Al Koch is a Vice Chairman and Managing Director with AlixPartners in the Turnaround and Restructuring Practice. He joined the firm in 1995 and works from the Southfield, Michigan office. As one of the senior most members of the firm, Al has led a wide range of successful turnaround and restructuring engagements, including:

• Currently assisting the AlixPartners team in the restructuring of Eastman Kodak Company.
• CEO of Motors Liquidation Co. formerly known as General Motors Corp. (or “Old GM”). Just prior to this position, he was chief restructuring officer (CRO) of General Motors, the largest industrial bankruptcy filing in U.S. history. Since filing for bankruptcy protection, General Motors completed a quick sale of its “good” assets to a new company, General Motors Co. (“New GM”), with the assistance of the U.S. Treasury. As CEO of Motors Liquidation Co., Al is responsible for winding down the assets and liabilities of Old GM in a way that is fair to all constituencies, including creditors, U.S. taxpayers, and the many communities in which hundreds of Old GM properties reside.
• Interim CFO of Kmart Corp., the largest retailer in history to file for bankruptcy. In this position, he provided leadership and credibility to the financial functions, led the development of a multi-year operating business plan, and drove financial performance in conformity with that plan. Kmart emerged from Chapter 11 in May 2003. Retailer Merchandiser recognized Al and the Kmart executive team as the “Retail Executive of the Year” for their work on the Kmart restructuring.
• President and CEO of Handleman Co., formerly a distributor of recorded music on compact disc and electronic video games. The company had experienced double-digit declines in revenue for several years and the market for recorded music had declined dramatically. Under his leadership, Handleman sold all of its operating assets will make a shareholder distribution later this year.Chairman, interim president, and CEO at Champion Enterprises Inc., the world’s largest builder of manufactured homes. In those roles, Al led a major financial and operational restructuring which saw the company’s market capitalization nearly triple while operating results improved from a year-to-date loss to a profit.

Interim CFO of Oxford Health Plans Inc. During a crisis brought on by financial and accounting-systems failure, he led the effort to stabilize the company’s financial functions, create credible reporting, and position Oxford to obtain $710 million of new capital, which provided the financial strength to assure the success of the ensuing operational turnaround.

Al previously served as the Chief Operating Officer of AlixPartners. Under his leadership, the firm quadrupled revenues, tripled its staff of professionals, and opened two new offices. He also expanded client services, adding a comprehensive bankruptcy administration practice, an information-technology (IT) turnaround practice, and professionals whose skills focus specifically on helping companies with early intervention to avoid crisis.

Al was formerly a partner with Ernst & Young for 14 years, including seven years as managing partner of the firm’s Detroit office. He is a CPA and won the Sells Gold Medal for attaining the highest scores in the United States in that exam. Al holds a bachelor’s degree in accounting from Elizabethtown College in Elizabethtown, Pennsylvania. He is a Certified Turnaround Professional and a Fellow of the American College of Bankruptcy, its treasurer and a member of its board of directors. He also is a member of the American Bankruptcy Institute, and the American Institute of CPAs.

He is a member of the SPX Corporation (NYSE) board of directors and a member of its Audit and Compensation Committees. He also is chairman of Polar Corporation, a privately held trucking products and services company. Al was a trustee of the Bloomfield Hills (Michigan) Board of Education for eight years and also served as a trustee and chairman of the Finance Committee of the Detroit Medical Center, as well as in a variety of board positions at Harper Hospital, Grace Hospital and Detroit Receiving Hospital -- all part of the Detroit Medical Center, a major healthcare system in southeast Michigan.