CHICAGO, September 13, 2017 – Annually, the Chair of the Turnaround Management Association (TMA) may, on a discretionary basis recognize one or more members who raise the public profile of the corporate restructuring industry through their volunteer service and dedication to TMA. 

Today, TMA Global Chair, David F.W. Cohen, partner, Gowling WLG, announced that the 2017 Chairman’s Award will be presented to Tom Pabst, president, HYPERAMS, former TMA Executive Board Member and former TMA Chicago/Midwest Chapter President. 

"Tom was the first person that came to my mind when considering candidates for the Chairman's Award. I've known him from the beginning of my TMA Global involvement. He has been there for TMA for a long time and has undertaken every role and assignment for TMA (and there have been many) with both precision and heart. His hand is always up to offer help where it is most needed. All who work with him know Tom speaks his mind and gives you the "straight goods". His thoughts have helped shape TMA as it has gone through significant changes over the years. His honesty and integrity combined with a sharp mind and a low-key selflessness makes him someone with whom we all enjoy working. Tom is a mentor, a collaborator, and someone I am proud to call my good friend. Congratulations, Tom, you deserve this award and I'm pleased to have an opportunity to award you this recognition."
    -- David F.W. Cohen

TMA established the Chairman's Award in 2001 to recognize individuals who have displayed outstanding leadership by fostering the growth and stature of the association and the corporate renewal industry, as well as having distinguished themselves as prominent professionals in their specific areas of practice. Conceived as a vehicle for honoring individuals at the pinnacle of their careers, this award is one of the highest distinctions that TMA can bestow upon a member. 

The Chairman's Award is given at the discretion of TMA's chairman and may be given to as many recipients as appropriate or to no one in any given year. The chairman's recommendations are subject to the consent and approval of TMA's Operations Committee. 

Past Recipients Include:

• 2016 – Margaret M. Good, CTP, Schneider Downs Meridian LP & Bernadette M. Barron, CTP, Barron Business 
• 2015 – Jukka-Pekka Joensuu, Cinia
• 2014 – Alan Tilley, Bryan Mansell & Tilley LLP 
• 2013 – Martin I. Katz, Executive Sounding Board Associates LLC 
• 2012 – Sheila T. Smith, Deloitte Financial Advisory Services LLP and Robert D. Martin, U.S. Bankruptcy Court for the Western District of Wisconsin 
• 2011 – James B. Matthews, Prime Locations LLC and Gilbert C. Osnos, CTP, CRG Partners Group LLC 
• 2008 – Alan Tilley, Bryan, Tappy & Tilley 
• 2007 – Richard F. McMahon, Wells Fargo Business Credit Inc. 
• 2004 – Peter L. Tourtellot, CTP, ALTMA Group, LLC 
• 2002 – Jay Alix, AlixPartners LLC and Ward Mooney, Fleet Retail Group Inc. 
• 2001 – John Wm. (Jack) Butler Jr., Skadden Arps Slate Meagher & Flom LLP and Martin J. McKinley, Wells Fargo Business Credit Inc.

###
About the Turnaround Management Association
The Turnaround Management Association is the leading organization dedicated to turnaround management, corporate restructuring, and distressed investing. Established in 1988, TMA has more than 8,300 members in 55 chapters worldwide, including 32 in North America. Members include turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters, and consultants, as well as academic, government, and judicial employees.