Michel Govaert
Managing Director
Quick facts
25+ years of restructuring and international performance improvement experience
CFO of Stage Entertainment
CFO and CRO of VION FOOD Germany
Led settlement discussions between the Dutch Railways and Finmeccanica regarding the dispute over the V250 high speed trains
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+31 20 76 71 111
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Michel Govaert is a Managing Director with Alvarez & Marsal, practicing more than 25 years of restructuring and international performance improvement. He is experienced in leading complex engagements and working with supervisory boards, management teams, lenders and sponsors for companies requiring significant operational and financial improvement.

He has managed and advised clients in a wide range of industries, including apparel, aviation, consumer goods, entertainment, manufacturing, railway and retail.

At A&M, he served on the Management Board as CFO of Stage Entertainment, a €500 million entertainment portfolio company, where he led the creation of a cash culture and increased liquidity, established a rigorous planning and control cycle, improved the decision-making and investment processes and led a program to transform the IT-infrastructure.

Mr. Govaert served as CRO and CFO of VION FOOD Germany, a €4 billion meat-processing business. He led a 35 percent Ebitda improvement program, including a footprint optimization with 500 Fte reduction, logistic savings and an SSC implementation, substantially improving the quality of financial information and forecast stability. He supported the divestment of the circa €500 million Convenience business.

Mr. Govaert served as CRO of the HRN-HSL concession project, a €30 billion+ contract. He worked with management in negotiating a solution with the Dutch government that resulted in the entity’s avoiding bankruptcy, with a reduction of circa €1 billion in concession fee and interest expense and obtaining an integrated concession for both inter-city and high-speed trains.

Mr. Govaert advised a €500 million private equity portfolio company, where he achieved a 20 percent working capital reduction within three months and a 40 per cent reduction by year end. Earlier, he advised a $2 billion cargo airline and led the development of a turnaround plan that allowed it to obtain waivers for covenant breach and secure lender commitments to finance the first phase of a fleet upgrade and the firm's recapitalization.

Mr. Govaert served as the CFO of NAS, the first and the largest private airline group in Saudi Arabia, which operates a low cost carrier and manages the Middle East Net Jets franchise (NJME) with a $250 million turnover and more than 100 aircrafts on order. There, he led the development of an annual operating plan, implemented a weekly cash management system and improved working capital.

Mr. Govaert worked with Royal Philips Electronics in various roles, including CFO of the Hua Fei and Hua Pu joint ventures in China, a $550 million business, regional CFO of Domestic Appliances and Personal Care in Singapore and CFO of Philips Peru.

Mr. Govaert earned a master's degree in business administration from Tilburg University in the Netherlands. He is a certified management accountant and is certified in financial management. A Dutch national, he is fluent in English, Dutch and Spanish, and speaks conversational German.