MF Global Holdings, Ltd. and certain of its wholly owned subsidiaries. Assisted the Debtors in navigating the bankruptcy process including the development of plan of liquidation confirmed by the bankruptcy court.
  • SDNY Receivership – Served as financial advisor to the Receiver of a cash management business seized by the government after a theft of $50 million was discovered. Assisted in the orderly closure of the business including the sale of two viable entities and disposition of all other assets through bankruptcy. Lead the engagement team responsible for all aspects of the voluntary bankruptcy filings.
  • A representative list of companies that are part of his extensive corporate finance experience include: MF Global Holdings, Ltd., WCI Communities, Inc., Pope & Talbot, Inc., US Airways, Inc., Aloha Airgroup, Inc., Footstar, KB Toys, Jacobson Stores, American Tissue, Inc., Tokheim Corporation, SGL Carbon Corporation, The Loewen Group, Cosmetic Center, White Oak Plantation and Walker Digital.

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Josh Damon

Senior Managing Director

Ankura Consulting Group

1 North Wacker Drive, Suite 1950, Chicago, IL 60606
josh.damon@ankuraconsulting.com
Main: +1.312.252.9504
Mobile: +1.773.580.9084

Education

BS, Finance, Miami University, Oxford, OH

Affiliations

Board Member, Open Books, LLC

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Josh Damon is a Senior Managing Director in the Turnaround & Restructuring practice at Ankura Consulting, based in Chicago. Mr. Damon has over 15 years of experience operating, advising and investing in companies across a number of industries and stages. Mr. Damon specializes in developing and executing operational improvements, strategic plans and turnaround services for companies and their investors. Mr. Damon leverages his experience as a C-Level executive, private equity investor and turnaround advisor to provide his clients solutions to drive meaningful improvements in financial and operational performance.

Prior to joining Ankura, Mr. Damon was the Chief Financial Officer at Uptake Technologies, where he built, managed and scaled the finance, planning, recruiting and HR functions of the 600-person software company. Mr. Damon collaborated with the senior executive team and Board of Directors to develop the 1, 3 and 5-year strategic financial plan and established all processes for financial closing, pricing and operational reporting.

Mr. Damon was also Chief Financial Officer at Networked Insights, a marketing analytics software firm. At Networked Insights, Mr. Damon was responsible for managing all financial, sales, people and operating functions of the venture-backed organization. Mr. Damon led two successful fundraising rounds, raising over $18 million in equity capital, and developed and managed the operational and financial framework for measuring, analyzing and optimizing the growth of the organization.

Previously, Mr. Damon was a Director at Torch Lake Capital Management, LLC/Hilco Equity, a middle-market Private Equity fund focused on lower middle-market special situations. He was responsible for sourcing, executing and managing equity investments in middle-market companies, with a specific focus in distressed, underperforming or growth opportunities and investments ranged from $5-20MM in companies with $25-250M in revenue. Mr. Damon also served as Vice President of AlixPartners, LLC, where he provided interim management and turnaround services for numerous companies during in & out-of-court restructurings.

Additional Relevant Professional Experience:

  • Investor and advisor for a $250 million vertically-integrated branded natural meat company
  • Investor and Interim CFO for a $75 million baked goods company
  • Interim Treasurer and Advisor to the Board of Directors for Confidential Promotional Products manufacturer, with over $500 million in revenue and 9 operating facilities
  • Interim Treasurer and Debtor Advisor for Latin American Telecom provider, restructuring over $200 million in Secured Debt
  • Advisor to $10 Billion+ retailer in the Negotiations and Restructuring of $1+ Billion unsecured claims

Mr. Damon holds a Bachelor of Science from Miami University, with a focus in Finance and Information Systems.

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David Sawyer

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
david.sawyer@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.203.349.1926

Education

BS, Finance, Georgetown University

Certifications

Former holder of Series 7

Affiliations

Turnaround Management Association
American Bankruptcy Institute

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David Sawyer is a Senior Managing Director in Ankura Consulting Group’s Turnaround & Restructuring Practice, based in New York, NY. He has over 25 years of experience in global financial markets, including extensive experience in restructuring and turnaround situations. He has spent time as both a distressed debt and special situations investor at a hedge fund as well as serving as the global head of a workout and restructuring group at a major international financial institution.

Mr. Sawyer has played an active role, as a principal across multiple creditor classes, in turnaround and/or restructuring situations for companies across a broad range of industries, including real estate, and around the globe. Mr. Sawyer has demonstrated strong leadership skills and has a proven track record of building and developing organizations, teams and cultures within both distressed and growing organizations. Through his participation on distressed company boards and by leading organizations, he has proven himself as a change agent through successful strategy development and implementation.

Prior to joining Ankura, Mr. Sawyer was the Global Head of Portfolio, Counterparty Credit and Workout & Restructuring at Barclays. In this role, he managed more than 150 people and over $6 billion of distressed principal positons, including post-restructured equity, around the world. Mr. Sawyer spent several years at Silver Point Capital, a hedge fund in Greenwich, CT, before joining Barclays. At Silver Point, he ran the firm’s Restructuring and Portfolio Group, which was responsible for leading the restructuring and workout activities across the firm, including active participation on creditor committees, and managing the firm’s $3 billion private financing portfolio. He was also a member of Silver Point’s Distressed Private Equity Group focused on obtaining control equity positions though restructurings and debt conversions. In this role, Mr. Sawyer was responsible for the execution of the restructuring process, the transitional efforts from debt to equity ownership, and the operational strategy and activities post ownership.

Prior to joining Silver Point, Mr. Sawyer was a Director at Credit Suisse in their workout group with a focus on Media & Telecom and Energy, and before that held various roles in the risk departments of Societe Generale and HSBC focused on leverage lending.

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Lee Isaac

Isaac Lee

Managing Director

Ankura Consulting Group

633 West Fifth Street, 28th Floor, Los Angeles, CA 90071
isaac.lee@ankuraconsulting.com
Main: +1.213.223.2109
Mobile: +1.917.796.0044

Education

MBA, Tuck School at Dartmouth College
BS, Business Administration-Finance, University of Southern California

Certifications

NASD Series 7 and 63 (inactive)

Affiliations

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

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Isaac Lee is a Managing Director in the Turnaround & Restructuring practice at Ankura Consulting Group, based in Los Angeles. He has over 20 years of experience executing a broad range of recapitalization, restructuring, M&A, and corporate finance transactions as well as advising on operational restructuring and liquidity management initiatives. He has significant experience advising various constituencies including companies, debtors, lenders, creditors, financial sponsors and hedge funds in both out-of-court and in-court situations.

Prior to joining Ankura, Mr. Lee was the Western Region Market Leader for PricewaterhouseCooper’s restructuring group where he was responsible for senior execution of advisory engagements including developing and negotiating restructuring plans, running sale auctions, and advising on operational restructuring and liquidity management initiatives. His experience also includes preparing business plans, projections, liquidation analyses, strategic alternatives, and analyses of creditor claims and recoveries.

Prior to PwC, he was in the Recapitalization & Restructuring Group at Moelis & Company, an investment banking advisory firm. Mr. Lee was responsible for deal execution including structuring and negotiating recapitalization, restructuring, M&A and financing transactions. He advised a variety of clients including management teams, board of directors, financial sponsors, distressed hedge funds, senior lenders and creditor committees. Mr. Lee’s experience also included preparing cash flow projections, business plans and valuations, providing court testimony and managing client relationships.

His restructuring and investment banking experience include positions at Jefferies, Donaldson Lufkin & Jenrette, Salomon Smith Barney and Chanin & Company. Mr. Lee’s experience also includes private equity at the Kenwood Opportunity Fund.

Mr. Lee holds a MBA from the Tuck School of Business at Dartmouth College and a BS in Business Administration from the University of Southern California, magna cum laude, with an emphasis in Finance and a minor in Political Science. He is a member of the American Bankruptcy Institute, the Association of Insolvency & Restructuring Advisors, and the Turnaround Management Association.

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Roy Ryan

Ryan M. Roy

Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
60 State Street, Suite 700, Boston, MA 02109
ryan.roy@ankuraconsulting.com
Main: +1.617.878.2112
Mobile: +1.646.528.4393

Education

BS, Finance, Fordham University, summa cum laude

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Ryan M. Roy is a Managing Director in Ankura Consulting Group’s Turnaround & Restructuring Practice and is based in New York, NY. He has more than 15 years’ experience in the global financial industry, with a focus on restructuring, turnaround and special situations, as well as structured products.

Mr. Roy has held active roles across multiple creditor classes as a principal both leading and actively participating in bankruptcies and out-of-court restructurings related to companies in a broad range of industries, including energy, industrials, retail, telecom and financial services. His professional experience in turnaround includes participation at the Board level of reorganized companies across several industries where he, again as a principal, was active in developing and implementing strategies that were value-maximizing for stakeholders.

Before joining Ankura, Mr. Roy spent over nine years with Barclays Bank PLC, where he held leadership roles in both the Credit Restructuring and Advisory/Special Situations and the Global Financial Risk Management – Structured/Complex Products groups. As a Director of the Credit Restructuring and Advisory/Special Situations group, he managed over $1 billion of distressed and special situation principal positions, including positions in: several US-based Oil and Gas exploration and production companies, including a Haynesville-focused E&P that filed for Ch. 11, through which Mr. Roy was active in every aspect of the case from negotiating economic splits among creditor constituencies to post-reorg governance issues and developing turnaround strategy; a multibillion-dollar international bankruptcy where Barclays was the chair of the official committee of unsecured creditors and Mr. Roy was part of a small team which lead settlement negotiations related to intra creditor and post-reorganization governance issues; and the management of a £400 million portfolio of minority interests in European middle market corporates, which included the exploration of a portfolio sale. Mr. Roy was also involved in the development and execution of strategies for the purposes of protecting and optimizing Barclays balance sheet, which included managing related sales processes.

Prior to his role in the Credit Restructuring and Advisory/Special Situations group, Mr. Roy performed risk analysis on structured and complex transactions managing a portfolio of over $20 billion exposure across various asset classes and sectors and was a key deal member in structuring and managing one of the largest loans ever made by Barclays, a loan of $12.6 billion. He joined Barclays in 2008 from Bank of America, where he spent five years in New York and London focused on equity derivatives, fixed income derivatives and structured products risk management. Before joining Bank of America, Mr. Roy began his career as an analyst with Lehman Brothers.

Mr. Roy received a Bachelor of Science in Finance, with minors in Economics and Philosophy, from Fordham University, graduating summa cum laude.

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Jay Squiers

Jay D. Squiers, CFA

Managing Director

Ankura Consulting Group

15950 Dallas Parkway, Suite 750, Dallas, TX 75248
jay.squiers@ankuraconsulting.com
Mobile: +1.469.878.3434

Education

JD with Honors, University of Texas School of Law
AB, magna cum laude, Princeton University

Certifications

Chartered Financial Analyst (CFA), September 1997

Affiliations

CFA Institute
AIRA

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Jay Squiers is a Managing Director in Ankura Consulting Group’s Turnaround & Restructuring Practice, based in Dallas, TX. He has over 30 years of experience in investment roles covering the whole gamut of institutions and securities. His experience includes senior roles as the lead investor in both consensual restructurings and bankruptcies. Mr. Squiers has extensive experience in the energy industry from exploration & production to mid-stream and refining to power generation and distribution.

As a long time investment professional, Mr. Squiers has held senior roles at a commercial bank, a private equity fund, a hedge fund, the investment group of an insurance company, an equipment finance group, a business development company and as a director of a public company after beginning his professional career as an attorney at a law firm and later in an in-house role. As a result, Mr. Squiers has experienced firsthand the role of virtually every stakeholder in a turnaround situation. Over the years, Mr. Squiers has consistently demonstrated an energic and positive attitude working to establish consensus on the full range of transactions from new financings to restructurings and refinancings and forging strong relationships among a wide range of professionals and institutions.

Prior to joining Ankura, Mr. Squiers was a Managing Director and Chief Financial Officer of Petro Capital Energy Funds, a Dallas-based private equity and credit investment group focused on investments in smaller oil & gas exploration and production and oil field service companies. In this role, he was responsible for new investments and managing existing investments as well as overseeing the preparation of funds books and records.

Prior to Petro Capital, Mr. Squiers was the Managing Director of Equipment Finance at Alliance Partners, a start-up finance company dedicating to providing a bridge between the capital markets and community banks. Mr. Squiers was responsible for establishing the equipment finance operation at Alliance and managing the team’s origination efforts.

Prior to Alliance, Mr. Squiers was the Executive Vice President/Chief Operating Officer at CSG Investments, the investment division of the Beal Banks. In this role, Mr. Squiers managed more than 50 people and was responsible for more than $2 billion of investments in a wide range of senior secured securities, including syndicated loans, high yield bonds, RMBS, commercial mortgages and DIP financings. The vast majority of these investments were purchased at a significant discount to par. During his tenure at CSG, Mr. Squiers served as the lead negotiator for the senior secured lenders in the Trump Atlantic City bankruptcy. In addition, he established and served as the head of the Shared Loss Committee with responsibility for managing and reporting to FDIC with respect to the commercial and residential loan portfolios of two failed banks.

Mr. Squiers served for 10 years as a Director of Pace Oil & Gas, Ltd., a Calgary-based publicly traded E&P company, and its predecessor company, Midnight Oil Exploration, Ltd.

Earlier in his career, Mr. Squiers served as a Managing Director in the Special Opportunities Fund of Fortress Investment Group; a Principal in the Energy Group of American Capital Securities, and a Senior Vice President in the Dallas office of Prudential Capital Group. Prior to his role as an investment professional, Mr. Squiers served as an Assistant General Counsel for Prudential Capital and he began his professional career as an Associate in the Corporate Securities section of Hughes & Luce, a Dallas based law firm, which included working on Ross Perot’s investment in NeXT, Inc., a start-up founded by Steve Jobs.

Mr. Squiers earned his AB magna cum laude in Economics at Princeton University and a JD with Honors from the University of Texas School of Law.  Mr. Squiers obtained a Chartered Financial Analyst designation following his move to an investment role.

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Evelyn Ni

Evelyn Ni

Managing Director

Ankura Consulting Group

1 North Wacker Drive, Suite 1950, Chicago, IL 60606
evelyn.ni@ankuraconsulting.com
Main: +1.312.252.9506
Mobile: +1.917.291.0766

Education

MBA, Finance, The Wharton School, University of Pennsylvania
BA, Economics and Asian Studies, Cornell University

Languages

Conversational Mandarin

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Evelyn Ni is a Managing Director in Ankura Consulting Group’s Turnaround & Restructuring group, located in the Chicago office. She has more than 15 years of experience advising and leading global private and public companies through periods of transition, both in and out of court. Her specialties include the development and execution of operating and strategic plans, creation and overhaul of financial and reporting processes, consolidation of companies as part of a merger and/or acquisition, lender and equity negotiations, and liquidity enhancement.

Prior to joining Ankura, Ms. Ni was the VP of finance, division CFO, at Eastman Kodak Company after spending 12 years as a Director in the Turnaround and Restructuring Services group at AlixPartners. She has advised companies in a variety of industries, including (but not limited to) printing, auto manufacturing, transportation logistics, consumer products, construction, government contracting, promotional products, and casual dining.

Representative engagements include:

  • Eastman Kodak Company Chapter 11 Reorganization and Post-Emergence — Division CFO of Kodak’s Consumer and Film division, where she managed the company’s portfolio of industrial films and chemicals, motion picture films, and consumer products businesses. Prior to joining Kodak, Ms. Ni led the business plan team advising the company through its complex 20-month reorganization process, which included business strategy and portfolio evaluation, asset sales, business wind-down, multiple refinancings, cost reductions, liquidity management, and creditor negotiations.
  • Transportation Logistics Company — Interim treasurer for a $600 million private equity-sponsored company formed from several mergers and acquisitions, with responsibilities including implementing liquidity management and forecasting, establishing cash control policies, and centralizing shared services in the areas of accounts payable, driver settlements, payroll, accounts receivable, and purchasing.
  • General Motors Company Chapter 11 Reorganization — Managed the orderly sale of the real estate portfolio owned by Motors Liquidation Company
  • Government Contractor — Adviser to $300 million protective body armor company, implementing liquidity management and forecasting tools to secure $50 million in new financing.
  • Auto Supplier — Adviser to $200 million Tier 1 auto supplier, implementing liquidity management and forecasting tools for a private equity-sponsored company.

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Jonathan Morrison

Jonathan Morrison

Managing Director

Ankura Consulting Group

1 North Wacker Drive, Suite 1950, Chicago, IL 60606
jonathan.morrison@ankuraconsulting.com
Main: +1.312.252.9512
Mobile: +1.312.925.0759

Education

MBA, Indiana University
BS, Miami University

Certifications

Chartered Financial Analyst

Affiliations

Turnaround Management Association

Honors & Awards

Large Company Turnaround of the Year Award from Turnaround Management Association Chicago/Midwest Chapter

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Jonathan Morrison is a Managing Director in Ankura Consulting Group’s Turnaround & Restructuring group, and is based in Chicago. Mr. Morrison has over 20 years of experience in advisory services, investment banking, and investing. He is skilled at guiding senior executives and corporate boards through periods of transformation and transition — from growth to general underperformance to serious distress. As an adviser, Mr. Morrison has managed a broad range of domestic and international engagements, including corporate restructurings for debtors and creditors, mergers and acquisitions, and capital raisings. He has strong expertise in strategic planning, stakeholder negotiations, store and product rationalizations, asset dispositions, operational restructurings, and management of working capital. Mr. Morrison is frequently engaged for his ability to strike a balance between financial modeling and real-world strategy and planning to move his clients through liquidity issues and other complex situations.

Prior to joining Ankura, Mr. Morrison was a managing director with AEG Partners, a restructuring advisory and crisis management firm in Chicago. He served as an associate director in Macquarie’s Corporate and Asset Finance Group, where he was responsible for sourcing and underwriting fixed income investments. He also served as a director with Giuliani Capital Advisors and its predecessor, Ernst & Young Corporate Finance, where he led teams that advised and assisted middle-market and large corporate clients with restructuring services. Select project experience includes:

  • Crisis management: Serving as interim chief financial officer for a distressed family-run manufacturer in the oil and gas industry, Mr. Morrison was instrumental in shutting down a problem business unit and steering the company through a period of tight liquidity, ultimately leading to an extended forbearance agreement and settling vendor claims at a discount — all outside of bankruptcy. This work resulted in the Large Company Turnaround of the Year Award from the Turnaround Management Association Chicago/Midwest chapter.
  • Corporate turnaround: Advised an international consumer products company through a period of tight liquidity and stakeholder negotiations. Redesigned cash management tools and identified areas for liquidity improvement, including realignment of foreign vendors and reduction in spending levels.
  • Profitability realignment: Advised North America’s largest independently owned producer of specialty paper products relating to an operational and financial restructuring, ultimately leading to the sale of the company via bankruptcy proceeding.
  • Distressed investing: In addition to advisory work, Mr. Morrison was a lead analyst and founding member of Endeavour LLC, a $470 million actively managed distressed debt fund. Mr. Morrison had portfolio responsibility, from asset pricing to the workout and realization of distressed senior debt.

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John Frehse

John Frehse

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
john.frehse@ankuraconsulting.com
Main: +1.212.534.0539
Mobile: +1.415.672.4271

Education

BA, Wake Forest University

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John Frehse is a Senior Managing Director at Ankura Consulting, based in the New York office. He has more than 20 years of experience focused on labor and operations strategy.

Mr. Frehse has developed and implemented strategies for more than 100 companies, and he delivers to corporate leaders innovative labor solutions that incorporate solutions to employee needs. His work has spanned a wide range of industries, including food and beverage, automotive, chemical, electronics, pharmaceuticals, power, call centers, banking/insurance, distribution, telecommunications, mining, government and healthcare.

Mr. Frehse’s professional philosophy is that people are the most valuable resource of every company. His experience has proven that in order to create long-term success, a thoughtful and methodical approach to labor must be created.

Before joining Ankura, Mr. Frehse was a founding partner of Core Practice LLC, an international labor strategies firm. Prior to that, he was head of Global Strategic Services Sales for Blue Pumpkin Software, now known as Verint. His clients included the manufacturer of automobile driveline and drivetrain components and systems, a multinational food manufacturing and processing conglomerate, and a Canadian telecommunications and media company.

Mr. Frehse sits on the board of The Workforce Institute and is a thought leader for its think tank. He is also a member of the advisory board for HR.com’s Workforce Management practice, where he educates management teams on union negotiation strategies and employee engagement methodologies.

His professional experience includes:

  • Labor strategy development for an American specialty storage and
    organization products retail chain, a consistent Fortune 100 “Best
    Companies to Work For,” on warehouse and distribution operations.
  • Restructuring of a Canadian telecommunications and media company’s
    contact center operations, which reduced turnover by more than half in
    the first year and captured over $10 million in labor savings in the first year.
  • Labor and advisory work for several multinational food manufacturing and processing conglomerates.
  • Labor strategy development for various mining operations globally.
  • Cost reduction and performance improvement for one of the largest American department store retail chain’s contact center operations.

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Ethan Franklin

Ethan Franklin

Senior Managing Director

Ankura Consulting Group

1 North Wacker Drive, Suite 1950, Chicago, IL 60606
ethan.franklin@ankuraconsulting.com
Main: +1.312.255.1646
Mobile: +1.312.543.1884

Education

JD, Loyola University Chicago School of Law
MS, Engineering, University of Illinois – Urbana/Champaign
MBA, University of Illinois – Urbana/Champaign
BS, Engineering, University of Illinois – Urbana/Champaign

Certifications

Licensed to practice in the state of Illinois

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Ethan Franklin is a Senior Managing Director at Ankura Consulting, based in the Chicago office. With more than 25 years of experience, Mr. Franklin has focused the past two decades of his professional work on labor and operations strategies.

Mr. Franklin has successfully developed and implemented innovative labor strategies resulting in over $450 million in annual cost savings for over 100 companies. His labor strategies not only improve business results but also dramatically increase employee morale by deliberately incorporating the needs of the workforce. His experience encompasses a diverse range of industries including manufacturing, food and beverage, automotive, chemical, electronics, pharmaceuticals, power, call centers, banking and insurance, distribution, telecommunications, mining, government and healthcare.

Prior to joining Ankura, Mr. Franklin was a founding partner of Core Practice LLC, a leading international labor strategy firm. He was responsible for the successful delivery of all services at the firm. Mr. Franklin led teams to analyze, identify, and deliver labor and operational cost savings. Working with clients’ employees, he uncovered opportunities to increase employee morale and reduce turnover. As general counsel for the firm, he also managed contract negotiations.

Before that, Mr. Franklin served as vice president of delivery for the Workforce Management Practice at Blue Pumpkin Software, now Verint. He recruited, trained, and directed a team of over 20 consultants to deliver successful cost-saving projects. His ability to engage employees while driving cost-saving initiatives is recognized throughout the industry.

Mr. Franklin has extensive experience in both union and nonunion environments. He has prepared numerous management teams for union negotiations, providing them with the required knowledge to understand all potential alternatives as well as their financial implications.

Mr. Franklin believes that a company’s labor process must be as strategic and well-planned as its manufacturing, supply chain or customer service processes. In addition, he knows that people are the most critical part of the labor process, as they will determine whether the entire enterprise will succeed in the long term.

Mr. Franklin’s professional experience includes:

  • Managing over a dozen projects for an international food manufacturer, delivering first-year return on investment of more than 550 percent.
  • Designing and implementing a new labor strategy for a luxury vehicle manufacturing company’s assembly facility, resulting in a capacity increase of 20 percent, lower unit cost, and capital deferment savings. The labor strategy utilized a detailed employee feedback initiative that lowered turnover and helped the client achieve the status of employer of choice for the region.
  • Leading a multistate call center project for a major US bank, resulting in lower costs while driving better customer service. The employee outcome was an ability to choose from a wider variety of scheduling options, which decreased turnover and allowed the client to expand its recruiting pool.
  • Creating a better labor operating strategy for a large Midwestern power utility that decreased costs while increasing service levels and shrinking outage windows.
  • Managing a $1.8 billion capital budget for an American multinational telecommunications conglomerate. The needs of 18 different subsidiaries were balanced with the overall corporate vision to modernize the network to cover expanding customer requirements.

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Roopesh Aggarwal

Roopesh K. Aggarwal

Managing Director

Ankura Consulting Group

200 Union Boulevard, Suite 200, Lakewood, CO 80228
roopesh.aggarwal@ankuraconsulting.com
Mobile: +1.303.807.6996

Education

MBA with High Distinction, Finance and Corporate Strategy, Ross School of Business, University of Michigan
MS, Chemistry, University of Pennsylvania
BA with Honors, Biochemistry, University of Pennsylvania

Affiliations

American Bankruptcy Institute

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Roopesh Aggarwal is a Managing Director at Ankura with nearly 20 years of experience working with distressed and challenged operating companies to successfully address critical strategic, financial, operating, and marketing priorities. He is based in Denver.

His expertise stretches across the energy value chain, including oil and gas exploration and production, utilities, gas processing and pipelines, coal production and processing, fuel terminals, renewable technologies, and service providers, as well as into other industries including real estate, automotive, and software. In addition to his advisory experience with leading global consulting firms, he spent several years as both a private equity investor and a strategy/finance executive for distressed operating companies across the energy sector.

Before joining Ankura, Mr. Aggarwal served on the executive team for Summit Utilities, a distressed, private-equity backed natural gas utility as Vice President of Corporate Strategy, Finance and Development. Prior to his time at Summit, he led the natural resource and real estate investment and asset management group for a $500 million distressed, private-equity firm in Denver. He has also served in additional turnaround, corporate strategy, finance and related roles at a Fortune 500 diversified utility, a top tier global strategy consulting firm, a global automotive manufacturer, and an enterprise software and services company.

Mr. Aggarwal’s professional experience includes:

  • Summit Utilities Inc.: Direct hire by private equity sponsor JP Morgan Asset Management to the executive team of a distressed natural gas utility, as vice president of corporate strategy, finance, and development. Successfully stabilized Summit’s immediate financial position; evaluated and rebuilt the firm’s growth strategy; established a highly functional corporate finance FP&A platform; and restructured and led the sales, marketing, and development teams. Key leader in the successful acquisition of Arkansas Oklahoma Gas in early 2017, which doubled the company’s customer footprint and provided a best-in-class operating platform for Summit.
  • United American Energy: As lead investor from the PE sponsor, successfully stabilized, capitalized, and rebuilt a string shallow-oil producer in eastern Kentucky. Compiled a portfolio of 500 operating wells across four counties, totaling 3,500 barrels per month production. Reduced operating costs by 35 percent while boosting production, providing strong cash flow to fund operations and strong returns to the sponsor. Installed a rigorous financial reporting and project management platform. Aggregated a mineral and override portfolio on operated leases, yielding an additional 35 percent internal rate of return to investors. Secured a senior debt facility to retire existing, noncompliant debt and to fund future growth.
  • Kentucky Blue Gas Co.: As lead investor from the PE sponsor, stabilized and rebuilt a distressed and shut-in oil and gas field, gas gathering system, and processing plant. Secured a best-in-class operating partner to lead day-to-day field and plant operations. Aggregated 60,000 net acres and drilled 25 wells to prove a new, liquids-rich shale. Resolved all outstanding legal and environmental issues deriving from the prior operator. Installed a rigorous financial reporting and project management platform. Secured a senior debt facility to retire existing, noncompliant debt and to fund future growth.
  • Red Mesa Holdings: As lead investor from the PE sponsor, stabilized and restructured a distressed oil and gas producer with operations focused in the southwest corner of Colorado. Shifted investment strategy from drilling to leasing/JV, aggregating an 11,000+ net acre lease position at below-market pricing. Successfully negotiated joint development with a large, private E&P company to test horizontal drilling. Resolved all outstanding legal and environmental issues from the prior operator. Installed a rigorous financial reporting and project management platform to help control and reduce operating costs. Secured a senior debt facility to retire existing, noncompliant debt and to fund future growth.
  • DTE Energy: As a member of the corporate strategy and mergers and acquisitions team, led the evaluations of two distressed subsidiaries, DTE Rail Services (rail car repair services) and DTE Peptec (coal reclamation and processing), to determine their long-term viability and ability to produce returns for the parent company. Successfully executed the turnaround of DTE Rail Services, identifying, structuring, and working with management to execute pricing, operational, and investment initiatives to grow net income 15 times and enterprise value eight times. Determined the lack of future potential for DTE Peptec, resulting in liquidation of its asset base and elimination of $1 million per year net income drag. Additionally, developed a $300 million, five-year investment strategy for DTE Coal Services focused on building a physical coal trading platform through the acquisition of production, midstream and generation assets.
  • Ford Motor Company: As a member of the treasurer’s office, managed the company’s $17 billion multiseller asset-backed securitization program. Successfully led the renewal of $16 billion in revolving credit facilities committed to purchase Ford Retail Auto assets amidst corporate credit downgrades by all major rating agencies. Negotiated $3 billion in new commitments and $1 billion in expanded commitment from the banking group.

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Gerard McDonough

Gerard F. McDonough

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
gerard.mcdonough@ankuraconsulting.com
Main: +1.704.968.8918

Education

Executive MBA Certificate, Financial Management and Policies, University of Virginia, Darden School of Business
BA, The Catholic University of America

Certifications

CEO Trust

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Gerard McDonough is Senior Managing Director who has dedicated himself for three decades, to improving business results through people. He developed the firm’s proprietary Human Equity Value methodology, and has expertise in the disciplines of enterprise-level culture-shaping, organizational design, merger and acquisition integration, change execution, and executive-level leadership and team development. Frequently, his work involves helping distressed companies identify misallocated human capital costs and remove barriers to performance, including the full range of structures, policies, and systems that govern, influence, and reinforce workforce behavior. His work measurably increases company intrinsic value through improved human capital management. He is based out of New York.

Mr. McDonough has been a co-founder, or on the founding management team, of four firms, three of which were acquired by larger companies.

His professional experience includes:

  • Prior to joining Ankura, he was founder and chief executive officer of LeadFirst Learning Systems LLC, an analytically driven human capital consulting and business performance optimization firm.
  • Prior to LeadFirst, he was senior vice president of Customer Value Analytics at Bank of America.
  • Earlier in his career, he was founder and managing principal of Booth Morgan Consulting, a customer value strategy consulting firm.
  • Prior to that, he was vice president of the Business Intelligence Division for The Atlanta Consulting Group, an organizational performance consultancy.
  • Prior to this, he was mid-Atlantic regional director of Strategic Services for Zenger-Miller Inc., a management development and service/quality consulting firm.
  • Prior to this, he was co-founder and president of Collegiate Research Services Inc. (CRS), an information services company later acquired by R.R. Donnelley & Sons Company.
  • Prior to CRS, Mr. McDonough was an assistant vice president, human resources generalist supporting three business lines for JPMorgan Chase (then Chase Manhattan Bank, N.A.).

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David Lynn

David M. Lynn

Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
david.lynn@ankuraconsulting.com
Main: +1.410.703.4628

Education

Graduate studies in Organization Development, University of Cincinnati
BA, Miami University, Oxford, Ohio

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David Lynn is a Managing Director with Ankura with extensive experience in organizational culture, executive development, and human equity valuation, working with Fortune 500 firms as well as dynamic start-ups. His experience includes leading strategic engagements including enterprise-wide business strategy, culture shaping, and executive development initiatives with organizations such as Black Knight Financial Services, Skyworks Solutions, JPMorgan Chase, Superior Energy Services, and eviCore Healthcare. He is based out of New York.

Mr. Lynn’s professional experience includes:

  • Merger Integration and Organizational Culture Change: Served as the principal consultant for a post-merger integration process including culture measurement and management. Worked with the chief executive officer and executive team to drive strategy execution following the merger of two firms that form the current organization, and ongoing strategic acquisitions.
  • Executive Team and Leader Development: Served as executive coach to executive team members, including the chief marketing officer, chief operating officer, and general counsel, and facilitated their strategy implementation process, designed to drive speed of decision execution and integrate new acquisitions.
  • Digital Transformation: Worked with the digital leadership team to develop and implement strategies to shape the organization’s culture, improve employee engagement, and retain key employees.
  • Human Resources Strategy: Led the human resources strategy process for the human resources leadership team, designed to formulate and drive strategy and key performance metrics to support profitability and market share.
  • Change Management Initiative: Led a multidisciplinary team for the Shared Services Americas change initiative, designed to drive out $12 million in costs and improve employee engagement and retention of key individuals.
  • Energy Conglomerate: Served as lead consultant for a team charged with improving employee engagement and productivity across 17 wholly owned subsidiaries for a $5 billion oil services conglomerate.
  • Leadership Academy: Led a case team that designed and implemented a comprehensive approach to leader development for all management levels, including the executive team, designed to connect leadership competencies to business strategy and drive speed of execution.
  • Oracle/Siebel Systems: Served as a senior partner leading one of the firm’s largest consulting groups, which was focused on implementation of enterprise-wide sales process improvement for the firm’s largest customer relationship management software customers.

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Adrian Frankum

Adrian Frankum

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
adrian.frankum@ankuraconsulting.com
Main: +1.646.968.3655
Mobile: +1.917.601.0224

Education

MBA, Stern School of Business
BBA, University of Georgia

Certifications

Certified Public Accountant (inactive) New York

Affiliations

American Bankruptcy Institute
Turnaround Management Association

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Adrian Frankum is a Senior Managing Director at Ankura based in New York. He has more than 18 years of experience advising boards of directors, companies, and creditors on strategic, operational, and financial issues in multiple jurisdictions and countries. He has acted as an interim manager in several senior finance/chief restructuring officer positions, with companies generating up to $1.2 billion annually. In addition, he has led high-profile engagements in a wide variety of industries, including retail, automotive, government contracting, power, printing, telecommunications, cable, restaurants, franchises, and chemicals.

Mr. Frankum’s professional experience includes:

  • $100 Million Diamond Wholesaler: Financial advisor to the company in preparing it for bankruptcy.
  • The Sports Authority: Financial advisor to this $2.6 billion company, in which role he was involved in all aspects of the engagement, including cash and working capital management, asset sales and recoveries, cost streamlining, bankruptcy proceedings, store closures, inventory liquidation, adequate assurance analysis, development and implementation of a wind-down plan, and negotiations with various parties-in-interest.
  • RadioShack Corporation: Member of the interim management team. Successfully led this 4,000+ store company through its restructuring process, managed bankruptcy planning and execution activities, negotiated and implemented a transition services agreement with the buyer, negotiated a final settlement to both the asset purchase agreement and the TSA, prepared the nonacquired portion of the company for wind-down, transitioned it to the trustee, and subsequently served as a financial advisor to the trustee.
  • Puerto Rico Electric Power Authority: Financial advisor to PREPA, a $5 billion municipal corporation, and its board of directors. Directly led teams that, among other things, were responsible for stabilizing the supply base, developing reliable cash flow projections, consolidating the company’s cash management system, developing working capital improvement strategies, and analyzing alternative rate and restructuring scenarios.
  • $600 Million Government Contractor: Chief restructuring officer responsible for all restructuring-related matters. Was instrumental in stabilizing the lender base and achieving an out-of-court restructuring solution for the company.
  • Revstone Industries: Financial advisor to the Unsecured Creditors’ Committee of this automotive parts manufacturer.
  • Sponsor-Owned Sports Information Publisher: Advised the company and its sponsor in preparing for negotiations with secured lenders.
  • Vertis Communications, Inc.: Interim chief financial officer of the $300 million direct mail division and subsequently senior vice president of finance of the entire $1.2 billion printing company. In these roles, Mr. Frankum led and revamped the business planning process, drove a capital budgeting process overhaul, and implemented cost-cutting actions and various performance improvement activities. Prior to these roles, he served as the company’s financial advisor in its prearranged bankruptcy, in which he was responsible for all aspects of the bankruptcy process.
  • Jackson Hewitt Tax Service, Inc.: Financial advisor to the secured lenders of this retail service company with more than 250 storefronts. Analyzed the company’s business plan, informed lenders on various regulatory and franchise risks, developed recovery analyses, negotiated the plan of reorganization and lender recoveries, and developed an internal (to the lending group) trading mechanism to allow lenders to trade tranches of recovery.
  • Fast Casual Restaurant Group: Advised management and the sponsor with respect to the carve-out of this restaurant group. Work entailed analysis of the transition support agreement; development of associated controls, cash flow projections, and cash management procedures; and assistance with financing covenants and the development of a plan to stand up the enterprise as a separate entity.
  • Visteon Corporation: Financial advisor to the Unsecured Creditors’ Committee of this tier-one automotive parts supplier, resulting in recoveries to unsecured creditors of approximately 50%.
  • Delphi Corporation: Financial advisor to this $23 billion tier-one automotive parts supplier in its Chapter 11 proceedings, during which he advised management on the restructuring of the company, including prebankruptcy planning, business plan development and analysis, liquidity management, lender negotiations, cash flow projections, plan of reorganization formulation, due diligence support, financial reporting, and claims-related matters.
  • Select Other Engagements: UPC Polska (company advisor), Pegasus Communications (company advisor), Global Crossing (advisor to the secured lenders), RSL Communications (Joint Provisional Liquidators), Clark Material Handling (company advisor), and Planet Hollywood (company advisor).

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