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Managing Member
Background
George J. Schultze, Managing Member
Mr. Schultze is Managing Member and Founder of Schultze Asset Management, LLC
(SAM). He chairs the firm’s Investment and Strategy Committees and,
together with his team, makes the final decision on all investments for the
portfolio.
Mr. Schultze previously served on
the following boards and committees:
American Plumbing & Mechanical, Inc. – Chair of Bondholders’ Committee
Armstrong World Industries, Inc. – Ad Hoc Committee of Debt Holders
Atkins Nutritional – Ad Hoc Bank Lenders’ Committee
Breed Technologies, Inc. – Trust Beneficiaries’ Ad Hoc Committee
Chrysler – Committee of Non-TARP 1st Lien Lenders
Collins & Aikman Corp. -- Ad Hoc Bank Lender’s Committee
General Chemical Group, Inc. – Official Bondholders’ Committee
Horizon Natural Resources – Pre-petition Senior Lenders’ Committee
Interstate Bakeries Corp. – Ad Hoc Senior Lenders’ Committee
Interstate Bakeries Corp. – Ad Hoc Trade Claim Committee
Le Nature’s Inc. – Ad Hoc Committee of Secured Lenders
M. Fabrikant & Sons, Inc. -- Bank Lender’s Committee
Power Plumbing GP, Inc. – Board of Directors
Tropicana Entertainment Opco – Secured Lenders’ Steering Committee
Tweeter Home Entertainment Group, Inc. – Post-petition Lender’s Committee
Tweeter NewCo, LLC – Board of Directors
Twinlab Corp. – Ex Officio Bondholders’ Committee
United Airlines – Ad Hoc Municipal Bondholders’ Committee (JFK Facility)
US Timberlands – Ad Hoc Bondholders’ Committee
Washington Group International – Class 7 Claim Holders Ad Hoc Committee
Werner Holding Co., Inc. – Board of Directors Audit Committee
Werner Holding Co., Inc. – Second Lien Bank Debt Committee
Mr. Schultze currently serves on the
following boards and committees:
Fabrikant Inventory, LLC – elected to Board of Directors July 20, 2007
Fabrikant Receivables, LLC – elected to Board of Directors July 20, 2007
Le Nature’s Inc. Liquidation Trust – elected to Trust Board July 17, 2008
Pineapple Grove Village Condominium Association, Inc. – elected to Board
October 15, 2008
Resurrection Church (Rye, NY) – elected to Investment Finance Committee
Tropicana Entertainment – elected to Litigation Trust Subcommittee July 2009
Werner Holding Co., Inc. – elected to Board of Directors November 7, 2007
Whitehall Jeweler’s Case – elected Chief Liquidating Officer for Fabrikant
Claimants June 26, 2008
Mr. Schultze is widely recognized as an expert on distressed and special
situations investing and is often quoted in the media regarding high profile
reorganization cases such as the Chrysler Automotive bankruptcy. He is
also a frequent speaker at industry conferences and graduate schools such as Harvard Business School.
Prior to founding SAM, he honed his activist distressed investing approach
with MD Sass. Before that, he was employed with Fiduciary Partners fund
of funds, the Mayer Brown & Platt law firm, and Merrill Lynch.
Mr. Schultze is a joint graduate of Columbia
Business School
and Columbia Law School,
JD/MBA. He founded the Columbia Law School Investment Club and served
as editor for the Columbia Business Law Review. He also authored
several papers including: Negotiating the TWA Bankruptcy Restructuring, Tax
Factors and ERISA Implications of Corporate Restructurings, and International
Banking Law. While at Columbia,
he placed 2nd in the 1995 business school annual stock-picking contest.
Mr. Schultze earned a BA from Rutgers
College where he
graduated with a joint major in Economics/Political Science and the Henry
Rutgers Scholar distinction. While at Rutgers, he won The Wall Street
Journal Award for Excellence in Economics and placed 23rd nationwide (from
over 14,000 participants) and first place at Rutgers
in the 1991 AT&T Annual Stock Picking Contest.
Although born and raised in the U.S.A., Mr. Schultze is fluent in
German and Spanish.
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