May 16, 2019 – Julie Hertzberg, a Managing Director with Alvarez & Marsal’s (“A&M”) Restructuring & Turnaround practice and head of A&M’s Case Management Services division, has been named the new President of INSOL International (“INSOL”), a world-wide federation of national associations of accountants and lawyers who specialize in turnaround and insolvency. Ms. Hertzberg is the first woman to serve as INSOL’s President.
In a press release announcing the appointment, A&M stated that: “Ms. Hertzberg brings her significant international insolvency experience and credentials complemented by her commitment to promoting diversity within the international insolvency community. Currently, women account for about a third of the practitioners in the restructuring and insolvency profession and comprise 25 percent of INSOL’s membership.”
Bryan Marsal, CEO and Co-Founder of A&M, commented: “Julie exemplifies the values, professionalism and dedication that A&M and INSOL share. We are proud of Julie’s achievements at A&M and her contributions to INSOL. We applaud her vision to promote diversity within the insolvency community.”
Jason Baxter, INSOL’s COO, added, “Julie is an accomplished professional who has contributed significantly to INSOL and its initiatives over many years. It is an interesting time for INSOL and there are external challenges that it must respond to. I believe that Julie is the right President to help ensure the organization delivers what its members value, and what its stakeholders expect.”
For her part, INSOL’s new President further commented, “I am committed to strengthening INSOL and leading the needed transitions to maintain the organization’s relevance in the restructuring and insolvency community. My key priority is diversity; namely, generating greater interest from young professionals and increasing the number of women in leadership positions in the industry.”
Ms. Hertzberg, who trained as an attorney, specializes in complex Chapter 11 bankruptcy restructuring case preparation and management. She has more than 20 years of restructuring experience and has advised hundreds of bankruptcy proceedings. Ms. Hertzberg's team's most recent consulting assignments include: Lehman Brothers, Citadel Broadcasting, Visteon Corporation, Lear Corporation, Cooper Standard Automotive, The Chicago Tribune, SIRVA, Vertis and Aleris International.
Ms. Hertzberg earned a J.D. from the University of New Mexico and a bachelor's degree from the University of Virginia. She has been active in a number of industry organizations in addition to INSOL, including the Turnaround Management Association (TMA) and the American Bankruptcy Institute (ABI).