Tuesday, February 9, 2010

Nationally known author and speaker to discuss corporate restructuring

Feb. 8, 2010

KALAMAZOO— Sheldon L. Stone, BS ’78, MA ’79, a nationally known author and speaker on the economy, automotive industry and corporate restructuring will speak on Friday, Feb. 26, at Western Michigan University as part of the Keystone Breakfast Speaker Series.

Stone, a partner at Amherst Partners, will discuss "Strategic Corporate Restructuring: 2010 and Beyond" in the Dean's Conference Room of Schneider Hall, home of the Haworth College of Business. The event is free and open to the public and begins with breakfast at 7:30 a.m. and the presentation following at 8 a.m.

Reservations are required and may be made by calling (269) 387-5050. Parking is available in the nearby Fetzer Center parking lot.

Stone, a partner and head of the Restructuring and Turnaround Practice for Amherst Partners, specializes in advising companies on strategic and restructuring planning and implementation.  Additionally, he has held executive positions in the retail, technology and automotive supplier industries.  His industry experience includes automotive original equipment manufacturers, automotive suppliers, construction and engineering, building materials, retail, real estate and technology.

Stone’s experience includes a position of interim president and COO for a $45 million automotive supplier.  While in this position, he directed the company to an 8.7 percent pre-tax profit in a year, overcoming the previous two years’ losses totaling $3.1 million.  Additionally, Stone was the division general manager for DFS Galleria in Honolulu, Hawaii.  There he grew this flagship from $260 million to $420 million in two and a half years, while significantly increasing margin. Prior to this position, Stone was corporate group director of planning at DFS. He was also with Booz Allen Hamilton and Plante & Moran.

Stone has been featured regularly on NBC, The News Hour with Jim Lehrer, The Fox Business Network, Fox News, NPR Morning Edition and is frequently quoted in Bloomberg News and The Financial Times. He received his BS and MA in Organizational Behavior from Western Michigan University, and an MBA from Georgetown University.  He is fluent in Japanese.

The Keystone Community Bank Breakfast Series is underwritten through the generosity of Keystone Community Bank. The series provides an opportunity for the local community to hear prominent business leaders, WMU faculty, alumni and friends of the Haworth College of Business discuss current business issues and corporate strategies as well as key information regarding the continuing progress of the college.