AlixPartners, the global business advisory firm, announced the appointment of Rick Peters as Managing Director in the Turnaround and Restructuring practice.

Peters will be based in the firm’s newly opened Houston office. He will further enhance the firm’s extensive global power and gas restructuring practice, which has advised on some of the most significant power and gas restructurings over the past several years.

Peters has over 30 years’ senior consulting experience, focused on the energy, power and utilities sectors, specifically merchant power and pipelines. He will work alongside AlixPartners’ power and gas clients to optimize shareholder value and navigate critical business challenges arising from the difficult energy market conditions they face.

He joins from his own independent firm, Peters Consulting Associates, where he served as a trusted advisor to the management teams of leading energy companies. Previously, Peters was a Managing Director at Accenture, where he led their North American utilities management consulting practice, and before that was a Senior Partner at The Boston Consulting Group, where he led their global energy practice.

Simon Freakley, Chief Executive Officer at AlixPartners, said: “Rick’s appointment further strengthens our commitment to the important Houston market and to serve power and gas companies globally, not only with turnaround and restructuring services but also on broader enterprise improvement programs. His deep expertise of advising energy and utility companies facing critical issues will be invaluable to our clients facing high-impact situations. I am delighted to welcome Rick to the firm.”

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 life cycle. We thrive on our ability to make a difference in high-impact situations and to deliver sustainable, bottom-line results. The firm's expertise covers a wide range of businesses and industries whether they are healthy, challenged or distressed.