Daily News: January 30, 2014

AlixPartners Adds Kronenberg as MD

AlixPartners announced that Eric Kronenberg joined the firm’s global Enterprise Improvement group as a managing director. Kronenberg joins from Booz & Company, and has deep experience in aerospace and defense, as well as managing complex development and production programs in that and other industries.

Kronenberg has extensive experience in reducing military and space platform costs, and improving the efficiency and effectiveness of companies in such areas as research and development, business capture, program management, supply chain management and operations. Kronenberg also has substantial experience working across maritime, space, air and land domains, as well as on mergers and acquisitions such as by providing due diligence and post-acquisition restructuring support.

Prior to joining Booz & Company in 1996, Kronenberg worked as a defense consultant at the Institute for Defense Analyses, where he evaluated the operational effectiveness of major weapon systems for the U.S. Department of Defense, including the FGM-148 Javelin anti-tank missile, the MGM-140 Army Tactical Missile System and the terrain-following radar for the Combat Talon. Before that, he spent several years at the hedge fund K Partners analyzing electric-utility stocks.

Fred Crawford, CEO of AlixPartners, said, “Eric is a professional with impressive credentials and experience, who will bring added depth to our global aerospace and defense offering as well as to other offerings. His hiring is yet another example of our impressive growth of late.”

Kronenberg said, “I’m thrilled to be joining AlixPartners, a firm renowned for its results-orientation. I look forward to working with the AlixPartners team globally to bring all-new levels of results to our clients.”

Kronenberg will work closely with Eric Bernardini, UK-based managing director at AlixPartners and global leader of the firm’s Aerospace and Defense Practice. Bernardini said, “We’re thrilled to have someone of Eric’s deep global aerospace and defense expertise joining the AlixPartners team, and our practice in particular very much looks forward to working with him.”

Kronenberg holds a PhD in theoretical nuclear physics from the MIT in Cambridge, an MBA from the Columbia Business School and a bachelor’s degree in physics from Brown University.