Daily News: November 8, 2013

Tiger Group Names McGrail to New COO Post

Tiger Group appointed Managing Director Michael McGrail to the newly created post of chief operating officer.

McGrail, who was been with the asset valuation, advisory and disposition services firm since its inception in May 2001, will direct all day-to-day operations of the company, which has offices in Los Angeles, Boston and New York. The Boston-based executive will also continue to oversee Tiger’s retail, wholesale, industrial, machinery and equipment appraisal divisions, as well as the retail and wholesale disposition divisions. He reports to Managing Member Daniel Kane.

McGrail has over 22 years of experience in retail store closings, asset dispositions and appraisals, and corporate finance. He joined Tiger as vice president of Finance and was named a managing director in 2005. Over the course of his career, he has directly managed the analysis, bidding process and operations of numerous major store-closing programs, including Linens ‘n Things, Circuit City, Mervyn’s, Gottschalks, Fortunoff’s, Kmart and Borders. Additionally, McGrail has directed many complex projects designed to enhance returns for Trustees, secured and unsecured creditors, landlords, debtors and other interested parties.

Prior to joining Tiger, he spent four years with Thomson Financial Services, where he rose to finance manager of the Global Markets Division.

McGrail holds a degree in accounting from Northeastern University. He is a member of the Turnaround Management Association and American Bankruptcy Institute.

“With our rapid growth over the past few years, we felt it was important to have someone manage the day-to-day operations of our various businesses,” said Kane. “Michael has been an intricate part of that growth and has hired and trained many of our key personnel. He leads by example and is the perfect person for this new position.”