Alvarez & Marsal strengthened its capabilities with the addition of Dallas-based Steve Hurt as a managing director within the firm’s automotive and industrials group.
Hurt brings more than 25 years of experience in delivering operations, manufacturing and supply chain transformations across various sectors including automotive, aerospace and defense, industrials, healthcare, as well as tech and consumer products. He advises clients on large-scale operations transformation programs, enterprise-wide cost reduction and performance improvement initiatives.
“Steve has an impressive track record of successfully leading multi-year transformation initiatives. He implemented transformative cost and performance improvement approaches in software development, production, and maintenance, repair and overhaul contexts that delivered billions of dollars of value by reducing costs and increasing velocity,” Rick Kozole, a managing director and leader of the automotive and industrial group at A&M, said.
“Steve is passionate about operational excellence and possesses a result-oriented mindset, both of which are aligned with A&M’s values. His ability to lead and implement transformative operational changes to generate impressive cost savings dovetails with A&M’s commitment to creating value for clients.”
Through Hurt’s leadership and implementation of production operating systems across complex, global organizations from multiple industries, he brings a strong history of improving throughput and quality performance for clients to A&M. He has deep expertise reimagining clients’ selling, general and administrative expenses cost structures to save hundreds of millions of dollars. Many of his enterprise-wide operational initiatives have been successfully scaled to global operations after delivering on initial success metrics.
Prior to joining A&M, Hurt was a senior partner at Kearney for 22 years and a member of both the Operations practice and automotive, aerospace/defense, transportation and industrials teams. While at Kearney, Hurt held various global and practice leadership roles and led the firm’s Dallas office.
Previously, Hurt served as a member of BearingPoint’s aerospace and defense practice and was an assembly engineer and a product launch engineer with General Motors.
