Lawrence Young

Lawrence Young Email and Phone Number

Managing Director, Turnaround and Restructuring @ AlixPartners
Houston, TX, US
About Lawrence Young

I partner with senior management teams in leading multinational companies through difficult strategic and operational transformations, including mergers, acquisitions, divestitures, crises management and restructuring. While living and working in over ten different countries, I have demonstrated successes in helping companies in the telecommunications, real estate/hospitality, media, and entertainment sectors. Because each of these companies had different challenges, I have delivered results in a variety of roles, serving as advisor and as senior management.I graduated from the Wharton School of Business with an MBA and concentrations in finance and accounting and graduated from DePauw University with a Bachelor of Arts degree in Economics and Applied Mathematics. I am certified public accountant and a Certified Insolvency and Restructuring Advisor, and currently serve on the Board of Directors at DePauw University, Minorities In Restructuring and Alternative Investment, and the Col. Charles Young Foundation. As a father of two lovely daughters, I enjoy photography, scuba diving, cooking, golf, and cycling.

Lawrence Young's Current Company Details
AlixPartners

Alixpartners

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Managing Director, Turnaround and Restructuring
Houston, TX, US
Website:
alixpartners.com
Employees:
3851
Lawrence Young Work Experience Details
  • Alixpartners
    Managing Director, Turnaround And Restructuring
    Alixpartners
    Houston, Tx, Us
  • Alixpartners
    Managing Director, Turnaround & Restructuring
    Alixpartners 1998 - Present
    New York, Ny, Us
    I am a results-oriented senior executive with demonstrated successes in leading multinational companies through difficult strategic and operational transformations, including mergers, acquisitions, divestitures, and restructurings. With over 25 years of experience, I have served in a variety of capacities all over the world including Europe, South America, and the Middle East. I have hands-on operational experience serving as a line officer and in the senior executive suite. I’ve also led advisory teams working with senior management to execute complex restructurings with a track record of improving financial returns by driving costs and refocusing operations.
  • Reader'S Digest, Inc.
    Lead Advisor
    Reader'S Digest, Inc. 2009 - 2010
    Readers Digest was multi-national conglomerate with over 40 entities providing jewelry, merchandise, financial services, vitamins, wine, music, and over 90 magazine titles. I served as the senior advisor and led the professionals and management team through an operational and financial restructuring. I led the restructuring of over $2 billion in long term debt and reduced annual operating costs by over $100 million in six months with a plan to capture an additional $100 million over the next year. Operations in Europe were restructured and selected global markets were exited. I was also responsible for leading international pension and labor negotiations and reduced corporate liabilities by over $200 million.
  • Levitt & Sons
    Chief Restructuring Officer
    Levitt & Sons 2007 - 2008
    I served as the CRO of a subsidiary of a public company. Levitt and Sons (“LAS”) was one of the 50 largest residential home builders in the United States with operations located in the Southeast. LAS was the nation’s first builder of planned suburban communities and is best known for creating New York's Levittown in Long Island. Founded in 1942, that company built approximately 200,000 homes. Activities consist of negotiations with five secured lenders in multiple states, preparing and leading the 37 debtors in Chapter 11 proceedings, and the development of both and operational and financial restructuring.
  • At&T Latin America
    Ceo And Cfo
    At&T Latin America 2002 - 2005
    AT&TLA was the product of AT&T’s acquisition and development of three telecommunications companies operating in five countries located throughout South America. Prior to the retention of AlixPartners, the Company reported that it had identified a $100 million funding shortfall. As the new Chief Executive Officer for AT&T Latin America, a public company with over $1 billion in assets, I immediately implemented an enterprise-wide restructuring reducing costs by over 40% which included material modifications to key financial and operating roles, responsibilities, and controls at each of the five subsidiaries. After the implementation of the restructuring, the Company met or exceeded each of its forecasts and generated cash profits of over $20 million. After the company had been stabilized, I led a multinational debt restructuring of over $1 billion in secured and unsecured debt, and negotiated the sale of the company to Mexico’s telecommunications giant, Telefonos de Mexico SA at a multiple of ten-time prior year EBITDA.
  • Sunterra Corporation
    Chief Financial Officer / Chief Restructuring Officer
    Sunterra Corporation 2000 - 2004
    The world’s largest publicly traded timeshare developer with over $500 million in annual sales, 6,000 employees, 89 resorts in twelve countries, and over $1 billion in total assets. The Company experienced cash operating losses of over $10 million per month with limited visibility to actual operating costs or future cash requirements. As Chief Financial Officer and Chief Restructuring Officer, I led the company in implementing new financial controls while also driving a new strategic initiative designed to refocus the company’s operations on key geographic areas with a customer centric focus. These changes returned the company to a cash positive basis in less than one year. In addition, due to the limited financial controls upon my arrival, I also led in the restatement of the company’s previously issued financial statements successfully negotiating resolutions with the SEC and other reporting agencies in Europe.

Lawrence Young Skills

Mergers And Acquisitions Restructuring Corporate Finance Private Equity Acquisition Integration Management Consulting Financial Analysis Executive Management Finance Valuation Investments Financial Reporting Investment Banking Management Managerial Finance Due Diligence Business Strategy Financial Modeling Strategy Bankruptcy Strategic Financial Planning Mergers

Lawrence Young Education Details

  • The Wharton School
    The Wharton School
    Accounting And Finance
  • Depauw University
    Depauw University
    Economics And Computational Math

Frequently Asked Questions about Lawrence Young

What company does Lawrence Young work for?

Lawrence Young works for Alixpartners

What is Lawrence Young's role at the current company?

Lawrence Young's current role is Managing Director, Turnaround and Restructuring.

What is Lawrence Young's email address?

Lawrence Young's email address is ly****@****ers.com

What is Lawrence Young's direct phone number?

Lawrence Young's direct phone number is +144028*****

What schools did Lawrence Young attend?

Lawrence Young attended The Wharton School, Depauw University.

What are some of Lawrence Young's interests?

Lawrence Young has interest in Cooking, Economic Empowerment, Civil Rights And Social Action, Environment, Education, Scuba Diving, Cycling, Photography, Golf, Arts And Culture.

What skills is Lawrence Young known for?

Lawrence Young has skills like Mergers And Acquisitions, Restructuring, Corporate Finance, Private Equity, Acquisition Integration, Management Consulting, Financial Analysis, Executive Management, Finance, Valuation, Investments, Financial Reporting.

Who are Lawrence Young's colleagues?

Lawrence Young's colleagues are Davide Bernardini, Lindy Firstenberg, Martin Mair, David Garfield, 四宮豪, Winnie Monu, Pmp, Mannanjeet Dhillon.

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