AlixPartners Adds Peluso as Managing Director
AlixPartners announced Luigi A. “Lou” Peluso joined the firm’s Enterprise Improvement group as a managing director.
AlixPartners announced Luigi A. “Lou” Peluso joined the firm’s Enterprise Improvement group as a managing director.
AlixPartners announced Eric Kronenberg joined the firm’s global Enterprise Improvement group as a managing director.
AlixPartners announced the promotions of 11 professionals to managing director and 35 professionals to director. The appointments were effective Jan. 1.
The Wall Street Journal reported that J.C. Penney is working with AlixPartners to identify cost savings and manage cash-flow.
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.
AlixPartners announced the appointment of Theodore “Ted” C. Bililies as managing director and chief talent officer for the firm.
Albert A. “Al” Koch, vice chairman at AlixPartners and managing director in the firm’s Turnaround & Restructuring Services group, will be inducted Friday into the Turnaround Management Association Hall of Fame.
Rotech Healthcare announced that it completed its financial restructuring and has emerged from Chapter 11. Proskauer Rose serves as legal advisor, Barclays as financial advisor and AlixPartners as restructuring advisor.
Bloomberg reported that Dell is working with AlixPartners on its turnaround, which will include organizational restructuring and cost cuts tied to acquisitions made by Dell over the past five years.
AlixPartners received the TMA’s “Turnaround of the Year: Large Company” award for its work on behalf of Nebraska Book Company. The AlixPartners team was led by Alan Holtz and Robb McWilliams. The company will receive its award at the TMA Annual Conference in October.