SOURCE: MorrisAnderson

MorrisAnderson

January 21, 2015 13:19 ET

MorrisAnderson Promotes Mark J. Welch to Principal

CHICAGO, IL--(Marketwired - Jan 21, 2015) - MorrisAnderson, a financial and turnaround management consulting firm, has promoted Mark J. Welch to principal and shareholder. Formerly serving as managing director, Welch, 48, is based in Pittsburgh.

In his 18 years at MorrisAnderson, Welch has led numerous restructuring, turnaround and forensic projects using his expertise in bankruptcy, forensic accounting, cost reduction, asset recovery, restructuring plans and liquidations. In addition to holding interim management positions as chief restructuring officer, chief executive officer and chief financial officer, Welch has also testified in state and federal courts as an expert for fraud and bankruptcy cases.

Welch's experience has spanned numerous industries, from his current engagement as chief restructuring officer for Freedom Industries in the chemical industry, to a similar role at Gulfstream Crane, as well as numerous cases in automotive, credit card processing, and many other industries.

"Mark consistently delivers exceptional results for clients and is skilled at resolving complex issues such as the myriad of environmental issues he faced at Freedom Industries." said Dooley. "This is a well-deserved promotion that underscores his leadership ability not only on behalf of clients, but within MorrisAnderson as well."

Frequently sought after for speaking events and written publications, Welch spoke at the 2014 Annual National Policy Conference for Republican Lawyers, the 2013 CLLA Chicago Convention and has been published in the Journal of Corporate Renewal. In 2011, he was listed in The Deal's "Person to Watch."

Welch is a certified public accountant (CPA) and a certified turnaround professional (CTP), as well as a member of the American Institute of CPAs and the Turnaround Management Association. He received his accounting degree from Indiana University of Pennsylvania.

About MorrisAnderson
Headquartered in Chicago, MorrisAnderson is a middle-market consulting firm focused on underperforming and distressed companies. The firm's service offerings include financial advisory, interim, turnaround and crisis management, investment banking, performance improvement and litigation support. MorrisAnderson emphasizes hands-on involvement, consistent and reliable communication and a collaborative approach with stakeholders.

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