SOURCE: MorrisAnderson

November 13, 2006 14:11 ET

Howard R. Korenthal Joins MorrisAnderson as Managing Director

CHICAGO, IL -- (MARKET WIRE) -- November 13, 2006 -- MorrisAnderson & Associates, Ltd., Chicago, is pleased to announce that Howard R. Korenthal has joined the company as a Managing Director in the company's Chicago office.

"We are excited to have Howard Korenthal on the MorrisAnderson team," says Principal Dan Dooley. "Howard has a great degree of successful experience in operational and financial advisory and interim management consulting over the last 25+ years. He will help us focus on out-of-court business sales and liquidations via receiverships and ABCs.

"This will not be Howard's exclusive role with MorrisAnderson, however," Dooley adds. "He is a strong operations and financial project leader and an accomplished CEO. As such, he will also help us market and provide the entire suite of MorrisAnderson's service offerings."

Korenthal has nearly 30 years of experience working with financially distressed and underperforming companies, serving in senior management, interim management and consulting. His extensive turnaround expertise encompasses a broad range of industries including manufacturing, distribution, food processing and metal production.

During his career, Korenthal has been instrumental in more than 100 turnaround and restructuring projects, working in the areas of improvement, cash flow and viability analyses, as well as negotiations with senior creditors, unsecured creditors, liquidations, assignments for creditors' benefit and complex Chapter 11 proceedings.

Before joining MorrisAnderson, Korenthal was a Managing Partner at Lake Pointe Partners. He previously was President and CEO of Connor Sports Flooring Corp., where he initiated cost-savings and profit improvement measures and led the company's efforts to receive ISO 9001:2000 certification. Connor Sports Flooring was the leading manufacturer of maple and synthetic sports floors in the United States until the company's sale in 2005.

Korenthal also was senior partner in the nationally recognized turnaround and consulting firm Silverman Korenthal & Co., based in Chicago. He 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, Delaware, Los Angeles, Cleveland and Nashville. 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, Tenn.

Contact Information

  • For More Information:
    Marjorie Dunn
    Manager, Marketing & Communications
    312/254-0892
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