Howard Brod Brownstein
President and CEO Certified Turnaround Professional
Howard Brownstein is a nationally-known turnaround and crisis management professional, and is the President of The Brownstein Corporation, which provides turnaround management and advisory services to companies and their stakeholders, as well as investment banking services, fiduciary services, and litigation consulting, investigations and valuation services. He was previously a Principal of NachmanHaysBrownstein, Inc. where, in addition to leading turnaround assignments for its clients, ad-vising senior management and fulfilling a senior management role, he had overall responsibility for the firm’s transactional ac-tivities and for the marketing of its services to clients. He has served as Financial Advisor to Debtors and to lenders and Credi-tor Committees in bankruptcy proceedings, and as a litigation expert in several cases including the landmark Merry-Go-Round bankruptcy.
Mr. Brownstein recently served as Chief Restructuring Officer in U.S. Mortgage which involved a $138 million mortgage fraud, and led the Plan Administrator team in Montgomery Ward LLC, the largest retail liquidation in history. He serves on the Board and Audit Committee of P&F Industries (NasdaqGM: PFIN), a publicly-held manufacturer and importer of air-powered tools and various residential hardware, and served on the Board of Betsey Johnson LLC, a well-known privately-held designer and retailer of women’s apparel through 70 stores and outlets, with equity sponsor Castanea Partners. He previously served on the Board of Directors of Special Metals Corporation, a $1 billion nickel alloy producer, where he also chaired the Audit Com-mittee and which was sold in 2006 at a substantial gain, and on the Board and Audit Committee of Magnatrax Corporation, a $500 million manufacturer of metal buildings, which was similarly sold in 2007.
Howard Brownstein also served as Chair of the Board of Trustees of the National Philanthropic Trust, among the fastest-growing charities and largest grant-making institutions nationally (over $1 billion to date), and the largest independent provider of donor advised funds with over $700 million under management. He previously served on the Board of a regional bank, a retail department store, and several nonprofit Boards.
Previously, Mr. Brownstein was Managing Director of Enprotech Corp., a wholly owned subsidiary of ITOCHU (formerly C. Itoh), one of the world’s largest companies. Enprotech acted as ITOCHU’s acquisition and holding company for engineering service and product businesses with over $1 billion in assets. Mr. Brownstein has served in several senior executive and board positions, including CEO and COO of The Stone Group, a leading multinational manufacturer of comfort and safety equipment for the passenger rail industry with operations in the United States, Spain and England. Prior to becoming a turnaround man-agement consultant, Mr. Brownstein also served on the Board of a regional bank and founded a metals trading firm.
Mr. Brownstein is a Certified Turnaround Professional (CTP). He has served on the International Board of Directors of the Turnaround Management Association (TMA) and its Executive Committee, and chaired its Audit Committee. Mr. Brownstein received TMA’s “Outstanding Individual Contribution” award in 2007. He also serves on the Board of the American Bank-ruptcy Institute (ABI), co-chairs its Complex Financial Restructuring Program, co-chaired its Mid Atlantic region for several years, and is a Contributing Editor of the ABI Journal. He serves on the Governing Board of the Commercial Finance Associa-tion (CFA) Education Foundation. Mr. Brownstein is a frequent speaker at professional and educational programs, including at Harvard Business School, Villanova Law School, Northeastern University, ABI, the American Bar Association, and TMA. He has authored over thirty articles, and has served on the Editorial Board of The Journal of Corporate Renewal, and serves as a Contributing Editor of abfJournal.
Howard Brownstein is a graduate of Harvard University, where he obtained J.D. and M.B.A. degrees, and of the University of Pennsylvania, where he obtained B.S. and B.A. degrees from the Wharton School and the College of Arts and Sciences. Mr. Brownstein is admitted to the bars of Pennsylvania, Massachusetts and Florida, but does not actively practice law. He also served in the U.S. Air Force Reserve, attaining the rank of First Lieutenant in the Medical Service Corps.