Alvarez & Marsal appointed Daniel Jerneycic managing director in its restructuring and turnaround practice. Prior to joining A&M, Jerneycic was a partner in EY-Parthenon’s turnaround and restructuring practice.
Jerneycic has advised both OEMs and Tier I and Tier II suppliers across various component parts segments. He has worked alongside secured lenders and equity investors, provided client support in liquidity management and forecasting, led cost reduction and pricing optimization programs, participated in customer and labor negotiations, and participated in strategic and business plan development.
“Dan’s in-depth sector expertise enhances our horsepower to help clients navigate an increasingly unpredictable global economy while expanding our ability to address their current and future needs,” Jeff Stegenga, managing director and restructuring and turnaround practice leader at A&M, said. “His approach aligns with A&M’s heritage of operational excellence, results-oriented track record and commitment to driving change that delivers value.”
Most recently, Jerneycic developed and led the turnaround and commercial settlement strategy of a Tier I automotive supplier, including part profitability assessment, financial modeling, liquidity management and forecasting, customer negotiations, vendor management, lender and stakeholder reporting, and overall strategy implementation.
“The automotive industry is currently undergoing one of the most dramatic changes in its history with the shift to electric vehicles,” Charles Moore, restructuring and turnaround managing director at A&M, said. “Dan will help our automotive and industrial clients maximize value along with deepening A&M’s regional and global bench strength. His joining furthers our ability to deliver the flexible, practical solutions that A&M is known for against the tumultuous backdrop of supply chain disruptions, energy transitions and market volatility.”
