Bill Kosturos
Managing Director
Quick facts
Vice-Chair of the U.S. Restructuring Practice
Member of the firm's Executive Committee for U.S. Restructuring
25+ years of operational experience as an interim manager and financial adviser to both debtors and creditors in and out of Chapter 11 proceedings
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Bill Kosturos is a Managing Director with Alvarez & Marsal in San Francisco and Vice-Chair of the U.S. Restructuring Practice. He is a member of the firm's Executive Committee for U.S. Restructuring.

He specializes in interim management and advising boards of directors, investment groups, management groups and lenders in a wide range of turnaround, restructuring and reorganization situations. With more than 25 years of operational experience as an interim manager and financial adviser to both debtors and creditors in and out of Chapter 11 proceedings, Mr. Kosturos has been involved in all aspects of the reorganization process, including formulating and evaluating business plans and capital structure, developing turnaround strategies, preparing forecast models and short- and long-term cash plans. He has direct experience in corporate acquisitions, divestitures and refinancing in a diverse set of industry sectors, including retail, consumer brands, financial services and energy.

Mr. Kosturos led the team from A&M serving as the court appointed Monitor in Target Canada's CCAA proceedings. In this capacity Mr. Kosturos lead the wind down of Target's retail and distribution operations in Canada, the liquidation of inventory and the sale of leasehold and freehold assets of the business.

Previously, he served as the restructuring adviser to Cengage Learning Inc., where he led the business planning process for their five-year plan, the cost reduction initiatives, the weekly cash-flow model, the Chapter 11 planning process and evaluated the company's leases and contractual obligations.

Mr. Kosturos was also the Chief Restructuring Officer for Washington Mutual (WMI), negotiating an approximately $6.5 billion settlement with JPMorgan and the FDIC resulting in a recovery of more than 100 percent for all unsecured creditors and a recovery for equity holders. In addition, Mr. Kosturos stabilized the situation and established a new organization at WMI from the one employee that remained after the seizure of the bank.

Other notable advisory or management roles include: Movie Gallery, The Spiegel Group (which owned Eddie Bauer), Pacific Gas & Electric Company, Tri-Valley Growers, Levi Strauss, Webvan Group, Sunshine Biscuits, Clothestime, Hexcel Corp. and Spreckels Industries.

Mr. Kosturos earned a bachelor's degree in accounting from the University of San Francisco. He is a member of the Turnaround Management Association (TMA) and the American Bankruptcy Institute (ABI).