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In 2002, they played a pivotal role in steering HealthSouth out of a $2.7B This Firm Profile started as an email from Sean, asking if we could write on Alvarez & Marsal, “The Turnaround Guys”. The firm’s first turnaround client was the household brand, Timex Corporation. Turnaround and Restructuring. Practice Areas.
AlixPartners is an international business advisory firm based in Southfield, MI known for its work in corporate turnarounds, bankruptcy assignments and restructuring. Generally regarded as turnaround market leaders, AlixPartners is doing a killer job at taking up more room in the consulting space by strategically hiring a plethora of gurus.
Below is a timeline of key milestones up until 2002. FTI expanded into investigation and research capabilities as well as turnaround, restructuring, bankruptcy and forensic accounting with the moves. While the years up to 2002 were a time of growth for the firm, 2003 to 2011 brought a whole new meaning to the word “expansion”.
A&M specialises in turnaround and interim management, performance management and business advisory services. Founded in 2002, Candesic is headquartered in London and also has offices in Paris and Madrid. London EC2M 7EB. United Kingdom. Tel: +44 207 715 5200. Website: www.candesic.com. Address: Candesic Limited. New Zealand House.
Outsiders, in effect, have become more of an intentional leadership choice than a stereotypical hire in a turnaround or crisis situation. Last year 7% of incoming CEOs hired held the joint title of chair, a record low in the study — that’s down from 48% in 2002. That’s nearly double the rate from 2004 to 2007.
Voser took a detour to be CFO for ABB from 2002 to 2004 and then returned to Shell to become CEO in 2009. Voser was impatient for a new experience which attracted him to ABB and there he learned a whole new level of turnaround leadership. In his own words, “it was a truly formative experience.”
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