Most recently, Mr. Tibus served as the Chief Operating Officer (COO) of Max & Erma’s, a $150-million chain of casual dining restaurants in Chapter 11. In this role, he oversaw day-to-day operations for the entire chain and implemented a series of initiatives designed to improve store-level and corporate operations. There, he addressed critical repairs and maintenance issues, re-established a marketing presence, and retooled training, menu development and IT functions. He worked with the various interested parties to manage the bankruptcy process, develop a plan of reorganization, overcome significant objections to the sale and efficiently transition the company’s operations to the new buyer.
Prior to that, he served as Chief Restructuring Officer to a $140 million retailer of men’s apparel, where he led efforts to streamline operations, establish financial planning and control systems, and evaluate various potential restructuring options.
Other recent roles include serving as restructuring adviser to an 85-unit casual dining restaurant chain, financial adviser to the ad-hoc bondholder committee of a $1 billion chain of family dining / buffet-style restaurants and as VP Finance and Operations of a $120 million tobacco company. Mr. Tibus has worked with clients across a broad range of industries, including restaurants, retail, construction and healthcare, and has experience in general manufacturing of textiles, steel and heavy equipment. Prior to joining A&M, Mr. Tibus was a manager in the restructuring practice of a Big Five consultancy.
Mr. Tibus earned a bachelor's degree from Florida State University and an MBA from the University of Florida. He is a Certified Insolvency and Restructuring Advisor (CIRA) and a member of the Association of Insolvency and Restructuring Advisors (AIRA) and the American Bankruptcy Institute (ABI).