AlixPartners Adds Eric Kronenberg as a Managing Director

Has deep experience in aerospace and defense

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| Source: AlixPartners

NEW YORK, N.Y., Jan. 28, 2014 (GLOBE NEWSWIRE) -- AlixPartners, the global business advisory firm, today announced that Eric Kronenberg has joined the firm's global Enterprise Improvement group as a managing director. Kronenberg, who joins AlixPartners from Booz & Company, has deep experience in aerospace and defense, as well as managing complex development and production programs in that and other industries.

Kronenberg has extensive experience in reducing military and space platform costs, and improving the efficiency and effectiveness of companies in such areas as research and development, business capture, program management, supply-chain management and operations. Kronenberg also has substantial experience working across maritime, space, air and land domains, as well as on mergers and acquisitions such as by providing due diligence and post-acquisition restructuring support.
 
Said Fred Crawford, CEO of AlixPartners: "Eric is a professional with impressive credentials and experience, who will bring added depth to our global aerospace and defense offering as well as to other offerings. His hiring is yet another example of our impressive growth of late."
 
Said Kronenberg: "I'm thrilled to be joining AlixPartners, a firm renowned for its results-orientation. I look forward to working with the AlixPartners team globally to bring all-new levels of results to our clients."
 
Kronenberg will work closely with Eric Bernardini, U.K.-based managing director at AlixPartners and global leader of the firm's Aerospace and Defense Practice: Said Bernardini: "We're thrilled to have someone of Eric's deep global aerospace and defense expertise joining the AlixPartners team, and our practice in particular very much looks forward to working with him."
 
Prior to joining Booz & Company in 1996, Kronenberg worked as a defense consultant at the Institute for Defense Analyses, where he evaluated the operational effectiveness of major weapon systems for the U.S. Department of Defense, including the FGM-148 Javelin anti-tank missile, the MGM-140 Army Tactical Missile System and the terrain-following radar for the Combat Talon. Before that, he spent several years at the hedge fund K Partners analyzing electric-utility stocks.
 
Kronenberg holds a Ph.D. in theoretical nuclear physics from the Massachusetts Institute of Technology (MIT) in Cambridge. He also has a MBA from the Columbia Business School in New York and a bachelor's degree in physics from Brown University in Providence, R.I.
 
About AlixPartners

AlixPartners is a leading global business advisory firm of results-oriented professionals who specialize in creating value and restoring performance at every stage of the business lifecycle. We thrive on our ability to make a difference in high-impact situations and deliver sustainable, bottom-line results. The firm's expertise covers a wide range of businesses and industries whether they are healthy, challenged or distressed. Since 1981, we have taken a unique, small-team action-oriented approach to helping corporate boards and management, law firms, investment banks and investors respond to critical business issues. For more information, visit www.alixpartners.com

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