Connecticut Turnaround Management Association (CTTMA), the state's leading association of corporate renewal professionals, announced the election of a new president, chairman, corporate secretary, two new vice presidents, and a new director.

The new president is David Weinstein, a senior vice president of Ares Management LLC, succeeding Phillip G. Kane, Jr., a vice president at Hartford-based U.S. Bank and a resident of Vernon, CT, who becomes chairman.  Weinstein, a Weston resident, had previously been the organization's vice president for programing.

"I am excited and honored to be the next President of CTTMA," Weinstein said.  "With the support of the board and under the leadership of Phil Kane, our organization has regained its financial footing, met its membership goals expanded its programming, and positioned itself as focused not only on distressed investing but also corporate renewal.  I look forward to continuing the momentum and looking for new and exciting ways to attract new members and provide even greater member benefits and services."

CTTMA's new officers include Joshua Cohen, a partner in Hartford-based Day Pitney, LLP, who succeeds Weinstein as vice president of programs.  William McAndrew, a senior vice president at Citibank and a Milford resident, is the new vice president for membership, and Greg Pignataro, a vice president at People's United Business Capital, is the new corporate secretary.  Roy Filkoff, a partner in Altman & Company LLC continues as treasurer.

The organization added a new director, Kristen Bandura, an associate at Hartford-based Robinson & Cole, LLP and a Stamford resident, to its 18-person board.  She will be responsible for CTTMA's Women's NOW Committee.

Terms of office for the president and chairman are two years.  The other new officers also serve for two-year terms.  The board position is a three-year term.  This insures continuity and consistency as the chapter continues to grow and develop more and more insightful programming. 

CTTMA, based in Weston, CT, is the Connecticut chapter of the Turnaround Management Association (TMA), the leading organization dedicated to corporate renewal, including turnarounds, restructuring and distressed investing.  Established in 1988, TMA has more than 9,300 members in 49 chapters, including 31 in North America.  Members include interim corporate managers; financial, operating and legal advisors; investment bankers, commercial bankers, private equity executives and venture capitalists; and related professionals, including receivers, appraisers, trustees, auctioneers/liquidators, factors, recruiters and government officials.