Restructuring and Interim Management Professional David Phelps Joins Brincko Group as Senior Managing Director, Heads Firm's New Chicago Office

LOS ANGELES, April 19, 2011 /PRNewswire/ -- David N. Phelps, a nationally recognized financial and operational restructuring professional, has joined the Brincko Group as Senior Managing Director and head of the firm's new Chicago office. As Senior Managing Director, he will report to John Brincko, President of Sitrick Brincko Group LLC.

Mr. Phelps has more than 30 years of operational and financial leadership experience, and for the past 10 years has served in senior advisory and interim management roles for companies undergoing both in-court and out-of-court restructurings. Mr. Phelps will lead the Chicago office and be responsible for national accounts.

Prior to joining Brincko, Mr. Phelps served as Co- Managing Member and Chief Operating Officer of Bridge Associates LLC, a boutique financial advisory and consulting firm providing interim management, financial advisory and valuation/solvency consulting services to a diverse group of clients, with positions throughout the capital structure. While at Bridge, Mr. Phelps advised clients in various industries, including media, manufacturing, financial services, distribution, retail, construction, energy, and transportation logistics with market capitalizations ranging from lower middle market companies to publicly-traded fortune 100 companies.

"David's depth and breadth of experience in both large and mid-cap restructurings and his ability to handle many roles make him a tremendous addition to the Brincko team," Mr. Brincko said. "We are delighted to have him lead our new Chicago office and work with us in our worldwide practice."

Mr. Phelps' practice will focus on debtor work, representation of secured creditors, litigation support, and management of orderly wind-down situations. He has previously served as interim Chief Executive Officer, interim Chief Restructuring Officer, and interim Chief Financial Officer for companies undergoing both financial and operational restructurings. Additionally, Mr. Phelps has served as an advisor to various corporate boards and as litigation trustee, liquidation trustee, and plan administrator in Chapter 11 cases.

Mr. Phelps earned a Bachelors of Science in Accounting from Indiana University and is a Certified Public Accountant. He is a member of the American Bankruptcy Institute, the Turnaround Management Association, the American Institute of Certified Public Accountants, the National Council for the Valparaiso University School of Business, and various other professional organizations.

The Brincko Group provides the following global services:  operational and financial turnaround and restructuring; corporate and financial advisory; interim and crisis management; dispute resolution; litigation support; and bankruptcy claims administration and management.  The Brincko Group is a unit of Sitrick Brincko Group LLC, which is comprised of Sitrick And Company and the Brincko Group. Sitrick And Company is an international strategic and crisis communications firm. SBG is a wholly-owned subsidiary of Resources Connection Inc. (NASDAQ: RECN). The firm has offices in Los Angeles; Riverside and Santa Monica, CA; New York; Chicago; San Francisco; and Miami.

SOURCE Sitrick Brincko Group LLC