Mallak Joins A&M

James Mallak has joined turnaround advisor Alvarez & Marsal as a managing director. He will be based in Detroit, and previously was CFO of Tower Automotive Inc.


Alvarez & Marsal (A&M), the leading independent global professional services firm specializing in turnarounds in the private and public sectors, announced that automotive industry veteran James Mallak, the former chief financial officer of Tower Automotive, Inc., has joined the firm as a managing director. He is based in A&M's Detroit office, which has become one of its fastest growing North American offices within the firm's North American Turnaround and Restructuring practice.

With more than 30 years of automotive industry experience, Mr. Mallak focuses on international financial management, corporate financial administration, merger and acquisition transactions and corporate restructuring. Prior to joining A&M, he served as chief financial officer of Tower Automotive, Inc., where he was instrumental in leading the global provider of structural stampings through a successful 21-month Chapter 11 restructuring.

“We are thrilled to have Jim join our Detroit-based team of professionals,” said Jeff Stegenga, a managing director and head of the Turnaround and Restructuring practice in the firm's Central Region. “His extensive automotive experience and financial leadership, as demonstrated by his guidance of Tower Automotive through its very successful turnaround, further strengthens our Detroit presence and enhances the depth of resources we are able to bring our client base.”

Mr. Mallak was previously executive vice president and CFO with Textron Fastening Systems and, prior to that, Textron Automotive Company, where he was responsible for overseeing the company's financial department. Prior to Textron, he was a vice president of finance with Meritor Automotive, Inc. Mr. Mallak began his career with ITT Automotive, Inc., where he held various roles with increasing responsibility.

Mr. Mallak received a bachelor's degree in accounting and an executive master's degree in business administration from Michigan State University. He is a member of the Institute of Management Accountants and the Advisory Board of Oakland University Accounting and Finance Department.

About Alvarez & Marsal:

For 25 years, Alvarez & Marsal has set the standard for working with organizations to tackle complex issues, boost performance and maximize value for stakeholders. As the leading, independent global professional services firm, Alvarez & Marsal excels at leadership, problem solving and value creation. Whether serving in interim management or advisory roles, the firm draws on a deep operational heritage and hands-on approach to deliver comprehensive performance improvement, turnaround management and corporate advisory services to clients ranging from international enterprises and middle-market companies to public sector and healthcare entities.

Serving businesses, investors and stakeholders around the world, Alvarez & Marsal is privately-held and entrepreneurial to the core, and delivers performance improvement with an edgeTM. With 1,200 professionals based on four continents, A&M brings a bias toward action and results. A&M's global services include Turnaround and Restructuring Advisory, as well as Interim and Crisis Management; Performance and Process Improvement; Transaction and M&A Advisory from pre-acquisition due diligence to asset sales; Alvarez & Marsal Taxand (founding member of Taxand global network of independent tax advisory firms in more than 42 countries); Dispute Analysis & Forensics; Real Estate Advisory; and Technology Asset Management.

Alvarez & Marsal has been consistently recognized for helping clients drive positive change with international awards from prestigious organizations and publications, including the Turnaround Management Association and Private Equity News.

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