Donahue, co-head of the firm's restructuring practice, is a veteran turnaround professional. She 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, and an Outstanding Young Turnaround Manager by Turnarounds & Workouts.

Donahue is currently serving as Executive Vice President and Chief Financial Officer at Calpine Corporation.Calpine has $10 billion in revenue and $18 billion in debt and is one of the most complicated restructurings in U.S. history. Among several other leadership positions held in the restructuring arena, she served as Chief Financial Officer and Chief Restructuring Officer of Exide Technologies, the world's largest industrial and transportation battery producer and recycler, with operations in 89 countries. She previously served as Financial and Restructuring Advisor to Regal Cinemas, Inc.; the nation's largest theater circuit, with over $1 billion in revenue and more than $2 billion in debt. Prior to her work at Regal, Donahue served as Chief Restructuring Officer at Graham Field, where she was responsible for both the financial and operational restructuring of this publicly traded durable medical product manufacturer.

"I am honored to receive this award; nothing is quite as gratifying as recognition from one's peers," said Donahue. "I would also like to express my thanks and appreciation to my clients, my colleagues at AlixPartners, and especially to IWIRC for creating this important platform to give visibility to the great work of women in restructuring."

In addition to her many professional memberships, Donahue also makes time to serve as a board member of InMotion Inc., a New York-based non-profit organization that provides assistance to victims of domestic abuse.

"Lisa is a consummate restructuring professional who possesses both a keen intellect and street smarts; she knows how to get a deal done and build consensus among internal and external constituents," said Leslie Berkoff, Chair of IWIRC, and a partner with the firm of Moritt Hock Hamroff & Horowitz LLP.

Donahue will be honored as IWIRC's Woman of the Year at the 10th Annual Corporate Reorganization Conference at the Millennium Knickerbocker Hotel in Chicago on June 21, 2007. Reservations are recommended by June 11. Email info@IWIRC.com; fax 703-802-0207; or call 703-449-1316.

About IWIRC
Founded in 1994, IWIRC's mission is to enhance the professional status and reputation of women in the insolvency practice. It fulfills its charter by providing opportunities for networking, professional development, leadership and mentoring on local and international levels. Its membership includes attorneys, bankers, corporate-turnaround professionals, financial advisors and other professionals, both women and men. The organization has more than 700 members worldwide, with active networks in Australia, Canada, Hong Kong, New Zealand, Europe, as well as in all major markets in the USA.