SunEdison has announced that John S. Dubel has been appointed Chief Restructuring Officer of the company. Mr. Dubel will report directly to the independent directors of SunEdison's Board of Directors and lead the company's restructuring efforts. He will have sole authority and discretion on behalf of the management of the company with respect to all matters in connection with the company's restructuring initiatives.
SunEdison and certain of its domestic and international subsidiaries filed voluntary petitions for reorganization under chapter 11 in the Southern District of New York on April 21, 2016. Mr. Dubel's appointment and the terms of his engagement remain subject to the approval of the bankruptcy court. Mr. Dubel is the Chief Executive Officer of Dubel & Associates, LLC, a provider of restructuring and turnaround services to underperforming companies which he founded in 1999. He has over 30 years of experience in Board representation, turnaround management, crisis management, operational restructurings and divestments in the distressed space.
