“I could not think of anyone more deserving of this honor,” said Michael Grindfors, CEO of AlixPartners. “Jay played a critical role in the evolution of what is now a global turnaround industry – cementing turnaround concepts into the modern business lexicon and taking turnaround practices across borders. He is a revolutionary thought-leader and pioneering trailblazer.”

Alix founded AlixPartners in 1981 to provide a full line of services to underperforming, distressed, and troubled companies. He was instrumental in introducing a variety of “firsts” in the turnaround industry, including “turnaround teams” involving client employees in implementing turnaround initiatives, results-based success fees, and the role of chief restructuring officer. In 1994, Alix was the only businessperson appointed by former US President Bill Clinton to serve on the National Bankruptcy Review Commission, whose mandate was to recommend improvements to the US Bankruptcy Code, and he is one of few non-lawyers to teach new judges on the topics of finance and accounting issues in bankruptcy. Alix has received dozens of honors throughout the years in recognition of his outstanding career and service to the industry, including being named a Fellow in the American College of Bankruptcy, receiving the TMA’s Chairman’s Award, and the Harvey R. Miller Outstanding Achievement Award.

Today, AlixPartners is a global firm with more than 700 employees in North America, Europe, and Asia. The firm has been retained by the managements or boards of directors of large and mid-size companies to serve as business and restructuring advisors, including Cadbury Schweppes plc, Dana Corp., General Motors Corp., ISH GmbH, Jarvis plc, Kmart Corp., Sea Containers Ltd., Solo Cup Co., Stolt Offshore SA, and Toys “R” Us, Inc. The firm has successfully completed hundreds of reorganizations, including Worldcom, Inc.; Refco, Inc.; and Calpine Corporation – three of the largest in US history.

About AlixPartners
AlixPartners is a leading global business advisory firm offering services across four main disciplines – operational performance improvement, financial restructuring and bankruptcy reorganization, litigation consulting and financial advisory services. The firm’s expertise is in helping clients anticipate, evaluate and successfully resolve urgent, high-impact business challenges in an increasingly complex legal, regulatory and economic landscape. Drawing on the experience of more than 700 employees from 13 offices across North America, Europe and Asia, the firm commits small teams of seasoned professionals to deliver results when it really matters. For more information, visit www.alixpartners.com.

About the Turnaround Management Association
With international headquarters in Chicago, the Turnaround Management Association (www.turnaround.org) has more than 8,100 members in 43 regional chapters who comprise a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants. Members adhere to a Code of Ethics specifying high standards of professionalism, integrity and competence. Its Certified Turnaround Professional (CTP) program recognizes professional excellence and provides an objective measure of expertise related to workouts, restructurings and corporate renewal.