Contact Information: For More Information: Marjorie Dunn Manager, Marketing & Communications 312/254-0892
CHICAGO, IL--(Marketwire - October 2, 2007) - MorrisAnderson & Associates, Ltd., Chicago, is pleased
to announce that Howard R. Korenthal has
become a principal and equity owner of MorrisAnderson, effective October
1st.
"Since joining MorrisAnderson as a Managing Director in our Chicago office
in November 2006, Howard has done a superb job of helping us market our
entire suite of service offerings," says Principal Dan Dooley. "Howard is
a strong operations and financial projects leader, and his expertise is in
out-of-court business sales and liquidations via assignments for the
benefit of creditors.
"The leadership of MorrisAnderson decided several years ago that we wanted
to invest in the future of MorrisAnderson," Dooley adds. "We continue to
do that through service expansion, office expansion, brand marketing and
investment in great people. We are excited to welcome Howard on board to
help us in our efforts to continue to 'Maximize Value' for our clients for
many years to come."
Korenthal has nearly 30 years of experience working with financially
distressed and underperforming companies, serving in senior management,
interim management and consulting capacities. His extensive turnaround
expertise encompasses a broad range of industries, including manufacturing,
distribution, food processing and metal production.
During his career, Korenthal has worked for several nationally known
turnaround firms. He has been instrumental in more than 100 turnaround and
restructuring projects, working in the areas of improvement, cash flow and
viability analyses. He also has assumed leadership roles in negotiations
with senior creditors, unsecured creditors, liquidations, assignments for
creditors' benefit and complex Chapter 11 proceedings.
Korenthal is a certified public accountant and has a bachelor's degree in
accountancy from the University of Illinois at Urbana-Champaign. He is a
member of the Turnaround Management Association, the American Institute of
Certified Public Accountants and the Illinois Institute of Certified Public
Accountants.
About MorrisAnderson
Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee,
Los Angeles, Cleveland, Nashville and St. Louis. The firm's eight service
offerings include performance improvement, financial advisory,
turnarounds and workouts, investment banking, interim management, lender
services, information technology services, and insolvency services and
wind-downs. MorrisAnderson emphasizes hands-on involvement for companies
with $20 million to $250 million in annual sales. Now celebrating its 26th
anniversary, the firm recently merged with Centre Health Partners, a
management consulting firm specializing in financial and operational
performance improvement services for the health-care industry.
MorrisAnderson's new health-care division is in Nashville, Tennessee.
