BusinessBusiness RecoveryZolfo Cooper boss lined up as next AlixPartners CEO

Zolfo Cooper boss lined up as next AlixPartners CEO

AlixPartners says boss of recently acquired Zolfo Coooper will succeed Fred Crawford as chief executive next year

TURNAROUND adviser AlixPartners has lined up Simon Freakley, the former CEO of recently acquired restructuring specialist Zolfo Cooper, as its next boss.

Freakley, who joined the firm as a managing director in February 2015 when AlixPartners acquired Zolfo Cooper Europe, where he had been CEO for seven years, will serve as co-CEO with Fred Crawford until 1 January 2016.

Crawford will take on a new role within the firm and remain a member of the board.

“I have been CEO for eight of the 11 years that I have been with the firm and, from a personal perspective, now is the right time for me to pass on the leadership baton,” said Crawford.

“I got to know Simon well through the process to acquire Zolfo Cooper Europe and since he joined the firm I have been impressed by his strategic thinking, operational insight, and empathic approach to building relationships.”

Freakley was previously global CEO of Kroll between 2004 and 2008.

“I had long admired AlixPartners before our firms came together, and since joining I have been struck by the depth of capability, ambition, and client commitment that exists throughout the firm,” Freakley said.

In February, AlixPartners acquired the UK and European arm of Zolfo Cooper in deal reportedly worth $100m (£65m). The deal expanded AlixPartners’ UK and continental European practice and will add 200 senior professionals to its operations across the region. Operating from offices in London, Birmingham, Leeds, Manchester, and Glasgow the arrival of the Zolfo Cooper team will create a regional practice of close to 600 people.

Related Articles

How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4w Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

1m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

1m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

2m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

2m Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

3m Emma Smith, Managing Editor
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

8m Emma Smith, Managing Editor
Kingston Smith liquidators to distribute millions to Bond International Software PLC members

Accounting Firms Kingston Smith liquidators to distribute millions to Bond International Software PLC members

1y Stephanie Wix, Writer