Bill Kosturos

Managing Director
Vice-Chair of the U.S. Restructuring Practice
Member of the firm's Executive Committee for U.S. Restructuring
30+ years of operational experience as an interim manager and financial adviser to debtors and creditors in and out of Chapter 11 proceedings
Los Angeles
@alvarezmarsal
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Bill Kosturos is a Managing Director with Alvarez & Marsal North American Commercial Restructuring practice in San Francisco. He is Vice-Chair of the U.S. Restructuring Practice and a member of the firm's Executive Committee for U.S. Restructuring.

Mr. Kosturos specializes in interim management and advising boards of directors, investment groups, management groups and lenders in a wide range of turnaround, restructuring and reorganization situations.

With more than 30 years of operational experience as an interim manager and financial adviser to both debtors and creditors in and out of Chapter 11 proceedings, Mr. Kosturos has been involved in all aspects of the reorganization process, including formulating and evaluating business plans and capital structure, developing turnaround strategies, preparing forecast models and short- and long-term cash plans. He has direct experience in corporate acquisitions, divestitures and refinancing in a diverse set of industry sectors, including retail, consumer brands, financial services and energy.

Mr. Kosturos recently advised Ascena Retail Group in their Chapter 11 proceedings. Prior to that he advised Bed, Bath & Beyond in their operational review and Toys R Us in their Chapter 11 proceeding. He led the A&M team serving as the court appointed Monitor in Target Canada's CCAA proceedings, leading the wind down of Target's retail and distribution operations in Canada, inventory liquidation, and the sale of leasehold and freehold assets.

Previously, Mr. Kosturos was the Chief Restructuring Officer for Washington Mutual (WMI), negotiating an ~$6.5 billion settlement with JPMorgan and the FDIC that resulted in a recovery for equity holders and a recovery of more than 100 percent for all unsecured creditors. He built a new organization at WMI from the one employee that remained after the bank’s seizure. Other notable advisory or management roles include Cengage Learning, Inc., Movie Gallery, The Spiegel Group (which owned Eddie Bauer), Pacific Gas & Electric Company, Tri-Valley Growers, Levi Strauss, Webvan Group, Sunshine Biscuits, Clothestime, Hexcel Corp., and Spreckels Industries.

Mr. Kosturos earned a bachelor's degree in accounting from the University of San Francisco. He is a member of the Turnaround Management Association (TMA) and the American Bankruptcy Institute (ABI).

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