SOURCE: MorrisAnderson

December 17, 2007 11:52 ET

David E. Mack Joins MorrisAnderson as Managing Director

CHICAGO, IL--(Marketwire - December 17, 2007) - MorrisAnderson & Associates, Ltd., Chicago, is pleased to announce that David E. Mack has joined the company as a Managing Director in the company's Chicago office.

"We are excited to have Dave Mack on the MorrisAnderson team," says Dan Dooley, principal. "We have been friends as well as competitors for over 10 years. I have tremendous respect for Dave professionally and personally. Dave has been one of the most sought after individuals in the profession, and we are honored that he has selected to join MorrisAnderson. Dave is regarded as an extremely talented and capable professional. The addition of Dave Mack represents another major step forward for the growing MorrisAnderson team. Dave will further increase our interim management, financial advisory and investment banking capabilities."

Mack has extensive experience in working with management and boards of directors at financially distressed organizations, helping them achieve successful outcomes and meet the needs of both shareholders and creditors. His diverse background includes working as an operating executive, a financial executive and an investment banker, serving both as a turnaround professional and a financial adviser.

During his successful restructuring experience, Mack's roles have included CEO, president, CFO, chief restructuring officer and special adviser and consultant to the board of directors. His clients have included Arkay Plastics, Quest Industries, Farm Fresh Catfish, Metro Financial Services, Salerno Cookie, Totally Organized Stores, Poter Construction and Development, Wisconsin Tool & Stamping and MacCal Management Inc.

Before joining MorrisAnderson & Associates, Mack was a senior managing director with Mesirow Financial Consulting and a managing partner of White Oak Group. He previously founded Mack Resources, a private investment firm, and was president and chief operating officer at LPI Corporation, a Michigan office furniture and automotive supplier. He also has been director of new business development and corporate controller at Allnet Communications Services Inc., a $400 million public telecommunications company, and was manager, corporate finance at GTE Corporation.

A certified turnaround professional, Mack is a recent past president of the Chicago/Midwest Chapter of the Turnaround Management Association and a director of the Association's International Board. He holds a bachelor's degree in mathematics and economics from Ohio Wesleyan University and a master's degree in finance from New York University Graduate School of Business.

About MorrisAnderson

Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Los Angeles, Cleveland, Nashville and St. Louis. The firm's nine service offerings include performance improvement, financial advisory, investment banking, interim management, lender services, turnarounds and workouts, litigation and valuation, 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, Tenn.

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