• Appoints new Managing Director, Tjeerd Groot

• Expands presence in Western Australia surpassing 20 full-time local employees

• Opens new Perth office in iconic Newspaper House on St Georges Terrace

PERTH, AUSTRALIA, April 22, 2024 – Leading global professional services firm Alvarez & Marsal (A&M) is pleased to announce the appointment of Tjeerd Groot as a Managing Director to lead A&M’s energy & resources sector offering in Perth.

Mr. Groot’s appointment coincides with a significant expansion of A&M’s Western Australia presence and the opening of a new Perth office in the iconic Newspaper House on St Georges Terrace. These developments highlight A&M’s significant regional growth since its ANZ business commenced in 2022. Perth continues to be an important part of A&M’s ANZ business, contributing over one third of national revenues since inception. A&M’s Perth team now surpasses 20 full-time local employees with expertise across all of A&M’s core business offerings: Corporate Performance Improvement, Global Transaction Advisory, Global Restructuring & Turnaround, Disputes and Investigations and Infrastructure & Capital Projects.”

Igor Sadimenko, Managing Director and Country Head for Performance Improvement, commented, “We have seen tremendous client momentum across all our business lines in Australia. A&M’s rapid expansion in the West aligns with A&M’s Australian growth strategy, while advancing the firm’s regional capabilities and bolstering our ability to help our clients drive change. It is a further demonstration of our long-term commitment to Australia.”

Mr. Groot is the fifth Managing Director to join A&M’s Perth office since its establishment in 2022.  He brings nearly 20 years of experience predominantly advising energy and mining clients.

Nick Reid, Managing Director and Head of A&M’s Perth office, noted, “We’re delighted to have someone of Tjeerd’s caliber join our team. His vast experience delivering strategic corporate performance improvement programs and large-scale transformations positions us well to help our clients boost their performance and successfully navigate the energy transition.

“As a leading energy & resources sector consultant, Tjeerd’s combined consulting and industry expertise synchs with A&M’s operational approach and results-oriented mindset. His appointment furthers our ability to leverage our integrated platform to drive change for our Western Australia clients across multiple industries.”

Mr. Groot commented, “A&M’s entrepreneurial culture and commitment to solving complex organisational problems dovetails with my background. The firm’s global network of boots-on-the-ground professionals and strong bottom-line driven approach to implementing corporate and operational performance improvements are key market differentiators that provide a powerful means for helping my clients achieve their performance goals.”

About Alvarez & Marsal

Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) for leadership, action and results. Privately held since its founding in 1983, A&M is a leading global professional services firm that provides advisory, business performance improvement and turnaround management services. When conventional approaches are not enough to create transformation and drive change, clients seek our deep expertise and ability to deliver practical solutions to their unique problems.

With over 9,000 people providing services across six continents, we deliver tangible results for corporates, boards, private equity firms, law firms and government agencies facing complex challenges. Our senior leaders, and their teams, leverage A&M’s restructuring heritage to help companies act decisively, catapult growth and accelerate results. We are experienced operators, world-class consultants, former regulators and industry authorities with a shared commitment to telling clients what’s really needed for turning change into a strategic business asset, managing risk and unlocking value at every stage of growth.

To learn more, visit: AlvarezandMarsal.com. 

Contact: Sandra Sokoloff, Senior Director of Global Public Relations, Alvarez & Marsal, +1 212 763 9853