John A. Dischner is an AlixPartners Managing Director; he joined the firm’s Chicago office in 1998 and has held advisory and officer roles for middle-market and large companies in a variety of urgent and complex situations. John has extensive experience in assisting companies with cash and liquidity management, cost reductions, working capital improvements, operational improvement plans, asset sales, and restructurings. He has led the resolution of several challenging situations in a broad cross section of industries, including manufacturing and consumer products, environmental services, telecommunications, real estate and home building, and financial services.
John’s engagement experience includes the following projects:
- Provo Craft – As Chief Financial Officer, John led all aspects of accounting, finance, and planning functions. His department’s work included the restatement of two years of financials and the development of the go-forward business plan. He also led efforts to reduce overhead expense by 30% and decrease inventory levels by 35%, both of which gave the company much-needed runway to restructure out of court.
- Reddy Ice – As Senior Vice President of Finance, John oversaw all aspects of treasury, accounting/finance, internal audit, and financial planning and analysis. Major accomplishments included completion of fresh-start accounting, development of a revised business planning financial model, management of liquidity, and streamlining of internal audit processes and functions.
- General Growth Properties, Inc. – John acted as a financial advisor to this large real estate investment trust with $27 billion in debt. He was involved in liquidity management and in assisting the company to develop its reorganization plan. And he was instrumental in forming Howard Hughes Corporation, a spin-off with $2 billion in unrelated assets.
- Levitt & Sons – John served as Executive Vice President–Restructuring for this Florida home builder during Chapter 11, when he was involved in all aspects of liquidity management, bank negotiations, and asset sales for the company.
- Other home-building-industry experience – John has served as an advisor to major home builders in the Mid-Atlantic and Southeast regions of the United States.
- John served in a variety of operational and liquidity management roles at Refco, Inc., which, at the time of the engagement, was one of the largest US independent futures brokerage firms. Specific activities included leading an international team of AlixPartners personnel in managing the cash, liquidity, and sale/wind-down of main operations.
- Parmalat USA – John assisted Parmalat executives in all of the main aspects of managing the company’s restructuring process, with a focus on liquidity management and business plan development. Actions contributed to successful reorganization of company.
- Harnischfeger Industries, Inc. – From 1999 to 2001, John served as Treasurer of this industrial machinery manufacturer with $2 billion in revenue. He managed the liquidity of a $1-billion revenue division in active liquidation and developed cash-forecasting tools. John was also involved in key aspects of the acquisition of financing.
- Safety-Kleen Corp. – John managed an accounts-receivable-department process improvement project resulting in the collection of $40 million of past due accounts receivable and played a major role in budget/plan development and acquisition of financing.
- USN Communications – John developed cash-forecasting tools and assisted in the main aspects of asset sales and of the transitioning of key finance functions to the buyer.
John has an MBA from Carnegie Mellon University and a Bachelor of Arts in economics from Northwestern University.