Alvarez & Marsal's Corporate Performance Improvement (CPI) Group announced the appointments of New York-based Managing Director Annie Peabody and Dallas-based Managing Director Peter Andrews within its Corporate Transformation Services (CTS) practice. These appointments expand A&M’s CTS offering in response to market demand for innovative and profitable transformation solutions that address clients’ current needs while anticipating their future challenges.
 
Ms. Peabody brings more than 20 years’ experience delivering complex enterprise transformations for technology sector clients to her role at A&M. She specializes in margin expansion, cost reduction, divestitures and carve-outs, operating model transformation and shared/global business services (GBS).
 
Mr. Andrews focuses on top and bottom-line performance improvement along with strategic transformations that improve shareholder and overall enterprise value. He prioritizes operations and service delivery in business-to-business (B2B) and business-to-consumer (B2C) corporate transformations and merger integrations that reduce costs, drive growth and boost end-to-end customer experience.
 
Richard Holt, an A&M Corporate Performance Improvement Managing Director and Leader of the Corporate Transformation Services practice, said, “Annie’s and Peter’s experience aligns with CTS’s core capabilities and mission to advance meaningful change for clients. Our practice is based on deep partnerships with CEOs and leaders to achieve sustainable transformation with beneficial financial impact. Their collective expertise dovetails with our operating legacy of solving complex problems across a broad spectrum of industry challenges and marks the next phase of our talent growth strategy.”
 
Prior to joining A&M, Ms. Peabody spent 15 years with Accenture, where she managed the Northeast Finance Transformation practice and the Global Communications, Media, and Technology Finance Transformation practice. At that firm, she successfully partnered with C-suite executives to solve for their most complicated, large-scale enterprise transformations and complex divestitures.
 
Ms. Peabody’s client work includes enterprise operating model redesign, in addition to standing up back offices involving shared services design and implementation and margin expansion programs. Additionally, she led an internal consulting capability for a $30 billion global high technology company that transformed the organization’s shared services and grew its talent base from 400 finance team members to more than 3000 employees across sales, marketing, HR, services, IT, procurement and finance.
 
Before joining A&M, Mr. Andrews led commercial and customer operations as SVP of Global Lodging Operations at Expedia. Earlier, he led operations in the services business unit of Lennox International, as well as that company’s mergers and acquisitions (M&A) and strategy efforts. Previously, Mr. Andrews served as an Engagement Manager at McKinsey and Company, where he consulted across various industries, including transportation and logistics, consumer product goods (CPG), energy, travel and hospitality, and industrials. His notable engagements include:

• Multiple large corporate merger integrations; commercial space tuck-in acquisitions; and a carve-out and divestiture of a large European operation for an industrial.
• Leading multiple enterprise level transformations, implementing structural change to improve profitability, restoring growth and driving sustainable improvements in culture and capabilities.

Mr. Andrews began his career as a nuclear submarine officer in the U.S. Navy.