Jon is a senior partner at McKinsey and President of the McKinsey Recovery & Transformation Services (RTS) group. He has participated in many high-profile corporate restructurings and turnarounds, supporting companies seeking radical performance improvement, debtors in distress, and creditors in various distress and insolvency situations.
Jon’s experience spans a range of industries and geographies. For example, he led the turnaround of a deeply distressed basic materials company, including working with labor representatives and managing the closure of various facilities. He supported the restructuring of a global shipyard operator, including asset sales, the renegotiation of $2.5 billion in debt, and an operational turnaround. Jon also led the turnaround of a set of troubled aluminum smelting and refining assets, including creating a new organizational structure and operational improvement program; and the turnaround of a $13 billion regional bank with a sizeable mortgage platform.
Jon has also worked extensively with distressed investors in a range of situations. In several of these cases, Jon and his team have led the creation of plans of re-organization, the recruitment of new management, and supported investors on the overall process.
Jon took leave from McKinsey and was a senior official in the Clinton Administration in 1997-98, where he led the federal government’s task force that restructured a $6 billion portfolio of subsidies provided to bidders on spectrum for mobile communications services (the “C Block”).
Before founding McKinsey RTS, Jon advised clients on alternative assets, including private equity, distressed investing, and hedge funds. Before joining McKinsey, he was an attorney with the law firm Paul Weiss, where he worked on bankruptcy and other matters.
Harvard Law School
London School of Economics
MSc, international relations