|
George J. Schultze
Mr. Schultze is
Managing Member and Portfolio Manager of Schultze Asset Management,
LLC. He chairs the Schultze Research and Strategy Committees and,
together with his team, makes the final decision on all investments for the
portfolio.
Mr. Schultze currently serves on the following creditor committees:
·
Breed Technologies, Inc. Trust
Beneficiaries’ Ad Hoc Committee, from October 2004 to present,
·
Collins & Aikman Corp. Ad Hoc Bank
Lender’s Committee from March 2007 to present,
·
Le-Nature’s Inc. Ad Hoc Committee
of Secured Lender’s from November 2006 to present,
·
M. Fabrikant & Sons, Inc. Bank
Lender’s Committee from May 2007 to present,
·
Tweeter Home Entertainment Group, Inc.
Post-Petition Lender’s Committee from June 2006 to present.
Mr. Schultze previously served on the following committees:
·
American Plumbing & Mechanical,
Inc. – Chair of Bondholders’ Committee,
·
Armstrong World Industries, Inc.
– Ad Hoc Committee of Debtholders,
·
Atkins Nutritional – Ad Hoc Bank
Lenders’ Committee,
·
General Chemical Group, Inc. –
Official Bondholders’ Committee,
·
Horizon Natural Resources –
Pre-petition Senior Lenders’ Committee,
·
Twinlab Corp. – Ex Officio
Bondholders’ Committee,
·
United Airlines – Ad Hoc
Municipal Bondholders’ Committee (JFK Facility), and
·
US Timberlands – Ad Hoc
Bondholders’’ Committee,
·
Washington Group International Class 7
Claim Holders Ad Hoc Committee,
·
Werner Holding Co., Inc. Second Lien
Bank Debt Committee
·
Interstate Bakeries Corp. Ad Hoc Trade
Claim Committee.
Mr. Schultze has been elected to the following Boards of Directors:
·
Power Plumbing GP, Inc. on November 29,
2005,
·
Werner Holding Company (NEWCO) on June
8, 2007,
·
Tweeter Newco, LLC on July 13, 2007,
·
Fabrikant Inventory, LLC on July 20,
2007,
·
Fabrikant Receivables, LLC on July 20,
2007.
Mr. Schultze has been an actively investing in distressed securities
for over 14 years. During and after
graduate school he managed a family fund investing in distressed securities
and special situations.
From 1996-98, Mr. Schultze
was a Senior Analyst at MD Sass. Although his track record there is not
separable, he worked in the distressed group as one of three professionals
investing a $1.3 billion portfolio. He honed his activist approach to
investing with analysis and committee work for various investments
including: Marvel Entertainment Group, MobileMedia Communications, Signet
Jewelers, and CGE
Ford Heights.
While in graduate school, he was employed at Fiduciary Partners,
Mayer Brown & Platt, the Law Office of Grant Herrmann Schwartz &
Klinger, and at Merrill Lynch. At Fiduciary Partners, a $25 million
fund-of-funds that invested in distressed hedge funds, he developed strong
views on the types of distressed strategies that lead to consistent
success. As a Summer Associate (over two summers) at Mayer Brown
& Platt, he gained experience working on bankruptcy litigation for
Dow-Chemical, bankruptcy litigation for senior lenders in Witty Hardware,
the SEC registration of several mutual funds, and various other matters.
Mr. Schultze is a joint graduate of Columbia
Business School
and Columbia Law School,
JD/MBA (‘95/96). He served as editor of certain articles in the
Columbia Business Law Review and separately, founded the Columbia
Law School Investment Club. In addition, he authored several papers
including: Negotiating the TWA Bankruptcy Restructuring, Tax
Factors and ERISA Implications of Corporate Restructurings, and International
Banking Law. At Columbia,
he placed 2nd in the 1995 business school annual stock-picking
contest.
Mr. Schultze earned a B.A. from Rutgers College
where he graduated with a joint major in Economics/Political Science and
earned the Henry Rutgers Scholar distinction. At Rutgers,
he won The Wall Street Journal Award for Excellence in Economics for
his investment paper on the term structure of interest rates. He also
placed 23rd nationwide (from over 14,000 participants) and first
at Rutgers in the 1991 AT&T Annual
Stock Picking Contest.
Mr. Schultze is a frequent speaker at
investment conferences such as the Harvard Business School Venture Capital
& Private Equity Conference, the Wharton Business School Distressed
Securities Forum, the Columbia Business School Investment Management
Conference, the Beard Group Distressed Securities Forum and the Opal
Financial Summit. He was interviewed by Bloomberg Business Radio on
January 2003 to discuss distressed credits. Mr. Schultze is a member
of the American Bankruptcy Institute and has been quoted in several
publications including TheStreet.com, CNN, CNNfn, The Wall Street
Journal, and The Daily Bankruptcy Review.
Separately, he is a member of the American Bankruptcy Association
and serves on the Investment Finance Committee of Resurrection Church in
Rye, New York.
Mr. Schultze is fluent in German and Spanish.
|
