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KPMG appoints new Head of Turnaround

KPMG appoints new Head of Turnaround

Professional services firm KPMG has announced the appointment of Massimiliano Messina as its new head of turnaround.

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Professional services firm KPMG has announced the appointment of Massimiliano Messina as its new head of turnaround.

Massimiliano Messina is a highly experienced restructuring advisor and CFO with more than two decades’ experience leading complex turnaround projects and finance functions at large corporates across Europe. 

He has particular experience in the automotive sector, having led the turnaround programme for Chevrolet and Cadillac Europe on behalf of General Motors as European CFO, as well as being appointed Executive Finance Director of Delphi EMEA at a time when Delphi Corp. had filed for Chapter 11 protection. 

He has also spent significant time working in the manufacturing and retail sectors. He held the role of head of transformation at Swiss building materials manufacturer LafargeHolcim Group, and was also Group COO of leading French retailer Vivarte Group where he co-led the financial and operational restructuring of the Group. 

Massimiliano joins KPMG from PwC where he led the firm’s UK CRO and turnaround practice, having also previously worked as a senior advisor for Alix Partners in Paris. 

In his new role which will be based in London, Massimiliano will work as part of KPMG’s Global Restructuring team to grow the firm’s capability to deliver complex cross-border turnaround projects.

Mark Raddan, head of KPMG’s special situations group, said: “We are delighted to welcome Massimiliano to our market-leading global restructuring practice. His appointment adds further firepower to our ability to support clients across multiple jurisdictions on high-end, complex, cross-border restructurings at a time when organisations across the world are facing the most testing of times. I know his vast experience both as an advisor and as a C-suite executive will bring a sharp perspective to conversations with clients.”

Massimiliano Messina said: “KPMG has an enviable reputation for consistently delivering innovative approaches to the most complex of restructuring engagements.  Currently we’re seeing organisations right across the globe working collaboratively with investors, lenders, customers and supply chains to navigate their way through such unchartered waters. KPMG’s international network of restructuring practitioners has enormous experience that it can bring to bear in situations of stress and distress, and I am very much looking forward to working with my new colleagues to assist our clients in these extraordinary times.”

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For media enquiries only, please contact:

Katy Broomhead

Tel: 0161 246 4623 / 07824 537963

Email: katy.broomhead@kpmg.co.uk

KPMG Press Office: +44 (0)207 694 877

About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 17,600 partners and staff.  The UK firm recorded a revenue of £2.40 billion in the year ended 30 September 2019. KPMG is a global network of professional firms providing Audit, Tax, Legal and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

© 2020 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

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