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Alvarez & Marsal Appoints Chris Lanman Managing Director in Expanding Private Equity Performance Improvement Practice

By November 16, 2022 No Comments
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Leading global professional services firm Alvarez & Marsal (A&M) has appointed Atlanta-based Chris Lanman as a Managing Director in the firm’s Private Equity Performance Improvement (PEPI) practice. Mr. Lanman joins A&M from KPMG and brings more than 25 years of in-depth, high-tech strategy and deal advisory consulting experience within the semiconductor, hardware, cloud computing and software industries.

Mr. Lanman will be working with Carlos Vincentelli, a Managing Director with PEPI and one of the leaders of A&M’s proprietary Rapid Results Program™ and Operational Diligence practice and his growing team. Mr. Lanman will help expand these service offerings, as well as the firm’s accelerated approach to performance improvement that supports its private equity (PE) fund and corporate clients. Concurrent with the passing of the CHIPS and Science Act to boost US semiconductor R&D and production, Mr. Lanman’s deep sector experience advances PEPI’s industry expertise and aligns with investor needs in this rapidly changing US market.

Mr. Lanman specializes in performance improvement, cost and process optimization, due diligence, integration planning, and value creation for private equity firms and corporate enterprise. He has led selling, general and administrative (SG&A) optimization, direct/indirect spend reductions, supply chain target operating model design, and sales and operations planning (S&OP) design and implementation.

Mr. Lanman’s notable engagements include leading the:

  • Supply chain integration of a semiconductor manufacturing carve-out by designing and implementing a sales and operating planning process that delivered a 70 percent improvement in on-time delivery and 35 percent reduction in quarterly backlog.
  • SG&A cost take-out for a $6.5 billion software portfolio company that resulted in an $85 million operating expenses run-rate savings.
  • Inventory reduction for a $28 billion technology company that reduced quarterly balance sheet inventory by $500 million and excess and obsolete (E&O) inventory by $230 million.

Prior to joining A&M, Mr. Lanman served as Managing Director with KPMG’s technology, media and telecom (TMT) strategy and mergers and acquisitions (M&A) practice, focusing on performance improvement for PE and corporate clients. Previously, he worked with AlixPartners, Apple, Intel and various technology start-up companies.

Nick Alvarez, Managing Director and PEPI’s National Practice Leader, said, “We are committed to helping PE fund managers mitigate risks that can arise following portfolio company transactions. Chris’ laser focus on portfolio company value creation coupled with his operational and cross-enterprise integration planning expertise, mirrors A&M’s performance improvement approach and reflects our bias towards action.”

Mr. Vincentelli said, “Chris’s hire augments our team’s bench of industry veterans, functional experts, and experienced operators. Capital intensive demands for refurbishing domestic semiconductor manufacturing will likely spur PE investment. Chris’s track record of identifying opportunities, aligns with the mission of A&M’s Rapid Results Program and furthers our ability to help PE clients, across multiple industries, maximize the value of their technology and semiconductor portfolio companies.”

Mr. Lanman earned a bachelor’s degree in industrial engineering from Purdue University and an executive master’s degree in supply chain leadership from Stanford University. He is Lean Six Sigma Green Belt certified.