The Turnaround Management Association (TMA) is celebrating its 25th anniversary by honoring its 31 founding members at the Opening Reception of The TMA Annual on Thursday, October 3. The conference takes place October 3-5 at the Marriott Wardman Park in Washington, D.C.
“We’re excited to celebrate our 25th anniversary by recognizing the pioneers that started the organization,” says Ronald R. Sussman, TMA chairman and partner in Cooley LLP’s Corporate Restructuring group. “We are forever grateful for the time and financial resources they dedicated to beginning what has become the largest global association of turnaround, restructuring, and distressed investing professionals.”
TMA’s origins began in 1987 when a group of the founding members gathered in Chapel Hill, N.C., to discuss how they could facilitate networking, exchange ideas and best practices, and promote what was a relatively new industry at the time. In the last quarter century the organization has grown from 31 to more than 9,300 members in 48 chapters worldwide. And now more than 450 TMA events are held annually on six continents.
Following are the 31 founding members of TMA:
- Thomas J. Allison, CTP
- Jay Alix, CTP
- C. Charles Bahr
- Jacques H. Belet, CTP
- Donald B. Bibeault, CTP
- Gary Brooks, CTP
- Gerald P. Buccino, CTP
- John (Jack) Wm. Butler, Jr.
- Melanie Rovner Cohen
- John M. Collard, CTP
- Marvin A. Davis, CTP
- Peter Dusenberre
- Timothy F. Finley
- Kenneth E. Glass, CTP
- Frank Grisanti
- David Hansing
- William J. Hass, CTP
- Thomas D. Hays III, CTP
- William K. Marrinan
- F. Richard Matthews
- Kevin McConnaghy
- Gilbert C. Osnos, CTP
- Victor Palmieri
- Peter Pellitier
- Sanford (Sandy) C. Sigoloff
- Jack R. Stone
- James Sullivan
- Rollie Tillman
- Peter Tourtellot, CTP
- John Whitney
- Carl M. Youngman, CTP
The TMA Annual features speakers Doug Parker, chairman and CEO of US Airways; General (ret.) Stanley A. McChrystal; and Joe Scarborough and Mika Brzezinski from MSNBC’s Morning Joe. Among the special events taking place include the 2013 Turnaround, Restructuring, and Distressed Investing Industry Hall of Fame Class Induction Ceremony and the TMA Turnaround and Transaction of the Year Awards Brunch.
The Turnaround Management Association is the leading organization dedicated to turnaround management, corporate restructuring, and distressed investing. Established in 1988, TMA celebrates its 25th anniversary with more than 9,000 members in 48 chapters worldwide, including 31 in North America. Members include turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters, and consultants, as well as academic, government, and judicial employees.