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DHB Industries appoints Lawrence Young as CFO

Jun '06
Leader in the field of protective body armor DHB Industries Inc announced the appointment of Lawrence Young as Chief Financial Officer, effective July 7, 2006.

Mr. Young, a Managing Director with AlixPartners, will oversee all corporate financial procedures. Mr. Young has over 18 years of experience in crisis management and business reorganizations, and has assisted companies with financial restructurings, operational improvement plans, and cash management.

Over a three-year period, Mr. Young served as Chief Executive Officer, Chief Financial Officer and Chief Restructuring Officer for AT&T Latin America. He also served as Chief Financial Officer and Chief Restructuring Officer of Sunterra Corporation. In those roles, among other responsibilities, he directly led the restructuring of the operations, SEC reporting and financial restatement, cash management, and debt restructuring.

Mr. Young holds a Master of Business Administration in finance and accounting from the Wharton School of Business, University of Pennsylvania, is a Certified Reorganization Accountant, and holds the CIRA designation.

Additionally, DHB Industries is enhancing its financial management team by the appointment of Ryan Esko as Senior Vice President and Corporate Treasurer and Mark Thorson as Senior Vice President and Corporate Controller, both also from AlixPartners.

Mr. Esko served as the Corporate Treasurer of Foster Wheeler, a $3.5 billion company, during its turnaround and restructuring period. Additionally, Mr. Esko had a role as Executive Vice President of Finance for an $800 million company and was responsible for the improvement of the finance function and liquidity position of the company.

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