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CHICAGO, April 29, 2019 (GLOBE NEWSWIRE) -- Steve Hodkinson has joined Virtas Partners as Managing Director. Virtas Partners is an advisory firm helping clients successfully navigate key transitions, including corporate restructurings, IPOs, capital placements and carve-outs.
“Steve brings to Virtas four decades of experience in financial and operational leadership roles to support our clients in addressing their most critical needs in times of transition and change. He brings a seasoned and pragmatic presence to Virtas, with in-depth hands-on capabilities in managing global finance organizations, reorganizing finance functions and processes, and establishing ‘right-sized’ reporting structures to support company business objectives,” said Virtas co-founder and Managing Partner Neal McNamara. “Steve will also play a key role for Virtas as we expand our capabilities in restructuring and supporting companies through Chapter 11 bankruptcy.”
Hodkinson joins Virtas following more than 16 years at global consulting firm AlixPartners, where he helped client companies resolve organizational and operational challenges and was a key part of successful turnarounds and restructurings of multi-national companies in North America and Europe. He also served in several interim Chief Financial Officer (CFO) and Chief Accounting Officer (CAO) positions for public and private clients in various industries, as well as assuming accounting and reporting advisory roles for companies in Chapter 11 bankruptcy.
Prior to joining AlixPartners, Hodkinson had CFO and CAO roles at a number of global organizations. In these roles, Hodkinson had responsibility for accounting and finance organizations in a total of more than 20 countries, directing turnarounds of troubled operations as well as leading the acquisition and integration of numerous businesses.
“In a broad mix of leadership roles at public and private companies in diverse industries, Steve has developed a proven track record of successful transaction execution and achievement of performance objectives,” said Virtas co-founder and Managing Partner Timothy P. Czmiel.
Czmiel added, “Steve is an outstanding fit for our firm with his fundamental belief that a collegial and inclusive culture, aligned to our clients’ success, creates the most value.”
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Virtas Partners is an advisory firm preparing companies for their most critical transitions:
Virtas Partners: Trusted. Proven. Our team dedicated to your success. www.virtaspartners.com
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e47b7534-7b23-4ad4-ba08-68b84b8d6b93
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