Steven Braithwaite is an experienced financial executive, who over the past 20 years has worked diligently to meet the need of debtors, creditors and owners of distressed entities in many industries, including but not limited to: general manufacturing, telecom and online retailing. Moreover, he has helped various global automotive OEM’s by evaluating and restructuring financially distressed Tier 1 and Tier 2 suppliers.
In 2018, Mr. Braithwaite joined Alderney Advisors after interfacing with Alderney’s team on a major global automotive Tier 1 faced with the largest ever recall in automotive history.
Mr. Braithwaite has successfully led professionals during the restructuring, revitalization or wind-down of 100 distressed companies. While serving as CEO of a trans-U.S. video over fiber service provider, he restructured a multitude of satellite and fiber lease obligations to move the company towards profitability. He also acted as the primary outside negotiator for the largest creditor in the debt to equity conversion and merger of all subsidiary entities of an Argentinean telecom company. This organization had approximately $1 billion in debt spread over multiple security classes and legal entities.
Mr. Braithwaite has worked with a number of gaming concerns including casino operations in the Czech Republic where he worked with management team to implement profit improvement strategies, cash control procedures and profitability tracking metrics. He also designed and implemented a divestiture program for approximately sixty underperforming subsidiaries on behalf of a multi-national conglomerate.
Mr. Braithwaite earned his Bachelors of Business Administration and Masters of Business Administration from Queen’s University in Kingston Ontario.