Todd Fleisher
Senior Director
Quick facts
Comprehensive experience with in-court and out-of-court financial and operational restructurings / bankruptcies
Strong foundation in financial forecasting, budgeting and cash flow modeling
Strong analytical skills and the ability to solve problems in crisis situations. Effective communicator with the ability and poise to efficiently determine areas for improvement and implement practical solutions
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+1 212 763 9557
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Todd Fleisher is a Senior Director with Alvarez & Marsal's North American Commercial Restructuring practice in New York, specializing in advising companies during in-court and out-of-court financial and operational restructurings.

With more than 13 years of restructuring experience, Mr. Fleisher has worked with companies ranging from $250 million to over $1.8 billion in revenue in the retail, telecommunications, oil & gas, coal mining, publishing, direct marketing and real estate industries.

He has extensive experience in the modeling and assessment of financial and operational restructuring strategies, cash flow forecasting, business plan projections, cost savings initiatives, liquidity management, retail store strategy (including store closings, lease concessions and early terminations), assessing employee compensation and severance programs, preparing and operating companies through the chapter 11 process, asset dispositions and wind-downs.

He recently served in an interim management capacity for Payless ShoeSource, Inc., which filed for bankruptcy protection in April 2017 and emerged in August 2017. Mr. Fleisher’s responsibilities included management and oversight of a 13-week cash flow model, treasury matters, preparation for the company’s chapter 11 filing, assistance with the structuring and review of vendor agreements and rationalization of Payless’ North American store footprint. For the firm’s efforts related to Payless, A&M was awarded “Restructuring Deal of the Year (Over $250 million)” by the M&A Advisor.

Mr. Fleisher also served in an interim management capacity for Patriot Coal Corp., which filed for bankruptcy protection in May 2015 and emerged in October 2015. For the firm’s efforts related to Patriot Coal, A&M was awarded “Transaction of the Year – Mega Company” by the Turnaround Management Association.

He has also worked with Cengage Learning, Inc., V2V Holding LLC (d/b/a Vertrue, Inc.), Orchard Brands Corp. and Crescent Resources, LLC.

Prior to joining A&M, Mr. Fleisher spent five years with The TJX Companies, Inc., where he served in various capacities in the Financial Planning & Analysis and Financial Control departments. He also served as a Director in the Corporate Finance practice of FTI Consulting, Inc.

Mr. Fleisher earned a bachelor’s degree in business management from Gettysburg College and an MBA from Northeastern University. He is a member of the Turnaround Management Association (TMA) and the American Bankruptcy Institute (ABI).