Wharton Restructuring and Turnaround Conference


Panelists

John P. Bolduc

Mr. Bolduc has over 15 years’ experience in mergers and acquisitions, corporate finance, consulting and private equity investments. Mr. Bolduc joined H.I.G. Capital, L.L.C. as a Managing Director in 1993 and, in 2004, led the development of Bayside Capital, Inc. Bayside is the special situation fund of H.I.G. which invests in operationally or financially challenged companies. Mr. Bolduc is responsible for origination, decision-making, transaction negotiation, and portfolio company management and disposition. Prior to joining H.I.G. Capital, Mr. Bolduc was at the management consulting firm Bain & Company. Mr. Bolduc earned an MBA from the University of Virginia’s Darden School of Business Administration and graduated from Lehigh University with a Bachelor of Science degree in Computer Science from the P.C. Rossin College of Engineering.

David Coles

David Coles, a Managing Director with Alvarez & Marsal, has more than 17 years of financial and operational restructuring experience and specializes in business performance improvement, profitability analysis, working capital management and interim management. His primary areas of expertise include the formulation and implementation of restructuring and performance improvement plans for underperforming businesses, and managing companies and their creditor constituents through the restructuring process.  Mr. Coles assists companies both in and out of bankruptcy and has served in senior advisory and interim CEO, CRO, CFO and COO roles. His experience spans multiple industry sectors, with a recent focus on consumer packaged goods, manufacturing and healthcare.   Mr. Coles is currently serving as CFO at Lehman Brothers Holdings, Inc.Prior to joining A&M in 1997, Mr. Coles was a senior manager with the turnaround and restructuring group of a Big Five Accounting and Consulting firm both in New York and originally in the UK. Mr. Coles received a bachelor's degree from the University of Wales Institute of Science & Technology in Cardiff, UK. He is a member of the Institute of Chartered Accountants in England and Wales.

Michael B. Fieldstone

Michael B. Fieldstone, a Principal of Sun Capital Partners, has been involved in leveraged buyouts and investment banking in a wide spectrum of industries for over ten years. Prior to joining Sun Capital Partners in 2001, Mr. Fieldstone worked at Apollo Management, specializing in leveraged buyouts, distressed debt investments, and related financing transactions from 1999 to 2001. He previously worked as an Analyst for Solomon Smith Barney in its mergers and acquisitions group from 1997 to 1999. Mr. Fieldstone received a Bachelor of Science degree in Economics from The Wharton School of the University of Pennsylvania.

Mark R. Patterson

Mr. Patterson is Chairman and co-founder of MatlinPatterson Global Advisers LLC which manages over $9 billion of distressed funds. Mr. Patterson has more than 30 years of financial markets experience at Credit Suisse First Boston (where he was a Vice Chairman), Scully Brothers & Foss L.P., Salomon Brothers Inc., and Bankers Trust Company. Mr. Patterson holds degrees in law (BA, 1972) and economics (BA Honors - Econ, 1974) from South Africa’s Stellenbosch University and an MBA (with distinction, 1986) from New York University’s Stern School of Business. Mr. Patterson serves on the Board of Directors of Allied World Assurance in Bermuda, and on the Dean’s Executive Board of the NYU Stern School of Business. Mr. Patterson is fluent in Afrikaans.

Michael Psaros

Mr. Psaros is a Co-Founder and Managing Partner of KPS Capital Partners, LP, and a member of its Investment Committee. KPS Capital Partners, LP is the manager of KPS Special Situations Funds, a family of private equity funds with over $1.8 billion of committed capital focused on constructive investing in restructurings, turnarounds, bankruptcies and other special situations. KPS pursues opportunities where a company’s immediate future is troubled or uncertain and the solutions to its operational problems appear too complex. Mr. Psaros and the Co-Founders of KPS have successfully developed and executed a proprietary investment strategy that resulted in the creation of vibrant and successful enterprises out of assets or companies that were close to shutdown or liquidation, suffering from a history of operating losses, operating in bankruptcy or in default of obligations to creditors. KPS also purchases underperforming businesses divested by global Fortune 1000 companies. Central to KPS’ investment strategy is a belief that superior investment returns are achieved primarily by catalyzing the turnaround of the business and operations of a company, often, but not necessarily accompanied by a financial restructuring of the company’s debt and other liabilities. Mr. Psaros currently serves or has served on the Board of Directors of 19 KPS owned portfolio companies, and has served as Chairman of 7 of those companies. Mr. Psaros presently serves on the Board of Advisors of the Robert McDonough School of Business at Georgetown University. Mr. Psaros received a BSBA from Georgetown University and attended Sofia University in Tokyo, Japan.

James J. Zenni

Mr. Zenni is President and Chief Executive Officer of Z Capital Partners, L.L.C. and is responsible for all portfolio management and business operations. Prior to founding Z Capital, Mr. Zenni was, beginning in 1995, Co-founder, President and Managing Partner and fifty percent owner of BDCM, where he was jointly responsible for all portfolio management and business operations. Mr. Zenni divested his interest in BDCM in an employee-led leveraged buyout in October 2006. At the time of the buyout, BDCM managed distressed debt/private equity funds, hedge funds and structured vehicles with assets under management of approximately $9 billion.

Mr. Zenni is a recognized professional within the credit markets and has substantial credit and restructuring experience. During his co-ownership of BDCM he was responsible for the growth and management of its funds and co-managed numerous distressed debt/private equity transactions such as ARI Holdings, Inc., Bayou Steel Corporation, Diamond Brands Operating Corp., Euro Disneyland S.N.C., Exide Technologies, Inc., Imperial Sugar Company, New World Pasta Company, PTC Alliance Corp., Smarte Carte Corporation, Sun World International, Inc. and Venture Holdings Company LLC. Prior to establishing BDCM, Mr. Zenni was a Managing Director and senior member of the Fixed Income/Capital Markets Department of Kidder, Peabody & Co. Inc., where he was employed for eleven years.

Mr. Zenni received his B.S. in Economics from Xavier University and attended Xavier University Graduate School of Business. He is a member of the Board of Trustees for the Rosalind Franklin University of Medicine and Science. Mr. Zenni was previously on the boards of Automotive Aftermarket Group, LLC, Bayou Steel Corporation, Smarte Carte Corporation and Sun World International, LLC, all of which were portfolio companies. Mr. Zenni resides in Lake Bluff, Illinois, with his wife of twenty years and their three children.

Lisa J. Donahue

Lisa Donahue specializes in financial and operational reorganizations; an expertise that led to her being named one of New York’s “Forty Under Forty” by Crain’s New York Business in 2002, “Outstanding Young Turnaround Manager” by Turnarounds & Workouts in 2001, and in May 2007, International Women’s Insolvency & Restructuring Confederation (IWIRC) “Woman of the Year.”

She has extensive experience in cash management and cost reduction, negotiation, situational analysis, and debt restructuring for both domestic and international organizations. Her engagements have been in the manufacturing, distributing, professional services, energy, apparel, and retail industries.

Lisa began serving as the Chief Restructuring Officer of SemGroup, L.P. in July of 2008. Previously, she served as Executive Vice President & Chief Financial Officer at Calpine Corporation, an energy company that had $10B in revenue and $18B in debt.

She is currently a board member for InMotion Inc, a New York-based, non-profit organization that provides assistance to victims of domestic abuse. She is a former member of the Board of the Turnaround Management Association and is a member of the International Women’s Insolvency and Restructuring Confederation, the Association for Corporate Growth, and sits on the New York Advisory Board for the American Bankruptcy Institute.

Lisa holds a degree in finance and accounting from Florida State University.

T.K. Duggan

Mr. Duggan is Founder and Managing Principal of Durham Asset Management, L.L.C., a global event-driven distressed debt and special situations asset manager founded in 2002. Mr. Duggan is one of the pioneers of the distressed securities industry. In 1988, he created The Delaware Bay Company, Inc., one of the original distressed securities boutiques. He became Chairman and Chief Executive Officer in 1996 and directed the firm’s research, sales and trading efforts until 2004. Prior to Delaware Bay, Mr. Duggan was the Director of Bank Debt Trading at R.D. Smith & Co. Mr. Duggan was a Generalist Investment Banker with Kidder Peabody & Co. from 1983 to 1986 and he began his career in public accounting with Price Waterhouse & Co. in 1976. Mr. Duggan received an M.B.A. from Harvard University and a B.S. in Business Administration from the University of Southern Mississippi.

Jed A. Hart

Mr. Hart is a Senior Managing Director of Centerbridge Partners, L.P. Prior to joining Centerbridge, Mr. Hart was a Managing Director and Chief Portfolio Manager for the distressed securities funds of Angelo, Gordon & Co., L.P. At Jed’s departure in August 2007, the distressed funds were approximately $1.5 billion of invested capital. Before joining Angelo in 1995, Mr. Hart worked in the High Yield Trading Group at Merrill Lynch & Co. At Merrill Lynch, Mr. Hart focused on distressed and special situation investing. Prior to that, Mr. Hart worked in investment banking specializing in financial institutions at Fox-Pitt, Kelton Inc. Mr. Hart has served on numerous creditors committees and has been deeply involved in many U.S. and overseas restructurings. Some representative official and ad hoc creditors committees have included Refco, Doral Financial, Healthsouth, Harnischfeger, Conseco, Finova, Worldcom (MCI), Comdicso and Cornerstone Propane. Mr. Hart has invested in a diverse set of industries including financial services, insurance, healthcare, industrial manufacturing, distribution and apparel. He has also invested in many liquidations and litigations. Mr. Hart received a B.S. from the Wharton School at the University of Pennsylvania.

Michele A. Paige

Michele Paige founded Paige Capital Management (“PCM”) in May 2006. PCM began investing in February 2007, and it launched its funds on November 1, 2007. From April 2004 to May 2006, Ms. Paige was a senior investment professional at King Street Capital Management. She managed a $600M+ portfolio of distressed debt, special situations, debt and equity longs and shorts, synthetic converts, stub trades, private equity investments and derivatives in North America and Europe for a $6B+ multi-strategy hedge fund. She initiated the firm’s expansion into European investments, and originated its first investments in stub trades. From July 2001 to March 2004, Ms. Paige was a senior investment professional at Icahn Associates (the investment vehicle for Carl C. Icahn’s personal multi-billion dollar fortune). She initiated and managed Icahn Associate’s investments in multiple bankrupt and distressed entities. As an activist investor, she served on the Board of Directors and senior management of three publicly-traded companies: Director of Philips Services Corp., Director of Panaco Inc. and President/CEO of Cadus Corp. (KDUS).

Ms. Paige earned her MBA at Harvard Business School and her J.D. at Yale Law School, where she was on Law Review. She earned her A.B. magna cum laude, Phi Beta Kappa at Brown University. Since 2002, Ms. Paige has been a Trustee of The Leopold Schepp Foundation, which administers one of the country’s most prestigious undergraduate, graduate and post-graduate scholarships. In addition, she serves on the Foundation’s Finance Committee, which oversees the Foundation’s endowment.

George J. Schultze

Mr. Schultze is founder and Portfolio Manager of Schultze Asset Management (SAM). He serves or served on creditor committees in the following cases: Collins & Aikman Corp.; M. Fabrikant & Sons, Inc.; Tweeter Home Entertainment Group, Inc.; Tropicana Entertainment; American Plumbing & Mechanical, Inc.; Armstrong World Industries, Inc.; Atkins Nutritional; Breed Technologies, Inc.; General Chemical Group, Inc.; Horizon Natural Resources; Le Nature’s Inc.; Twinlab Corp.; United Airlines (JFK Facility); US Timberlands; Washington Group International; Werner Holding Co., Inc.; and Interstate Bakeries Corp.

Mr. Schultze serves as a Director to the following Boards: Power Plumbing GP, Inc.; Werner Holding Co.; Fabrikant Inventory, LLC; Fabrikant Receivables, LLC; Le Nature’s Inc. Liquidation Trust; and Pineapple Grove Village Condo Assoc., Inc.

He has been actively investing in distressed securities for over 15 years. Prior to founding SAM, Mr. Schultze was an Analyst with MD Sass. While in graduate school, he was employed by Fiduciary Partners, Mayer Brown & Platt, Grant Herrmann Schwartz & Klinger, and Merrill Lynch. Mr. Schultze is a graduate of Columbia Business School (MBA) and Columbia Law School (JD). He earned a BA from Rutgers College (Economics/Political Science, Henry Rutgers Scholar). At Rutgers, he won The Wall Street Journal Award for Excellence in Economics and placed 23rd nationwide and first at Rutgers in the AT&T Annual Stock Picking Contest.

Nick Weber

Mr. Weber is a managing director for CarVal Investors, responsible for company analysis and managing individual corporate credit investments in North America, as well as certain investments in the United Kingdom and Continental Europe. Prior to that, Mr. Weber worked in the London office of Houlihan Lokey Howard & Zukin, an investment bank specializing in M&A Restructuring, and at Lehman Brothers in Debt Capital Markets and Mergers and Acquisitions. Mr. Weber graduated from HEC Lausanne in Switzerland with a degree in business administration, and a major in corporate finance. Mr. Weber is fluent in English, French and Italian.

Michael Weinstock

Mr. Weinstock is a co-Portfolio Manager and co-founder of Monarch Alternative Capital LP. Prior to joining Monarch in March 2002, Mr. Weinstock was a Managing Director of Lazard and served as co-Portfolio Manager of the Lazard Debt Recovery Funds. In 1992, he joined Lazard's then-recently formed High Yield Bond Department as a Vice President to build a distressed debt research effort. Under Mr. Weinstock's leadership, Lazard's distressed debt research team was ranked #1 in the distressed debt category by Institutional Investor magazine in 1998. Prior to joining Lazard, Mr. Weinstock became a distressed debt research analyst in 1991 when he joined R.D. Smith & Co., a pioneer in the field of distressed debt investing. Prior to that, he was an investment banker for seven years at Salomon Brothers and Goldman Sachs working on corporate finance, securitization, and mergers and acquisitions transactions. He currently serves on the Board of Directors of Protection One, Inc. Mr. Weinstock graduated from the Wharton School of the University of Pennsylvania with a Bachelor of Science Degree in Economics and from Harvard Business School with an M.B.A.

Michael J. Epstein

Mr. Epstein is a Managing Partner with CRG Partners in New York. His practice is centered on crisis management, financial advisory services and bankruptcy consulting activities in both middle market and large transactions. Mr. Epstein has been an integral part of CRG Partners since 1989, and his experience spans a wide variety of industries, including business services, construction, consumer goods, distribution, e-commerce, financial services, food service, high technology, marketing and retail. Mr. Epstein works with management teams, creditors, creditors’ committees and boards of directors in all aspects of distressed businesses, operational re-engineering and financial restructuring. Previously, Mr. Epstein was CEO of CFS Americas. CFS, now IDS Group, is the largest provider of software solutions for specialized asset-based finance and back-office support for lease administration. Mr. Epstein holds a bachelor’s degree from Tufts University and an MBA from the Wharton School at the University of Pennsylvania. He is the author of “Furthering Insolvency”, Institutional Investor Corporate Governance Guide (October 2003) and “Beyond Investor Relations: Communicating with Stakeholders in a Crisis”, Investor Relations (Spring 2003).

Alan D. Holtz

Mr. Holtz is a Managing Director of AlixPartners. He has more than 20 years experience managing all aspects of restructuring processes, including bankruptcy planning, business planning and analysis, cash management, valuation and the structuring and negotiation of plans of reorganization. Mr. Holtz has been involved in dozens of major restructurings and out-of-court workouts. He currently serves companies in the insurance, entertainment and telecommunications industries. During 2007, Mr. Holtz led a restructuring advisory team at Remy International, a Tier 1 automotive supplier that restructured through a landmark 59-day pre-packaged Chapter 11. The Turnaround Management Association (TMA) has recognized Mr. Holtz and the AlixPartners team with its “Large Company Transaction of the Year Award” for 2008 for the successful Remy restructuring. Previously, he served as an advisor to Dana Corp., another large Tier 1 supplier and the largest US bankruptcy filer in 2006. Before joining AlixPartners in 2006, Alan was a partner in Ernst & Young’s restructuring practice and its successor, Giuliani Capital Partners. Alan received a bachelor’s degree in economics from Wharton. He is currently the Chairman and past-President of the Association of Insolvency and Restructuring Advisors (AIRA) and is a Certified Public Accountant and a Certified Insolvency and Restructuring Advisor. He is also a member of the American Bankruptcy Institute, TMA and the AICPA.

LuAnn Kollaja

LuAnn Kollaja is a Principal in the Washington, DC office of Towers Perrin. She has over 25 years of experience in organizational analysis and design, HR optimization, workforce effectiveness, mergers, acquisitions and restructurings, and large scale business process transformations. Ms. Kollaja has successfully led over 15 multi-million dollar enterprise-wide organizational restructurings, merger integration and business transformations. Her clients have included technology, energy, aerospace & defense, financial services and pharmaceuticals companies, as well as a broad range of government agencies, including the NSA, FBI, DARPA and the Departments of Justice, Housing and Urban Development and Health and Human Services.

Prior to joining Towers Perrin, Ms. Kollaja was a Principal at Hewitt Associates responsible for leading the Business Transformation Practice, an Associate Partner at Pricewaterhouse Coopers and IBM leading their Human Capital Management Practices, and a Principal at Booz Allen & Hamilton focused on organizational effectiveness and human capital strategy development in the Federal Civilian, Defense and Intelligence markets. She earned an undergraduate degree, magna cum laude, Phi Kappa Phi, and Pi Lambda Theta from The Pennsylvania State University, and has conducted master's level graduate studies in business management at The George Washington University.

Steven Rimmer

Steven Rimmer is the Global Leader of PricewaterhouseCoopers' Human Resources Transaction Services practice and works with both private equity and corporate clients. He has 25 years of consulting experience in human resources and specializes in the HR aspects of mergers, acquisitions, divestitures and corporate restructures. His experience includes addressing HR due diligence and integration issues on transactions and advising on effective benefits funding to reduce HR and benefits costs. Mr. Rimmer works with large private equity funds, such as APAX Partners, Apollo Management, Cerberus and CD&R, has serviced asset managers such as Barclays, BlackRock and Old Mutual, and companies such as Jabil Circuit, Medicis, Novartis, Siemens, Spectrum Brands and Yellow Book. He also has significant experience in implementing global stock option plans and previously led the PricewaterhouseCoopers practice in this area. Steve has recently published a survey of equity compensation practices among private equity portfolio companies. He has been at PricewaterhouseCoopers for 20 years, including 15 years in New York and five years in London. He is a fellow of the UK Institute of Actuaries and holds an MBA from the University of Manchester.

Stephen Sleigh

Steve Sleigh joined The Yucaipa Companies in 2006. Steve is a 32-year member of the International Association of Machinists and Aerospace Workers and the past president of the Labor and Employment Relations Association. For the last 12 years, Steve was the Director of Strategic Resources for the IAM and prior to that served as the Research Director for the International Brotherhood of Teamsters. In these research and strategic roles within two major American unions, Steve participated in major negotiations and corporate restructurings in the airline, aerospace and trucking industries. He is recognized nationally as an expert in collective bargaining, health care, pension and corporate restructuring. Steve's academic background includes a bachelor's degree from the University of Massachusetts, Amherst; a Masters Degree in Public Administration from Harvard University; and a Doctorate in Sociology from the City University of New York. He has published two books, On Deadline: Labor Relations in Newspaper Publishing (1994) and Economic Restructuring and Emerging Patterns of Industrial Relations (1991), as well as numerous articles and policy reports on labor related matters. Steve lives outside of Washington DC with his wife Ann Greiner and two children.

John H. Weber

Mr. Weber is President and Chief Executive Officer for Remy International, a leading manufacturer, remanufacturer and distributor of Delco Remy brand heavy-duty systems and Remy brand starters and alternators, locomotive products and hybrid power technology. Prior to joining Remy in January 2006, Mr. Weber was with EaglePicher, Inc., a global conglomerate of auto parts, mining, and high tech businesses, where he was President and Chief Executive Officer since 2001. Additionally, he served as the President, Industrial Control and Friction Materials for Honeywell International. He has also held significant executive and managerial positions with General Electric, Vickers, Baxter International, AlliedSignal and McKinsey & Company. Mr. Weber holds a bachelor’s degree from the University of Toronto and an MBA with Distinction from Harvard Business School. His professional affiliations include: Duke Pratt School of Engineering Board of Visitors, Young President’s Organization, and Manufacturer’s Alliance Board of Trustees.

Martin Bienenstock

Mr. Bienenstock is Chair of Dewey & LeBeouf’s Business Solutions & Governance Department, and a member of the Executive Committee. He also teaches Corporate Reorganization as the Robert B. and Candice J. Haas Lecturer in law at Harvard Law School where he received that title in recognition of his work. At Dewey & LeBoeuf, Mr. Bienenstock has created a unique, next generation, multidisciplinary group providing clients solutions that combine necessary experience from corporate law, governance, reorganization and litigation.

As a leader in the fields of governance and reorganization law, Mr. Bienenstock provides legal and strategic advice to directors, businesses, investors and creditors. He advises complex restructurings, acquisitions, trials and appeals, including the Owens Corning appeal reversing substantive consolidation to increase the value of his clients' bank claims against Owens Corning from $600-million to over $2.2 billion. He also charted the takeover of troubled Finova for Berkshire Hathaway and Leucadia's joint venture, and won the successful reorganizations of companies such as Enron and Republic Engineered Products over multiple objections.

Mr. Bienenstock's practice areas encompass governance advice for healthy or troubled companies, crisis management and restructuring, and international restructuring. He designs methods for companies and their boards to establish risk reporting systems so they may stay abreast of all material risk factors facing the company, as well as reducing risk and increasing shareholder value.

The National Law Journal ranked Mr. Bienenstock as one of the "100 Most Influential Lawyers in America." He has been ranked in the top tier for Bankruptcy by Chambers Global 2007 and recognized in Chambers USA - America's Leading Lawyers for Business 2007 in the field of Bankruptcy and Restructuring.

Honourable James Farley, Q.C.

The Honourable James Farley, Q.C. was appointed to the Superior Court, then named the Supreme Court of Ontario, in 1989. Since its inception in 1991 and until his retirement on May 1, 2006, he acted as supervising judge of the Commercial List in Toronto. The Commercial List deals with complex corporate / commercial litigation in addition to its insolvency foundation. He also took a periodic rotation in the Criminal List. He is a graduate of the University of Western Ontario (B.A. 1962), University of Oxford (Rhodes Scholar; B.A. 1964; M.A. 1968) and the University of Toronto (LL.B. 1966). He was called to the Ontario bar in 1968 and practised as a corporate / commercial solicitor.

He has returned to the bar in August 2006 as Senior Counsel to McCarthy Tétrault LLP. He is working with the business law, bankruptcy and restructuring and litigation groups on a firm-wide basis, including work on cross-border initiatives, providing clients with strategic business, litigation and insolvency-related advice.

He is a member of the International Insolvency Institute, Insolvency Institute of Canada, Insol International, American Law Institute, American College of Bankruptcy, American Bankruptcy Institute, International Bar Association and International Law Association. He has participated in the American Law Institute NAFTA transnational insolvency project, the INSOL / UNCITRAL judicial colloquia and the World Bank insolvency practices project. As well he has delivered papers on various topics including insolvency, corporate law, commercial courts, ADR, WTO and law practice management in Canada, the USA, England, China, Nigeria, Bermuda, Germany, France, the Bahamas, Jamaica, Brazil, Austria, Tanzania, New Zealand, Argentina, Australia, South Africa, India, the British Virgin Islands, Mexico and Belgium.

Steven T. Kargman

Mr. Kargman is the President of Kargman Associates, a New York City-based strategic advisory firm specializing in international restructuring, cross-border insolvency, distressed debt and non-performing loan situations, with a special focus on the emerging markets. The firm also advises clients involved in the emerging markets in the areas of project finance/infrastructure development (including PPPs), trade finance, foreign direct investment, privatizations and private equity.

Mr. Kargman was formerly Lead Attorney with the Export-Import Bank of the United States in Washington, D.C. and General Counsel of the New York State Financial Control Board. He has worked on a number of the largest and most complex restructuring transactions in the emerging markets, including the $13.9 billion Asia Pulp & Paper debt restructuring and other large corporate and project finance restructuring matters in Latin America and Asia. He has served as a member of the official United States delegation for the United Nations Commission on International Trade Law project on the development of a legislative guide for insolvency law and has been an adviser to the World Bank and the U.S. Department of State on international insolvency issues.

He currently serves as Vice-Chair of the Subcommittee on International Bankruptcy of the American Bar Association’s Business Bankruptcy Committee, and he serves as a member of the Board of Directors and a founding member of the International Insolvency Institute. He is also a Fellow of the American College of Bankruptcy and a member of the advisory board of the Institute of Asian-Pacific Business Law.

A former Luce Scholar in Singapore, he received his B.A. with Honors and Phi Beta Kappa from Swarthmore College and his J.D. from Yale Law School, where he was an editor of The Yale Law Journal.

Honorable Adolfo Rouillon

The Honorable Adolfo Rouillon is a Senior Legal Consultant in the World Bank’s Legal Vice Presidency. He co-chaired one of the working groups which developed the World Bank Principles for Effective Insolvency and Creditor Rights Systems, and has worked evaluating and providing technical advice on debtor-creditor rights and insolvency in some 30 countries. He also participates at UNCITRAL Working Groups on Secured Transactions and on Insolvency Law. Mr. Rouillon obtained his PhD in Law and Social Sciences from the Catholic University of Argentina. He has served more than 25 years as a civil and commercial judge in Rosario, Argentina, presiding over the Court of Appeal in 1992. In the academic field, Mr. Rouillon taught insolvency and commercial law in various universities in Argentina, and was Director of the Law Department of the Faculty of Business Studies in the Austral University. He is the author of seven books and 150 articles on bankruptcy and commercial law. Mr. Rouillon is the Editor-in-Chief of two Argentine law journals and of the Comments to the Argentine Commercial Code (6 volumes). He is a member of the Argentine National Academy of Law and Social Sciences in Buenos Aires, INSOL International, Iberian-American Institute of Insolvency Law, American Bankruptcy Institute, American College of Bankruptcy and International Insolvency Institute.

Stephen J. Shimshak

A partner in the Bankruptcy and Corporate Reorganization Department of Paul, Weiss, Rifkind, Wharton & Garrison LLP, Stephen J. Shimshak has a diverse practice (with a particular emphasis on bankruptcy litigation) that includes United States and foreign insolvency proceedings, as well as restructurings and workouts involving debtors, creditors (including industry players, banks, hedge funds and others), court-appointed liquidators, trustees, asset purchasers and private equity investors.

Recent engagements include representation of Citigroup in connection with bankruptcy matters pertaining to Enron and WorldCom; the Official Creditors Committee of Armstrong World Industries, Inc.; MacAndrews & Forbes in connection with Federal-Mogul; Caisse de dépôt et placement du Québec in the Sphinx chapter 15 cases, the Refco chapter 11 case, and other hedge fund matters; Hutchison Whampoa, Ltd. as asset purchaser in the Global Crossing chapter 11 case; Viacom Inc. in the Adelphia chapter 11 case and in other bankruptcy matters; SES Americom in its acquisition of the assets of satellite communications company Verestar; Citibank-led bank group in the defense of a $1 billion fraudulent conveyance suit; English and Bermudian administrators in the TXU and Trenwick insolvency proceedings, respectively; and Grupo Iusacell Cellular S.A. de C.V. in the defense of an involuntary chapter 11 case.

Mr. Shimshak was recently appointed a fellow of the American College of Bankruptcy and is regularly recognized as one of the leading bankruptcy and corporate restructuring lawyers in New York by peer review organizations Chambers USA, Best Lawyers in America and others. Recent articles include "The Paradox of Chapter 15: Rigid, Yet Flexible," New York Law Journal (Sept. 8, 2008), “Bankruptcy Reforms and the High Net Worth Debtor”, New York Law Journal (Mar. 3 2008), “Are Trading Orders Unconstitutional?”, New York Law Journal (Oct. 30, 2006), “Distributing a Debtor’s Intellectual Property”, New York Law Journal (Nov. 22, 2004) and “Revisiting Rule on Trustee Standing: In New Economy, ‘Wagoner’ Doctrine Takes on Added Significance”, New York Law Journal (Feb. 19, 2002).

Mr. Shimshak graduated from the University of Wisconsin (1972) and the University of Wisconsin Law School (1980). He is a member of the Bar of the City of New York, and its Committee on Uniform Laws; he is admitted to various circuit and other federal courts throughout the country.

Jay L. Westbrook

Mr. Westbrook holds the Benno C. Schmidt Chair of Business Law at The University of Texas School of Law. He received his Doctor of Jurisprudence degree from The University of Texas School of Law in 1968. He engaged in private practice, Washington, D.C. 1969-80 (Associate and Partner, Surrey & Morse), specializing in bankruptcy reorganization and international commercial litigation. He has been a member of the University of Texas law faculty since 1980. He teaches bankruptcy, commercial law, and international business law and litigation. He was a Visiting Professor at Harvard Law School, 1991-92, and at the University of London, 1990, and was a Visiting Scholar at Humboldt University-Berlin, 2002, and University College London, 2003. He served as the United States Reporter, American Law Institute Transnational Insolvency Project, as Co-chair, U.S. Delegation to UNICITRAL Conference on Transnational Insolvency, and as a Senior Advisor, United States National Bankruptcy Review Commission. He has also served as a consultant to the International Monetary Fund and the World Bank.

He is a member of the American Law Institute; the National Bankruptcy Conference; the American College of Bankruptcy; the International Academy of Commercial and Consumer Law; the Advisory Board, Journal of the American Bankruptcy Institute; and the Advisory Board, INSOL Insolvency Review.

Representative publications include: The Fragile Middle Class: Americans in Debt (Yale University Press 2000) (co-author); The Law of Debtors and Creditors (Aspen 5th ed. 2005) (co-author); As We Forgive Our Debtors: Bankruptcy and Consumer Credit in America (Oxford University Press 1989) (co-author) (Silver Gavel Award, American Bar Association, 1990); Contracting Out of Bankruptcy: An Empirical Intervention, 118 Harv. L. Rev. 1197 (2005) (co-author); A Global Solution to Multinational Default, 98 Mich. L. Rev. 2276 (2000); Extraterritoriality, Conflicts of Laws, and Transnational Regulation of Business, 25 Tex. Int. L. J. 71 (1990) (Review essay); A Functional Analysis of Executory Contracts, 74 Minn. L. Rev. 227 (1989).

John R. Buck

Mr. Buck is a Director at Versa Capital Management. He has 20 years of experience in corporate finance, business development and operations. Most recently, he was a Vice President at hedge fund Cerberus Capital Management, where he led middle-market deal origination efforts, and supported the underwriting of numerous distressed and underperforming companies across a diverse set of industries.

He is a graduate of the University of Pennsylvania where he earned a B.S. in Engineering, and Temple University, where he received an M.B.A with Distinguished Honors, Beta Gamma Sigma.

Daniel A. Celentano

Mr. Celentano is a Senior Managing Director of Evercore Partners. He has advised companies, their stakeholders and acquirors in many of the largest and most complex out of court restructurings and Chapter 11 cases and has chaired creditor committees. Recent clients include General Motors Corporation in connection with the Delphi Corporation Chapter 11 case, Time Warner in its acquisition of the assets of Adelphia Communications in its Chapter 11 case, and Andersen Worldwide in the distressed sale of its consulting business to KPMG Consulting to form Bearing Point. Other restructuring related engagements have included E II Holdings, Interco, Marvel Entertainment, Morrison Knudsen, NVR L.P., Prime Motor Inns, Resorts International, Southmark Corporation, and Zale Corporation.

Prior to joining Evercore, Mr. Celentano was a Senior Managing Director at Bear Stearns. At Bear Mr. Celentano formerly served as Head of its Financial Restructuring Group and was responsible for the management of the approval and underwriting process for all debt and equity financing transactions executed by the Global Investment Banking Division. Mr. Celentano commenced his financial career at Citbank, N.A. in its World Corporation Group.

Mr Celentano holds an M.B.A. in finance from the Wharton School and a B.A. with Honors from Holy Cross College. Mr. Celentano has served as a member of the Board of the Turnaround Management Association and presently serves as Vice President and Trustee of Hackley School in Tarrytown, New York.

Lori Fife

Lori Fife is a partner in the Business Finance & Restructuring department of Weil, Gotshal & Manges, where she has practiced for more than 24 years. Ms. Fife's practice covers all aspects of domestic and international debt restructurings, as well as crisis management and corporate governance. She has represented companies, bank groups, funds, first and second lien lenders, acquirors, unsecured creditors and other parties in chapter 11 cases and out of court debt restructurings. Ms. Fife has significant experience in a wide array of industries, including telecommunications, real estate, retailing, supermarkets, coal, food services and healthcare.

Ms. Fife is currently representing Lehman Brothers in its chapter 11 case and was one of the lead partners representing The Sharper Image and Steve & Barry's in their chapter 11 cases. She has also co-led the firm's representation of MCI, Inc. (formerly WorldCom, Inc.) and Loral Space & Communications Ltd. in their chapter 11 cases. She has also represented many other significant companies in chapter 11 including Galvex, Sunbeam Corporation, Texaco Inc., Bruno’s, Inc., Factory Card Outlet, Best Products Co., Inc., R. H. Macy & Co., Premium Standard Farms and CHI Energy, Inc.

Ms. Fife was recognized in Chambers USA - America’s Leading Lawyers for Business 2008, 2007, 2006 and 2005 in the field of Bankruptcy/Restructuring. Ms. Fife was also recognized in Chambers Global: The World's Leading Lawyers for Business 2008 and 2007. Ms. Fife holds a bachelor’s degree from the University of Pennsylvania and a J.D. from Cardozo Law School.

Kenneth S. Frieze

Mr. Frieze is Principal of Gordon Brothers Group. Ken Frieze has a long history with Gordon Brothers Group and broad experience in the retail, consumer products and industrial sectors. Mr. Frieze leads Gordon Brothers Group’s brand practice, working with a team of experts and partners to acquire and license brands. He is considered an expert in the valuation of brands and has spoken in multiple forums about how to value brands assets in changing circumstances.

Prior to leading the brand effort, Mr. Frieze was President of Gordon Brothers Asset Advisors and presided over the appraisal of over $100 billion of assets. Mr. Frieze was also the founder and CEO of RetailExchange.com, now part of the Commercial & Industrial Division of Gordon Brothers Group. Mr. Frieze was a member of Gordon Brothers Group's Board of Advisors for 12 years during which he served in various executive capacities. Previously, he was a management consultant with Bain & Company and a workout specialist with TRG (now named CRG), both in Boston. Mr. Frieze serves as a member of the Board of the International Turnaround Management Association. Mr. Frieze holds a BA from Lehigh University and an MBA from the Wharton School of the University of Pennsylvania.

William "Tuck" Hardie

Mr. Hardie is a Managing Director in the New York office of Houlihan Lokey Howard & Zukin. Since joining Houlihan Lokey, Mr. Hardie has managed numerous debtor and creditor side restructuring assignments involving businesses in various industries including energy, gaming, cable operators and general industrial.

Notable publicly disclosed assignments include AEI Resources, Allegheny Energy Supply, Adelphia (Frontiervision); ANP Funding I, Anthony Crane, Calpine, Corp., Classic Cable, Danka Office Products, Enron Corp., Grove Worldwide, JCC Holdings (Harrah's Jazz), Lionel's, Maxim Cranes, Mirant Americas Generation LLC, National Energy & Gas Transmission (f/k/a PG&E National Energy Group), Orbital Imaging Corporation, Trump Hotels & Casino Resorts and Tokheim Corporation.

Prior to joining Houlihan Lokey in February 2000, Mr. Hardie served as executive vice president of Marvel Enterprises, Inc. where he led that company's efforts to acquire Marvel Entertainment Group out of Chapter 11, including arranging over $750.0 million in financings, managed the divestiture of several non-core businesses, managed the company's motion picture and television studio licensing activities and served as general counsel. Prior to that, Mr. Hardie served as executive vice president of Fleer/SkyBox International, a $200.0 million trading card and confectionery subsidiary of MacAndrews & Forbes, where he had general management responsibility for the company's sales and marketing operations as well as served as the company's general counsel.

Mr. Hardie also practiced law as an associate for Winthrop, Stimson, Putnam & Roberts in New York and Jones Walker in New Orleans where he specialized in corporate and securities law and was involved in numerous public and private debt and equity securities offerings, asset based financing transactions and domestic and international acquisitions.

Mr. Hardie earned a B.S. in economics from the University of Alabama and a J.D. from Vanderbilt University where he was the managing editor of the Vanderbilt Law Review.

Kevin Regan

Mr. Regan is a Senior Managing Director in FTI’s Corporate Finance practice and is based in New York City. Mr. Regan specializes in assisting senior management, boards of directors and creditors in the areas of financial and operational restructurings, loan workouts and business planning in bricks-and-mortar-based retail industries. He has an extensive background in retail, which includes more than 15 years as the chief financial officer of various private and public retail companies. Mr. Regan’s experience includes advisories to the official committees of unsecured creditors of Montgomery Ward, Hechinger Investment Co., Levitz Furniture, Just For Feet, Bill’s Dollar Stores, Weiner Stores, Video Update, Payless Cashways, and Ames Department Stores as well as to the term loan holders of Caldor. He has also worked on behalf of the debtors in Breuners Home furnishings, Ultimate Electronics, Furr’s Supermarkets and Dairy Mart. He has served as interim chief executive officer of Cosmetic Center and interim chief financial officer of Mayors Jewelers and has consulted on control issues at Food Lion. Mr. Regan holds a J.D. from Seton Hall University, an M.B.A. in finance from the Stern School of Business at New York University and a bachelor’s degree in economics from Fairfield University. He is also a certified insolvency and restructuring advisor (CIRA).

Robert A. Campagna

Bob Campagna, a Managing Director with Alvarez & Marsal, LLC, specializes in providing restructuring and business advice to troubled companies and creditor groups on financial, operational, and strategic business issues. His primary areas of focus include the development and evaluation of strategic business plans and cash flow projections, assessment of bankruptcy planning and strategy, assistance in the procurement of debtor-in-possession financing, preparation of liquidation analyses, and the development and negotiation of recapitalization strategies and refinancing plans, as well as Plans of Reorganization.

With over 16 years of troubled company advisory experience, Mr. Campagna has served clients in troubled debt restructurings, loan workouts, bankruptcies, corporate turnarounds, and fraud investigations. He has advised troubled companies, secured lenders, unsecured lenders, and unsecured creditors’ committees in the telecommunication, bakery, furniture manufacturing, healthcare, retail, hospitality, gaming and wholesale distribution industries. Mr. Campagna has also served in interim management and officer roles for client organizations during the restructuring process. Mr. Campagna’s recent engagement experience includes Interstate Bakeries Corporation, where he served as an officer and SVP – Restructuring for the debtor, Bush Industries, Inc., Fleming Companies, 360networks, Inc., Global Crossing Ltd., Doctors Community Healthcare, Bradlees, Sun Healthcare Group, Inc., and Physicians Computer Network.

Prior to joining A&M, Mr. Campagna was a Senior Director with a start up consulting firm, where he assisted in the formation of its New York restructuring practice. Previously, he was a Senior Director in the corporate restructuring practice of a Big Five accounting firm in New York. Mr. Campagna earned a bachelor’s degree in business administration from Bucknell University. He is a Certified Insolvency and Restructuring Advisor (CIRA) and a Certified Public Accountant (CPA). Mr. Campagna is a member of the Association of Insolvency and Restructuring Advisors (AIRA).

Michael C. Duran

Mr. Duran is a Managing Director at Ripplewood Holdings. Mr. Duran joined Ripplewood in 1999. In his ten years at Ripplewood, Mr. Duran has completed a number of successful transactions in various industries including consumer products, direct marketing, telecom equipment and consumer electronics. Prior to joining Ripplewood, Mr. Duran worked in Mergers & Acquisitions at Broadview Associates, a technology-focused boutique investment bank, in both their New York and London offices, where he completed a variety of transactions for companies including AT&T, IBM, BMC Software and Cincinnati Bell. In addition, Mr. Duran was one of the founding members of Broadview’s private equity investing efforts. Mr. Duran is a member of the boards of Interstate Bakeries Corp., Delavau Holdings LLC and other Ripplewood related companies. Mr. Duran has a BS in finance and international business from Georgetown University.

Andrew J. Herenstein

Mr. Herenstein is a Managing Principal and co-Portfolio Manager of Monarch Alternative Capital. Prior to joining Monarch in March 2002, Mr. Herenstein was a Director of Lazard and served as co-Portfolio Manager of the Lazard Debt Recovery Funds. Mr. Herenstein joined Lazard in 1992 and became widely known for his work on large and complex credits. Mr. Herenstein, along with Michael Weinstock, was recognized as the Institutional Investor #1 research analyst in distressed debt in 1998. Prior to joining Lazard, Mr. Herenstein specialized in distressed credit analysis at The Delaware Bay Co., Inc., an early specialist in the field of distressed debt investing. Prior to that, he worked at Brean, Murray, Foster Securities. He began his career at Bear Stearns in 1986 as Assistant to the Chief Operating Officer. Mr. Herenstein currently serves on the boards of Oneida, Ltd., the Interstate Bakeries Corporation and IAP Worldwide Services, Inc. in addition to the Finance and Investment Committees of Yeshiva University. Mr. Herenstein graduated from Yeshiva University with a Bachelors Degree in Finance and from Columbia University with an M.B.A.

J. Eric Ivester

J. Eric Ivester is a Partner at Skadden, Arps, Slate, Meagher & Flom LLP. Mr. Ivester represents clients in business reorganizations, acquisitions and divestitures. He has represented debtors, creditors, investors, sellers, purchasers and other financial advisors in all stages of complex restructuring transactions, from Chapter 11 reorganizations to out-of-court negotiations, workouts and divestitures.

Mr. Ivester has a wide range of experiences in both the manufacturing and retail sectors. Currently, he is the lead restructuring attorney involved in Skadden’s representation of Interstate Bakeries Corporation, the nation’s largest wholesale baker and distributor of fresh baked bread and sweet goods. Mr. Ivester also led the firm’s efforts in the successful restructuring of Haynes International, Inc. and Hayes Lemmerz International, Inc. In the retail sector, Mr. Ivester was one of the partners that led the firm’s representation of Kmart Corporation and its affiliates in their successful emergence from Chapter 11. He led the firm’s representation of Einstein Bros./Noah Bagel Corporation and its affiliate in their restructuring and played a key role in the firm’s representation of Montgomery Ward, LLC.

Other restructuring engagements for which Mr. Ivester has had primary responsibility include FPA Medical Management, Inc. and its affiliates; County Seat Stores, Inc.; and Air Transport International, Inc. Mr. Ivester has worked on several other restructurings, both in- and out-of-court, including UDC Homes, Inc., Witmark, Inc., Peregrine, Inc., MCorp, Lomas Financial Corporation, Lone Star Steel Company, First RepublicBank Corporation, Insilco Corporation, Magic Circle Energy Corporation, Peter J. Schmitt Co., Inc. and HSSI, Incorporated. Mr. Ivester has represented Goldman Sachs Credit Partners, L.P., Credit Suisse First Boston and Deutsche Bank AG as agents in several in-court and out-of-court restructurings.

Recently, Mr. Ivester was named “Dealmaker of the Week” by The Am Law Daily. He was selected for inclusion in Chambers USA: America’s Leading Lawyers for Business 2008 and in The Best Lawyers in America 2009.

Kent Magill

Kent B. Magill is Executive Vice President, General Counsel and Corporate Secretary of Interstate Bakeries Corporation. As IBC's general counsel, he led the team of financial and restructuring professionals who brought the company through a 55-month Chapter 11 case, successfully emerging during the most difficult financial market conditions since the Great Depression. Mr. Magill formerly was Vice President, General Counsel and Corporate Secretary at Layne Christensen Company, a publicly-traded international mineral exploration and water drilling company, from 1992 to 2000. From 1980 to 1992, he served as Vice President, Associate General Counsel and in other roles at The Marley Company, a diversified industrial manufacturing company. He began his legal career as an associate at Shughart, Thomson & Kilroy, Kansas City, Missouri. Mr. Magill received his Juris Doctor degree from the University of Iowa and his Bachelor of Science in political science and economics from Kansas State University. He is a member of the American Bar Association and Missouri and Kansas Bar Associations.

Steven Simms

Steven Simms is a Senior Managing Director in FTI's Corporate Finance practice and is based in New York. Mr. Simms has been involved in engagements to assist clients with financial restructurings, mergers, acquisitions, debt and equity financings, strategic planning and business valuation. Mr. Simms has served clients in a variety of industries, including retail, consumer products, restaurant and general manufacturing. A representative list of companies that are part of Mr. Simms' extensive experience includes Advantica Restaurant Group; AmeriKing; Avado Brands; Bakker Brothers; Bally Total Fitness; Barry Keiselstein; Boston Chicken; Boyd's Collections; Buehler's Foods; Buffets; Calpine; CCI Corporation, Chi-Chi's; Cloister Spring Water Company; Cone Mills; Country Home Bakers; Eagle Food Centers; Entrelec Group, SA; Fleming Companies; Furr's Cafeteria; Interstate Bakeries; Jernberg Industries; Long John Silver's Restaurant Group; Luby's Cafeterias; Malden Mills; Nutritional Sourcing, Olin Corporation; Penn Traffic; Pillowtex; Prins Recycling; Printing Arts of America; Propex; Quincy's Restaurants; Sea Watch Acquisitions; Seeds Restaurant Group/Fazoli's; Shoney's Restaurants; Trim Trends; Tony & Tina Cosmetics; URM Stores; Washington Mutual; Winn Dixie; World Kitchen and VICORP.

Prior to joining FTI, Mr. Simms was a managing director with the Ernst & Young Corporate Finance practice. Prior to joining Ernst & Young, he worked in the middle market banking division of a New York-based money center bank, providing financing to companies in various industries for acquisitions, recapitalizations, capital expansion and internal growth. Mr. Simms holds an M.B.A. in finance from the Stern School of Business at New York University and a B.S. in consumer economics from Cornell University. Mr. Simms previously held National Association of Securities Dealers Series 7, 24 and 63 licenses.

Lloyd A. Sprung

Lloyd A. Sprung is a Managing Director of Miller Buckfire. Mr. Sprung's restructuring experience includes representing Interstate Bakeries Corporation, Neff Corp., Tronox (Ad Hoc Committee of Noteholders), Idearc (Ad Hoc Committee of Noteholders), Ion Media Networks (14.25% Preferred Stockholders), Gate Gourmet, Applied Extrusion Technologies, Independence Air, Women First HealthCare, Delta Air Lines, Inc. (Ad Hoc Unsecured Creditors' Committee), Pegasus Satellite Communications, IMPATH Inc., Focal Communications, SLI, Inc. (Bank Group), National Airlines, SpectraSite Holdings (largest equity holder) and Pabst Brewing (Philip Morris). In addition to his client advisory work, Mr. Sprung is responsible for coordinating Miller Buckfire's private finance activities on behalf of its clients, assisting the firm’s deal teams in raising new debt or equity capital. His recent financing experience includes transactions for Walker Group, Bristol Compressors International, Sonneborn, Inc., Crown Cork and Seal, Oxford Automotive and Spiegel Inc./Eddie Bauer.

Mr. Sprung is a former member of the financial restructuring group of Dresdner Kleinwort Wasserstein, which he joined in 2001. Prior to joining Dresdner Kleinwort Wasserstein, he structured, originated and traded debt derivatives and distressed commercial real estate products at Merrill Lynch & Co., Inc. from 1992 to 1996 and from 1998 to 2000. At Merrill Lynch, Mr. Sprung was also involved in numerous bond and leveraged loan financing transactions for global originators and investors. Mr. Sprung is a member of the American Bankruptcy Institute and the Turnaround Management Association. Mr. Sprung has an M.B.A. (with high distinction) from Harvard Business School where he was a Baker Scholar and a B.A. in economics (summa cum laude) from the University of Pennsylvania.