TMA to Induct a Class of 10 into Its Turnaround, Restructuring, and Distressed Investing Industry Hall of Fame

CHICAGO, June 27, 2013 /PRNewswire-USNewswire/ -- The Turnaround Management Association (TMA) has announced that 10 icons will be inducted into the Turnaround, Restructuring, and Distressed Investing Industry Hall of Fame in 2013. The inductees will be honored during The TMA Annual, taking place October 3-5 at the Marriott Wardman Park in Washington, D.C.

"As TMA celebrates its 25th anniversary in 2013, it is a great privilege to honor 10 highly-esteemed professionals who have excelled in and advanced our industry," says Ronald R. Sussman, TMA chairman and partner in Cooley LLP's Corporate Restructuring group. "The contributions of these inductees have done much to elevate the corporate restructuring community generally and TMA in particular."

This year's class is the second to be honored following the induction of the inaugural class in 2008 during TMA's 20th anniversary year. The Hall of Fame was created by TMA to honor those whose outstanding individual contributions have made a lasting positive impact on an industry dedicated to stabilizing underperforming companies, rebuilding corporate value, and retaining jobs.

"Whether a Certified Turnaround Professional, attorney, investor, financial advisor, or judge, this year's inductees have played significant roles in improving countless companies over the years, and serve as role models for our industry's professionalism," says Thomas M. Kim, CTP, TMA president and managing director and founder, r2 advisors, llc. "We look forward to celebrating their accomplishments and service to the industry."

Following are the 10 inductees of the 2013 Turnaround, Restructuring, and Distressed Investing Industry Hall of Fame class:

Timothy R. Coleman, The Blackstone Group
Hon. James M. Farley, QC, McCarthy Tetrault LLP
Hon. Arthur J. Gonzalez, New York University, School of Law
Kenneth N. Klee, Klee, Tuchin, Bogdanoff & Stern LLP
Albert A. Koch, CTP, AlixPartners LLP
M. Freddie Reiss, CTP, FTI Consulting
Barry W. Ridings, Lazard Freres & Co LLC
Sheila T. Smith, Deloitte Financial Advisory Services LLC
James H.M. Sprayregen, Kirkland & Ellis LLP
Bettina M. Whyte, CTP, Alvarez & Marsal

In addition and importantly five past TMA chairpersons will be inducted this year as honorary members of the Hall of Fame:

Mark S. Indelicato, 2012 TMA Chairperson, Hahn & Hessen LLP
Lisa M. Poulin, CTP, 2011 TMA Chairperson, Deloitte CRG
Patrick C. Lagrange, 2010 TMA Chairperson, Carl Marks Advisory Group LLC
Arthur T. Perkins Jr., 2009 TMA Chairperson, Arthur Perkins Consulting
William E.J. Skelly, 2008 TMA Chairperson, Heenan Blaikie LLP

For a list of past inductees, visit turnaround.org.

About the Turnaround Management Association

The Turnaround Management Association (turnaround.org) is the leading organization dedicated to turnaround management, corporate restructuring, and distressed investing. Established in 1988, TMA celebrates its 25th anniversary with more than 9,000 members in 48 chapters worldwide, including 31 in North America. Members include turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters, and consultants, as well as academic, government, and judicial employees.

For more details on the inductees or interview requests, please contact Dan Goldberg, TMA Director of Marketing & Communications, [email protected] or 312-578-2042.

SOURCE Turnaround Management Association