Turnaround specialist James Mesterharm, a managing director at AlixPartners, has been tapped to lead restructuring efforts during PG&E’s soon-to-be-filed bankruptcy, according to sources talking Reuters.
Reuters reported that Mesterharm had previous experience in large company bankruptcies, including work as restructuring chief for Eastman Kodak and serving as an advisor to Zenith Electronics.
Reuters added the California Public Utilities Commission had just approved PG&E’s proposal for $6 billion in DIP financing on Monday.
