NEW YORK /PRNewswire/ -- AlixPartners, the
global advisory firm, announced today that Simon Freakley has been appointed Co-CEO alongside
the current CEO Fred Crawford. They will work together in this role
until 1
January 2016 at which time Simon Freakley will become sole CEO of
AlixPartners. Fred Crawford will take on a new role within the
firm and remain a member of the Board.
Simon Freakley joined the firm as a Managing
Director in February 2015 when AlixPartners acquired Zolfo
Cooper Europe, where Simon had been CEO for seven years. Zolfo
Cooper Europe was a leading independent provider of advisory and
restructuring services. Previously he had been Global CEO of Kroll
Inc, based in New
York, from 2004-2008.
Fred Crawford, Current CEO, announced, "I am
delighted that we are appointing Simon, initially as my partner in
this role, and shortly to lead the firm. I have been CEO for eight
of the 11 years that I have been with the firm and, from a personal
perspective, now is the right time for me to pass on the leadership
baton while continuing to serve my colleagues and our clients as an
active Managing Director and member of the Board. AlixPartners is a
very special place to be and I have a deep belief and commitment to
the work that we do and the way our people deliver it.
"I
got to know Simon well through the process to acquire Zolfo Cooper
Europe and since he joined the firm I have been impressed by his
strategic thinking, operational insight, and empathic approach to
building relationships. I look forward to working closely with him
during these next few months and have no doubt that he will be a
highly effective leader of our business."
Simon Freakley said, "I am delighted and
honored to take on this role. I had long
admired AlixPartners before our firms came together, and
since joining I have been struck by the depth of capability,
ambition, and client commitment that exists throughout the firm.
"Fred
has been an outstanding CEO and this will be a great opportunity to
work even more closely with him during our transitional period and
beyond. AlixPartners is an extraordinary firm with a
bright future and I look forward to what our people and our
clients will be able to achieve as we create the next chapter
together."
Chris Stadler, Managing Partner at CVC Capital
Partners commented, "On behalf of the AlixPartners' Board, I would
like to thank Fred for all that he has done as CEO and commend him
for the growth and success which the firm has enjoyed under his
leadership. We believe that we have chosen an outstanding
executive in Simon to succeed him and we look forward to supporting
him during this period of transition and in his new role."
Notes to Editors;
Simon Freakley:
Client-serving highlights:
Community roles:
About AlixPartners
AlixPartners is a leading global business advisory firm of
results-oriented professionals who specialize in creating value and
restoring performance at every stage of the business lifecycle.
AlixPartners people thrive on the ability to make a difference in
high-impact situations and deliver sustainable, bottom-line
results. The firm's expertise covers a wide range of businesses and
industries whether they are healthy, challenged, or distressed.
Since 1981, the business has taken a unique, small-team,
action-oriented approach to helping corporate boards and
management, law firms, investment banks and investors respond to
critical business issues. For more information, visit http://www.alixpartners.com.