Former Chief Restructuring Officer of Tanner & Haley Joins AlixPartners’ Growing New York Office
SOUTHFIELD, MI (January 17, 2007) – AlixPartners, the international corporate turnaround, performance improvement and financial advisory firm, announced the addition of Holly Felder Etlin as a managing director in its New York office.
Etlin has nearly 30 years of experience providing restructuring and reorganization services, including advisory and interim management services, to companies and their creditors in retail, distribution, consumer products, and healthcare industries. Before joining AlixPartners, she was a principal with XRoads Solutions Group in New York.
Most recently, she served as chief restructuring officer and acting-CEO of Tanner & Haley, one of the largest luxury destination clubs in the U.S. The company had been the subject of allegations of major fraud and mismanagement. Etlin stabilized the business and after 6 months merged it with another destination club, thereby saving the business, preserving the members’ benefits, and assuring jobs for the majority of the company’s employees.
Other former clients include Winn Dixie, Impath (now a division of Genzyme), San Francisco Music Box Company and The Museum Company, and The Forzani Group.
“We are pleased that Holly has joined the firm,” said Michael Grindfors, Chief Executive Officer of AlixPartners. “Not only does she have extensive financial and operational expertise, but she also has hands-on experience managing under difficult and demanding circumstances – a distinctive combination which defines her outstanding leadership capabilities. She is a great asset to our firm and our clients.”
Etlin holds a bachelor’s degree from the University of California at Los Angeles. She is a Certified Insolvency and Restructuring Advisor (CIRA) and Certified Turnaround Professional (CTP). She is also Immediate Past Chairman of the Turnaround Management Association, and a member of the American Bankruptcy Institute, Association of Insolvency & Restructuring Advisors, and the International Women’s Insolvency & Restructuring Confederation.
About AlixPartners
AlixPartners is a global performance improvement, corporate turnaround and financial advisory services firm. The AlixPartners’ “one-stop-shop” suite of services range from operational performance improvement and financial restructuring across all major corporate disciplines (manufacturing, supply chain, IT, sales and marketing, etc.), to financial advisory services (including financial reporting, corporate governance and investigations) to technology-enabled restructuring and claims management. Headquartered in Southfield, Michigan, the firm has nearly 600 employees, and has offices in Chicago, Dallas, Detroit, Düsseldorf, London, Los Angeles, Milan, Munich, New York, Paris, San Francisco and Tokyo. It is on the Web at www.alixpartners.com. |