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Howard Brownstein

Howard Brownstein is a Principal of NachmanHaysBrownstein, Inc. He has specialized in turnaround management for over fifteen years. In addition to leading turnaround assignments for NHB’s clients, Mr. Brownstein has principal responsibility for the firm’s transactional activities and for the marketing of its services to clients. He has led client assignments in many industries, advising senior management or fulfilling a senior management role.

Mr. Brownstein heads NHB’s role as Plan Administrator of Montgomery Ward LLC, the largest retail liquidation in history. He served on the Board of Directors of Special Metals Corporation, a $1 billion nickel alloy producer where he also chaired the Audit Committee, and which was sold in 2006 at a substantial gain, and on the Board of Magnatrax Corporation, a $500 million manufacturer of metal buildings, which was similarly sold in 2007. He has served as Financial Advisor to Debtors and to lenders and Creditor Committees in bankruptcy proceedings, and as a litigation expert in several cases including the landmark Merry-Go-Round bankruptcy.

Howard Brownstein serves as Chair of the Board of Directors of the National Philanthropic Trust, among the fastest-growing charities and largest grant-making institutions nationally, and one of the largest donor advised funds in the U.S.

Prior to joining NHB, Mr. Brownstein held senior positions in other turnaround firms. He was also 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 management 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 Committees. Mr. Brownstein received TMA’s “Outstanding Individual Contribution” award in 2007. He is also a member of the Board of the American Bankruptcy Institute (ABI) and co-chairs its Mid Atlantic region. 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 currently 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.