B. Lee Fletcher
Managing Director

Turnaround & Restructuring Advisory; Interim Management

Lee Fletcher is a Managing Director at Ankura and is based in Parsippany. Lee has been advising companies, boards, and creditors’ constituencies in distressed situations for more than 16 years, serving primarily in management and advisory roles in bankruptcy and out-of-court restructurings, including reorganizations and liquidations.

  • Experience

    Lee has managed the development of comprehensive business plans; prepared and analyzed restructuring proposals, plans of reorganization, disclosure statements and liquidation analyses; managed bankruptcy claims; prepared preference analyses; managed bankruptcy estates; overseen financial restructurings and recapitalizations; provided litigation support; and performed various other business analyses and due diligence assignments.

    He has served in numerous interim management roles. He is currently working on the wind-down of the global asset management function at SunEdison. He was formerly interim chief financial officer and assistant chief restructuring officer of a medical device company that provided artificial hearts. Over the past few years, he has also held the position of interim CFO for C Wonder, a leading retailer of designer women’s apparel and accessories, and interim CFO for Vivaro, one of the largest prepaid phone card companies.

    In addition to interim management, Lee recently served in an advisory capacity at Sbarro, an international quick-service food provider and franchisor, and at a privately held international wholesaler and distributor of original equipment manufacturer and replacement aviation components. He was also an advisor to the senior lenders to Hicks Sports Group, owners of the MLB Texas Rangers and Dallas Stars of the NHL, and to the senior lenders to a privately held $460 million international auto parts supplier. Lee advised the owners of Hollywood Tans, a franchisor of tanning salons, and served as an advisor to both Century City Doctors Hospital, a Los Angeles start-up hospital, and American Commercial Lines LLC, one of the largest transportation, service, and barge construction companies serving the inland waterways, where he oversaw a successful Chapter 11 restructuring and subsequent recapitalization. Lee advised Neenah Foundry Co., a $400 million foundry and forging company, resulting in a successful capital restructuring, and provided advisory services to Homelife Furniture, a 130-store retail home furnishings chain that was one of the 10 largest in the nation, during its liquidating Chapter 11 reorganization.

  • Honors & awards

    AIRA Randy Waits Gold Award