Professional services firm Alvarez & Marsal‘s corporate performance improvement (CPI) group appointed New York-based Annie Peabody and Dallas-based managing director Peter Andrews managing director within its corporate transformation services (CTS) practice.
Peabody has more than 20 years of experience delivering complex enterprise transformations for technology sector clients. She specializes in margin expansion, cost reduction, divestitures and carve-outs, operating model transformation and shared/global business services (GBS).
Andrews focuses on top and bottom-line performance improvement along with strategic transformations that improve shareholder and overall enterprise value. He prioritizes operations and service delivery in business-to-business (B2B) and business-to-consumer (B2C) corporate transformations and merger integrations that reduce costs, drive growth and boost end-to-end customer experience.
“Annie’s and Peter’s experience aligns with CTS’s core capabilities and mission to advance meaningful change for clients,” Richard Holt, a corporate performance improvement managing director and leader of the corporate transformation services practice at A&M, said. “Our practice is based on deep partnerships with CEOs and leaders to achieve sustainable transformation with beneficial financial impact. Their collective expertise dovetails with our operating legacy of solving complex problems across a broad spectrum of industry challenges and marks the next phase of our talent growth strategy.”
Prior to joining A&M, Peabody spent 15 years with Accenture, where she managed the Northeast finance transformation practice and the global communications, media and technology finance transformation practice. At that firm, she partnered with C-suite executives to solve for their most complicated, large-scale enterprise transformations and complex divestitures.
Peabody’s client work includes enterprise operating model redesign, in addition to standing up back offices involving shared services design and implementation and margin expansion programs. Additionally, she led an internal consulting capability for a $30 billion global high technology company that transformed the organization’s shared services and grew its talent base from 400 finance team members to more than 3,000 employees across sales, marketing, HR, services, IT, procurement and finance.
Before joining A&M, Andrews led commercial and customer operations as senior vice president of global lodging operations at Expedia. Earlier, he led operations in the services business unit of Lennox International, as well as its M&A and strategy efforts. Previously, Andrews served as an engagement manager at McKinsey, where he consulted across various industries, including transportation and logistics, consumer product goods, energy, travel and hospitality, and industrials. His notable engagements include:
- Multiple large corporate merger integrations; commercial space tuck-in acquisitions; and a carve-out and divestiture of a large European operation for an industrial.
- Leading multiple enterprise level transformations, implementing structural change to improve profitability, restoring growth and driving sustainable improvements in culture and capabilities.
Andrews began his career as a nuclear submarine officer in the U.S. Navy.