In an interview with ABF Journal, TMA Hall of Fame winner AlixPartners’ Albert A. “Al” Koch talks about how the corporate renewal scene has changed since he joined the firm nearly two decades ago and recalls his most memorable restructuring of all — General Motors.
Reuters reported AlixPartners sued two former managing directors on claims they breached employment contracts and stole trade secrets after they jumped to consulting firm McKinsey.
AlixPartners announced that Kevin G. Wills has joined the firm as managing director and chief financial officer. Most recently, wills was EVP/CFO of Saks, owner of Saks Fifth Avenue.
A survey shows 60% of smartphone or tablet owners who switched primary banks reported mobile banking capabilities as “important” or “extremely important” in their decision, according to the AlixPartners Mobile Financial Services Tracking Study.
USEC announced it is implementing an agreement reached with a majority of the holders of its senior unsecured convertible notes setting forth the terms of a restructuring plan. USEC’s financial advisor is Lazard.
AlixPartners announced the promotions of 11 professionals to managing director and 35 professionals to director. The appointments were effective Jan. 1.
Bloomberg reported that bondholders of Eike Batista’s shipbuilder OSX Brasil SA (OSXB3) hired AlixPartners to advise on the possible restructuring of $500 million in bonds.