Lorenzo Callerio

Senior Director
19+ years of cross-border operational and advisory restructuring experience
Focuses on operational and financial restructuring and interim management
Works with telecommunications, energy, healthcare, retail, and automotive sectors
Chicago
@alvarezmarsal
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Lorenzo Callerio is a Senior Director with Alvarez & Marsal Restructuring & Turnaround in Chicago.

Mr. Callerio brings more than 19 years of experience in cross-border operational and financial restructuring, interim management, performance improvement, and change management as well as a background in corporate finance. He has served clients in various industries, including telecommunications, oil and gas, healthcare, fashion retail, renewable energy, waste management, and automotive.

Mr. Callerio’s notable recent assignments include working with T-Mobile, Windstream Communications, Diamond Offshore Drilling, Imerys Group, and Babcock & Wilcox. He served as interim manager alongside the head of Indirect Channel and Commercial Operations for a leading global medical technology company with a turnover of $1.4 billion on a broader pan-European transformation process. Previously, Mr. Callerio served as advisor of companies going through operational and financial restructuring procedures in Europe and North America.

Prior to joining A&M, Mr. Callerio served as manager with the M&A department of an Italian merchant bank listed in Milan. He worked on corporate finance, M&A and debt restructuring projects. Mr. Callerio began his career in the Transaction Services group at KPMG.

Mr. Callerio earned a BBA from Università Luigi Bocconi in Milan. He is a member of the Association of Insolvency and Restructuring Advisors (AIRA). An Italian national, Mr. Callerio is fluent in Italian and English.

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Thought Leadership
Financial distress is accelerating and becoming more entrenched across European businesses as mounting macroeconomic and geopolitical pressures eroded both earnings and balance sheet resilience in 2025. The latest A&M Distress Alert highlights 13.5% of companies in Europe are now classified as distressed, the highest level since at least 2022 and up from 8.6% in 2024.