Alvarez & Marsal (A&M) strengthens its capabilities with the addition of Dallas-based Steve Hurt as a Managing Director with the firm’s Automotive & Industrials Group. Hurt’s joining demonstrates A&M’s continued commitment to help clients achieve growth and profitability goals against the backdrop of accelerating industry-wide change and disruption, including the transition to electric vehicles (EVs).
Hurt brings over 25 years of experience in delivering operations, manufacturing and supply chain transformations across various sectors including automotive, aerospace and defense, industrials, healthcare, as well as tech and consumer products. He advises clients on large-scale operations transformation programs, enterprise-wide cost reduction and performance improvement initiatives.
“Steve has an impressive track record of successfully leading multi-year transformation initiatives. He implemented transformative cost and performance improvement approaches in software development, production, and maintenance, repair and overhaul (MRO) contexts that delivered billions of dollars of value by reducing costs and increasing velocity,” said Rick Kozole, a Managing Director and Leader of A&M’s Automotive & Industrial Group in Detroit.
“Steve is passionate about operational excellence and possesses a result-oriented mindset, both of which are aligned with A&M’s values. His ability to lead and implement transformative operational changes to generate impressive cost savings dovetails with A&M’s commitment to creating value for clients.”
Through Hurt’s leadership and implementation of production operating systems across complex, global organizations from multiple industries, he brings a strong history of improving throughput and quality performance for clients to A&M. He has deep expertise reimagining clients’ Selling, General and Administrative Expenses (SG&A) cost structures to save hundreds of millions of dollars. Many of his enterprise-wide operational initiatives have been successfully scaled to global operations after delivering on initial success metrics.
Prior to joining A&M, Hurt was a Senior Partner at Kearney for 22 years and a member of both the Operations Practice and Automotive, Aerospace/Defense, Transportation and Industrials teams. While at Kearney, Mr. Hurt held various global and practice leadership roles and led the firm’s Dallas office.
Previously, Hurt served as a member of BearingPoint’s Aerospace and Defense practice and was an assembly engineer and a product launch engineer with General Motors.
Hurt earned a bachelor's degree in manufacturing systems engineering from Kettering University and an MBA degree from the University of Chicago.