Alvarez & Marsal (A&M), the leading independent global professional
services firm specializing in turnarounds in the private and public
sectors, announced that automotive industry veteran James Mallak, the
former chief financial officer of Tower Automotive, Inc., has joined the
firm as a managing director. He is based in A&M’s
Detroit office, which has become one of its fastest growing North
American offices within the firm’s North
American Turnaround and Restructuring practice.
With more than 30 years of automotive industry experience, Mr. Mallak
focuses on international financial management, corporate financial
administration, merger and acquisition transactions and corporate
restructuring. Prior to joining A&M, he served as chief financial
officer of Tower Automotive, Inc., where he was instrumental in leading
the global provider of structural stampings through a successful
21-month Chapter 11 restructuring.
“We are thrilled to have Jim join our
Detroit-based team of professionals,” said
Jeff Stegenga, a managing director and head of the Turnaround and
Restructuring practice in the firm’s Central
Region. “His extensive automotive experience
and financial leadership, as demonstrated by his guidance of Tower
Automotive through its very successful turnaround, further strengthens
our Detroit presence and enhances the depth of resources we are able to
bring our client base.”
Mr. Mallak was previously executive vice president and CFO with Textron
Fastening Systems and, prior to that, Textron Automotive Company, where
he was responsible for overseeing the company’s
financial department. Prior to Textron, he was a vice president of
finance with Meritor Automotive, Inc. Mr. Mallak began his career with
ITT Automotive, Inc., where he held various roles with increasing
responsibility.
Mr. Mallak received a bachelor’s degree in
accounting and an executive master’s degree
in business administration from Michigan State University. He is a
member of the Institute of Management Accountants and the Advisory Board
of Oakland University Accounting and Finance Department.
About Alvarez & Marsal:
For 25 years, Alvarez & Marsal has set the standard for working with
organizations to tackle complex issues, boost performance and maximize
value for stakeholders. As the leading, independent global professional
services firm, Alvarez & Marsal excels at leadership, problem solving
and value creation. Whether serving in interim management or advisory
roles, the firm draws on a deep operational heritage and hands-on
approach to deliver comprehensive performance improvement, turnaround
management and corporate advisory services to clients ranging from
international enterprises and middle-market companies to public sector
and healthcare entities.
Serving businesses, investors and stakeholders around the world, Alvarez
& Marsal is privately-held and entrepreneurial to the core, and delivers performance
improvement with an edgeTM. With
1,200 professionals based on four continents, A&M brings a bias toward
action and results. A&M's global services include Turnaround and
Restructuring Advisory, as well as Interim and Crisis Management;
Performance and Process Improvement; Transaction and M&A Advisory from
pre-acquisition due diligence to asset sales; Alvarez & Marsal Taxand
(founding member of Taxand global network of independent tax advisory
firms in more than 42 countries); Dispute Analysis & Forensics; Real
Estate Advisory; and Technology Asset Management.
Alvarez & Marsal has been consistently recognized for helping clients
drive positive change with international awards from prestigious
organizations and publications, including the Turnaround Management
Association and Private Equity News.
To learn more, visit www.alvarezandmarsal.com.
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