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