Daily News: September 27, 2013

New Turnaround Firm Guides Businesses Through Uncertainty

Kriss Andrews, Alicia Masse and Greg Copolla have founded turnaround firm Alderney Advisors — specializing in management consulting, supply risk management, interim management, debtor/creditor representation and related areas. The firm is located in Southfield, MI.

Alderney Advisors’ firm principals bring nearly 75 years of collective and extensive experience, which includes:

Kriss Andrews: Most recently, he served as program management director (CRO) and later as COO for the City of Detroit, managing operations and preparing the city for significant restructuring in collaboration with the mayor. Previously, he served as executive vice president and CFO at Energy Conversion Devices, senior managing director for the North American Automotive Practice of International Business Advisory Firm, vice president of Finance/CFO and director of financial planner for two of GATX’s largest subsidiaries, director of financial planning and analysis for GATX, and as auditor for Haskins & Sells (now Deloitte).

Alicia Masse: From 2009 to 2013, Masse served as Midwest restructuring leader, St. Louis transaction advisory services market leader, Michigan transaction advisory services market leader, and global automotive supplier risk network leader for EY. Prior to her tenure at EY, Masse was managing director for BBK. Previously, she served with Ford Motor Credit as North American finance operations manager, profit analysis system manager, and ultimately finance director of Latin American Credit Operations. She started her career at Arthur Andersen.

Greg Coppola: Prior to co-founding Alderney Advisors, Coppola served with Energy Conversion Devices, first as senior vice president of Finance and Treasury and later as trust administrator for the Energy Conversion Devices Liquidation Trust. Previously, he was a managing director at BBK; served with JPMorgan Chase as first VP, segment manager, Commercial Bank Professional Development and VP/division head, Middle Market Commercial Banking. Earlier in his career Coppola served as loan officer for Bank One, internal auditor for Wisconsin Power and Light, and staff accountant for Western Publishing Company.

“Alicia, Greg and I have worked together extensively in the past in other capacities and have looked forward to reuniting for this new endeavor,” said Andrews. “Uncertain economic times bring a range of challenges for companies of all types. Experience and innovation are vital in navigating toward the right solutions. It is a role we take very seriously.”

The navigational power of the Alderney Crystal is referenced throughout Norse mythology. This Icelandic Spar sunstone was said to have been the most accurate of natural compasses — refracting polarized light to reveal the sun’s location within only a few degrees and guiding navigators to safety during storms and after the sun had set.