MorrisAnderson Elects Deborah Hicks Midanek to Board of Directors

CHICAGO, IL--(Marketwire - Oct 18, 2011) - MorrisAnderson, a leading financial and operational advisory firm, announced today that it has appointed Deborah Hicks Midanek, 56, to its board of directors, effective immediately. Midanek will be the only outside director and is the first woman elected to the board, which also includes:

• Dan Dooley, chief executive officer
• Howard Korenthal, chief operating officer
• Larry Hennessy, principal
• James Ross, principal
• Ken Yager, principal

"Deb is highly respected in the turnaround industry and will be a strong addition to our leadership team," said Dan Dooley, CEO of MorrisAnderson. "She brings us extensive knowledge, a fresh perspective and a solid network in New York City, which is a target growth market for MorrisAnderson. She will complement our deep industry experience and expertise across the country."

Midanek is president of Solon Group, a business development and turnaround management company, and co-manages Prevail Companies, an incubator dedicated to cultivating people, ideas, organizations and investment. She also serves as a trustee for the Committee for Economic Development, a non-profit, non-partisan business led public policy organization dedicated to policy research on major economic and social issues, and is an independent director of HCC Insurance Holdings, Inc, and Signature Group Holdings.

Previously, Midanek held several positions with Glass and Associates, Inc., a turnaround management firm, including president and chief operating officer. Prior to that, she held various executive positions with AlixPartners, Inc., Solon Asset Management L.P., Drexel Burnham Lambert, Inc. and Bankers Trust Company. She received her master's in business administration at The Wharton School, University of Pennsylvania and holds a bachelor's degree in history from Bryn Mawr College.

About MorrisAnderson
Now celebrating its 30th anniversary, Chicago-based MorrisAnderson has offices in New York, Atlanta, Toronto Milwaukee, Cleveland, St. Louis, Minneapolis and Florida. The firm's service offerings include performance improvement and financial advisory services, interim and turnaround management and litigation support. MorrisAnderson emphasizes hands-on involvement with middle market companies in transition.