27.01.2010 12:55:00

Huron Consulting Group Adds Restructuring & Turnaround Experts

Huron Consulting Group (NASDAQ: HURN), a leading provider of business consulting services, today announced that Stanley D. Garrison, Christopher H. Martorella and Hugh E. Sawyer have joined the Company as managing directors in the Restructuring & Turnaround group.

"Our restructuring and turnaround business has experienced increased demand as the economy continues to struggle with a recession that has yielded unprecedented financial strain on many companies. For the foreseeable future, we anticipate a steady stream of opportunities for growth in this business,” said James H. Roth, chief executive officer, Huron Consulting Group. "Stan, Chris and Hugh have extensive experience working with organizations in distressed situations and will be tremendous resources for Huron’s clients.”

Garrison has more than 25 years of management consulting, international business, and corporate finance experience working on organizational planning, operations management, and M&A transactions. He comes to Huron from Horizon Performance, where he served as chief executive officer and helped companies achieve performance goals through operational improvements. Prior to that position, Garrison served as a corporate finance partner with Ernst & Young. At Huron, Garrison will be focused on helping clients reduce costs, strengthen operations, and improve business performance.

Martorella has more than 23 years of commercial real estate experience in various capacities, as a lender, investor and operator with a specific focus on acquisitions, construction, financing, development, operations and asset management. Martorella comes to Huron from Urban Residential, a $1 billion commercial real estate investment and development company, where he served as chief executive officer. Throughout his career, he has worked with a broad array of sophisticated institutional investors and lenders to originate, underwrite, and restructure real estate investments across a variety of asset classes, including multifamily, hospitality, retail, office, industrial, senior housing, and gaming. At Huron, Martorella will be providing restructuring solutions to real estate companies under financial duress, lenders with extensive real estate exposure, and owners of complex transitional assets, including aborted construction projects and REO assets.

Sawyer has more than 30 years of experience leading turnarounds, bankruptcies, and merger and acquisitions for both public and private companies in assorted industries. Prior to joining Huron, Sawyer worked for Legendary, Inc., managing the turnaround of the privately held entity while serving as president of the holding company. Previously, he served as the president and chief executive officer of several entities, including Allied Holdings, Inc., where he assisted with its Chapter 11 bankruptcy. Sawyer has also served in numerous board roles, with the post-petition board of Spiegel, Inc. and Hines Horticulture, Inc., being among them. His role at Huron will be focused on helping distressed companies, creditor constituencies, and other stakeholders in connection with out-of-court restructurings and bankruptcy proceedings.

About Huron Consulting Group

Huron Consulting Group helps clients in diverse industries improve performance, comply with complex regulations, resolve disputes, recover from distress, leverage technology, and stimulate growth. The Company teams with its clients to deliver sustainable and measurable results. Huron provides services to a wide variety of both financially sound and distressed organizations, including leading academic institutions, healthcare organizations, Fortune 500 companies, medium-sized businesses, and the law firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!