David Coles
Managing Director
Quick facts
25+ years of financial restructuring experience
Specializes in business performance improvement, profitability analysis, working capital management and interim management
Areas of expertise include the formulation and implementation of restructuring plans and performance improvement for underperforming and healthy businesses
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David Coles, a Managing Director with Alvarez & Marsal North America Commercial Restructuring LLC, has more than 25 years of financial restructuring experience. He specializes in performance improvement and interim management for underperforming businesses.

Mr. Coles has deep experience working with executive teams in senior advisory and interim C-suite roles. His experience spans both public and private companies in multiple industries with a recent focus on consumer products, financial services and real estate.

Most recently, Mr. Coles served as CEO of Campus Crest, a publicly traded REIT specializing in college student housing. Prior to that, he was a restructuring advisor to M*Modal Inc. a provider of transcription services and ASR software. He was CFO of PHH Corp, a public, residential mortgage originator and servicer and fleet management business. At PHH, he led the internal and external financial reporting, capital raising, rating agency and investor communications.

As CFO of Lehman Brothers Holdings Inc., he was involved in the initial crisis management and liquidity generation phases. Previously, Mr. Coles' assignments included Leiner Health Products Inc. where, as interim CFO/CRO, he managed the operational reengineering and financial restructuring of this vitamin, mineral and supplement business.

As an adviser to the parent company, Mr. Coles led profitability improvement projects at three consumer businesses (Precor, West Bend and Florida Tile). He is currently a board member of Euro-Pro Holdings, Inc. a $1 billion+ consumer products business he co-led during its financial and operational restructuring. From negative EBITDA in 2006, the business is generating industry leading levels of EBITDA today. He had previously served as COO at Applica, a licensor of Black & Decker in the kitchen appliance space.

Prior to joining A&M in 1997, Mr. Coles was with the restructuring group of a Big Five accounting and consulting firm in New York, having transferred from its U.K. practice.

Mr. Coles earned a bachelor's degree from the University of Wales Institute of Science & Technology in Cardiff, U.K. He has passed the examinations of the Institute of Chartered Accountants in England and Wales.