Ray has over 15 years of experience working along-side management teams and supporting companies through strategic and complex turnarounds. He has led and executed a range of turnaround initiatives and restructuring transactions across a variety of industries.

Having served in interim management and senior finance roles, Ray provides objective and decisive leadership during periods of change. His expertise combines broad operational knowledge with actionable insights. Ray is a creative problem solver and is highly efficient in leading value-maximizing operational and financial initiatives.

Ray recently served as Deputy Chief Restructuring Officer (DCRO) of Cyxtera Technologies, successfully navigating the company through a value-maximizing restructuring process, which led to a sale of the business. He previously led teams on high-profile turnaround and restructuring assignments, including a +$100 million profitability and EBITDA improvement program, a liquidity management effort handling nearly $1 billion globally during a multi-jurisdictional restructuring process, and stress testing the business plan for a large public conglomerate ahead of an anticipated wave of disruption.

Ray has an MBA from the Leonard N. Stern School of Business at New York University and BA/MS degrees in Business Administration and Information Systems Management from Carnegie Mellon University.

Key Engagements:

  • Served as Deputy CRO of Cyxtera Technologies, a leading provider of data center colocation and network services, through its restructuring and successful sale to Brookfield.
  • Advised a multinational cloud communications and communications services company, during its comprehensive restructuring and turnaround process.
  • Advised Mallinckrodt, a global specialty pharmaceutical company, through its comprehensive restructuring of over $5 billion of prepetition funded debt and tort liabilities.
  • Advised a multi-national data management company that resulted in a swift prepackaged chapter 11 and the ability to begin implementing post-reorganization turnaround efforts.
  • Advised a diversified food business, where he facilitated a consensual out-of-court restructuring and supported post-restructuring margin enhancement initiatives.
  • Advised ModSpace, a leading provider of modular buildings, through its prepackaged chapter 11.
  • Advised secured lenders of Caesars Entertainment Operating Company, a US-based hotel and casino entertainment company, during its chapter 11 process, resulting in a meaningful recovery for the group.
  • Advised the secured lenders of a leading waste equipment manufacturer, resulting in a consensual out-of-court transaction.
  • Advised the unsecured creditors committee of Exide, a US-based lead-acid batteries manufacturing company.