The Turnaround Management Association (TMA) has announced the winners of the 2018 Individual Awards. Every year, the awards program recognizes TMA members who raise the public profile of the corporate restructuring industry through their volunteer service and dedication to TMA.

This year, the organization selected four members: Alexander J. Boerema of Aurora Management Partners Inc., and Zachary P. Hyman of Berger Singerman, LLP, as the recipients of the TMA Emerging Leader Award; Bernadette M. Barron, CTP of Barron Business Consulting, as the recipient of the Outstanding Individual Contribution Award; and Janine Figueiredo of Hahn & Hessen LLP, as the recipient of the Chapter Impact Award.

“It is my pleasure to celebrate these outstanding turnaround professionals who are leading so many initiatives and making a difference for the restructuring industry,” said Jonathan Reimche, TMA Global awards committee chairman and partner at PricewaterhouseCoopers LLP. “These four members have worked tirelessly to make a significant contribution to our organization and completely deserve this special recognition.”

The winners will be honored during an award ceremony at the 2018 TMA Annual in Colorado Springs, Colo., on September 26–28. The TMA Annual features a full schedule of professional development presentations, networking, and business development opportunities. Learn more about the conference at thetmaannual.org (link is external).

Emerging Leader Award

Alexander J. Boerema, Aurora Management Partners Inc., became actively involved in the TMA Chicago/Midwest Chapter in 2014. Since then, he has held several leadership positions and currently holds the positions of Treasurer for the TMA Chicago/Midwest Chapter and Chair for TMA Global NextGen. He has been instrumental in growing the TMA Global NextGen Leadership Meeting, which becomes the TMA NextGen Leadership Conference this year, opening registration to all who are interested to attend. Most recently, Boerema presented a report on attendance analysis research before the TMA Board of Trustees. He conducted this research for the TMA Chicago/Midwest chapter with the goal of it becoming a potential analytical tool that other chapters can use in making data-driven decisions for future growth of programs and membership engagement. Boerema is an experienced turnaround and restructuring professional with over 10 years of experience working with financially distressed and under-performing companies.

Zachary P. Hyman, Berger Singerman, LLP, took on his first leadership role in the TMA Florida Chapter in 2014 as chair of the chapter’s TMA NextGen committee. He now serves as the president of the Florida Chapter, a role he has held since 2016. Hyman restructured the chapter by developing a vision, decreasing expenses, hiring a new administrator, and reconstituting the board of directors. Because of his vision and dedication, the chapter has experienced significant growth. As an attorney, Hyman practices in the areas of complex commercial litigation and intellectual property.

Outstanding Individual Contribution Award

Bernadette Barron, CTP, Barron Business Consulting, joined the TMA Chicago/Midwest Chapter in 2003. She has been actively involved in the Chicago chapter including their community outreach and pro bono committees. Barron also played an important role in revamping the Certified Turnaround Professional (CTP) process and was an integral figure in the development of test materials and study guides. Most recently, she led her chapter’s scholarship foundation and has had the honor of awarding scholarships to need-based students and children or relatives of TMA members. Barron is an experienced turnaround consultant, receiver, assignee for the benefit of creditors, and liquidating trustee, primarily for family-owned and entrepreneurial businesses.

Chapter Impact Award

Janine Figueiredo, Hahn & Hessen LLP, has served in various leadership roles at the TMA New York City chapter since 2010. Her early work focused on improving the Chapter’s programming and membership initiatives. In 2014, Figueiredo was appointed as the Chapter’s General Counsel and began leading the governance committee to redefine the Chapter’s governance structure and policies. Her efforts were touted as bringing the chapter into the 21st century and helping the chapter develop into a more professional organization. As an attorney, Figueiredo’s practice focuses primarily on the representation of creditors' committees, liquidating trustees, and secured and unsecured creditors in complex corporate reorganizations, restructurings, and liquidations.