Daily News: October 4, 2013

AlixPartners’ Al Koch To Be Inducted in TMA Hall of Fame

Albert A. “Al” Koch, vice chairman at AlixPartners and managing director in the firm’s Turnaround & Restructuring Services group, is set to be inducted on Friday into the Turnaround Management Association (TMA) Hall of Fame, a prestigious honor in the field of corporate renewal.

Koch, who has been with AlixPartners 18 years, has led some of the highest-profile turnaround and restructuring engagements in the firm’s history, including General Motors — one of the largest industrial restructurings in U.S. history.

In that engagement, he served as chief restructuring officer of GM, playing a key role in restructuring the company for future competitiveness. Then he served as chief executive officer of “old GM,” where in conjunction with federal, state and local regulators and other stakeholders he engineered a historic trust for the continuing environmental remediation of former GM plants and properties, for as long as 100 years in some cases.

Recently, Koch was part of the AlixPartners team at Eastman Kodak, which last month emerged from bankruptcy as a company focused on delivering imaging innovation for business.

“Al Koch is truly a giant in his field and all of us at AlixPartners congratulate him on his upcoming induction into the TMA Hall of Fame,” said Lisa Donahue, global leader of Turnaround & Restructuring Services at AlixPartners. “Besides being a stellar practitioner throughout his distinguished career, Al has also always stood out for his thoughtfulness — for clients, for other engagement stakeholders and for staff. He has a genuine concern for the needs of everyone he interacts with, and has always done his best to live up to his longtime personal and professional credo: ‘to achieve the greatest good for the greatest number of people.’ Al has been a mentor to many throughout our industry, and an inspiration to all.”

The TMA Hall of Fame ceremony will take place Friday at the TMA’s annual meeting at the Marriott Wardman Park hotel in Washington, D.C. The Hall honors those “whose outstanding individual contributions have made a lasting positive impact on an industry dedicated to stabilizing underperforming companies, rebuilding corporate value and retaining jobs.” Past inductees have included AlixPartners founder Jay Alix, Edward Altman (father of the Altman Z-score) and businessman Wilbur Ross.