SunEdison Appoints New Finance Leadership

published: 2016-06-29 16:18 | editor: | category: News

SunEdison announced that it has appointed new leadership of its finance team, including Philip J. Gund, as Chief Financial Officer and Salvatore LoBiondo, Jr., as SVP, Corporate Controller, enhancing the Company's financial operations as the Company moves through the chapter 11 process.

Both individuals are experienced restructuring executives and Senior Managing Directors with Ankura Consulting Group, LLC, a business advisory and expert services firm. Their appointments are effective immediately. 

Mr. Gund is a Senior Managing Director of Ankura Consulting Group, with more than 30 years of professional experience, including 26 years working with debtor companies, their creditors, investors, and court-appointed officials.  He recently served as Chief Restructuring Officer at Vivaro Corporation, one of the largest pre-paid phone card companies, and as Advisor to Infrastructure and Energy Alternatives, LLC, an alternative energy construction company. Mr. Gund was a Founding Principal of Marotta Gund Budd & Dzera, LLC, which Ankura Consulting Group acquired in 2016.  Prior to forming MGBD, Mr. Gund served as a Principal at Zolfo Cooper, LLC.  He received a Bachelor in Business Administration from Pace University and is a certified public accountant and certified insolvency and restructuring advisor.

Mr. LoBiondo is a Senior Managing Director of Ankura Consulting Group and has led complex restructurings with experience across diverse industries, often working in advisory and interim management roles, including Responsible Officer of LeNature's, a beverage company, Chief Executive Officer of Friedman's Jewelers, Interim Controller of MicroWarehouse, Inc., and Advisor to the Official Committee of Unsecured Creditors of Mirant America Generating Inc., an energy producer.  He previously was a Senior Managing Director at Marotta Gund Budd & Dzera, LLC.  Prior to that role, he was a Managing Director at Zolfo Cooper, LLC. He received a Bachelor of Science from Villanova University and is a certified insolvency and restructuring advisor.

The Company's prior Chief Financial Officer designee, Ilan Daskal, resigned from SunEdison on June 27, 2016. The Controller position has been open since the Company's commencement of the chapter 11 process. Both appointments follow last week's naming of John S. Dubel as SunEdison's Chief Executive Officer.  

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