Steven Cohn
Chief Financial Officer
Quick facts
20+ years in restructuring and bankruptcies with experience in textiles, apparel and coal mining
Treasurer of Lehman Brothers during the bankrupcty process
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Steven Cohn is a Managing Director with Alvarez & Marsal Restructuring in New York. He specializes in leading troubled companies through the turnaround and restructuring process.

He also focuses on improving cash flow management, developing business plans, determining the appropriate financial structure for a company and negotiating with the various constituencies of a company in distress. With more than 15 years of restructuring experience, He has advised clients on out-of-court restructurings and on the intricacies of the bankruptcy process.

Mr. Cohn currently serves as Treasurer of the Lehman Brothers Holdings Inc. estate. His responsibilities include marshalling and investing, on a global basis, the billions of dollars to be collected prior to the plan of reorganization that will allocate the distributions over time. Lehman Brothers filed for bankruptcy in September 2008, the largest bankruptcy in U.S. history.

Prior to Lehman, Mr. Cohn served as Chief Restructuring Officer of Fedders Corp, a worldwide manufacturer and distributor of commercial and residential air conditioning and air treatment products. The Chapter 11 case, which included the sale of five major business units, was concluded within one year. He also served as financial adviser to Quaker Fabric during its multiyear restructuring efforts, which concluded with the refinancing of its bank and term debt. Previously, Mr. Cohn was the key operations and financial adviser to management at Horizon Natural Resources, the largest U.S. coal bankruptcy to date. The case was successful on both a commercial and public policy basis, with the sale of all the assets to a few purchasers who assumed more than $200 million in reclamation liabilities.

Earlier, he served as Chief Restructuring Officer and interim Chief Financial Officer for Kasper A.S.L., owner of the Anne Klein and Albert Nipon businesses, and the largest manufacturer of women's suits in the country. At Kasper, he was involved in C-level management changes, overhead cost reductions, closing of retail stores, inventory reductions, enterprise resource planning (ERP) systems implementation and variety of other business improvement projects, while negotiating a restructuring plan with banks and bondholders. He also served as Chief Financial Officer for Physician Computer Network, Inc., a medical software and hardware supplier for physician and hospital offices.

Before A&M, Mr. Cohn gained extensive experience in operations and finance for textile and apparel companies while serving as Chief Operating Officer of Misty Harbor apparel. At Misty Harbor, he directed the expansion of the product line beyond rainwear to jackets and outerwear, established the direct sourcing of products from the Far East without foreign agents and reduced the number of warehouses as excess inventory was sold and not replaced.

Mr. Cohn earned a bachelor's degree in economics from Tufts University and a master's degree in business administration, with a concentration in finance and accounting, from the Wharton School of Business. He is a non-practicing Certified Public Accountant (CPA) in New York and has also served as a Board member for Stelco, a Canadian public steel company.

NOTE: Alvarez & Marsal employs CPAs but is not a licensed CPA firm.