New CFO Lisa Carnoy and CPO Don Schneider appointed at AlixPartners

05 July 2018 2 min. read
More news on

Veteran private equity and banking executive Lisa Carnoy has been appointed Chief Financial Officer at AlixPartners. She is joined in the turnaround specialist’s senior leadership team by Don Schneider, who is now Chief People Officer – a newly created position.

AlixPartners, a global consultancy renowned for its Turnaround & Restructuring practice, counts law firms and investment banks among its portfolio of prestigious clients. To service them, the consulting firm has made headlines with a spate of appointments to senior roles, including that of Greg Donat, the new Global Head of Strategy & Business Development.

At the very core of the firm’s senior leadership will be new hire Lisa Carnoy, who takes on the role of Chief Financial Officer, reporting directly to CEO Simon Freakley. Carnoy spent 23 years at Bank of America Merrill Lynch, where she served as head of Global Capital Markets and head of Global Equity and Equity-Linked Capital Markets.

The Harvard Business School graduate replaces Ken Hiltz, who returns to his prior role as Managing Director of the Turnaround & Restructuring practice after a brief stint as interim CFO. Carnoy will be based in the firm’s New York office.

“In Lisa, we are tremendously fortunate to have found such an experienced and operationally strong financial executive,” said Freakley. “She has a proven track record of delivering results in the various businesses she has run, by serving clients, growing revenues, and building cross-team relationships.”Lisa Carnoy and Don Schneider - AlixPartnersCarnoy, commenting on her appointment, said, “I am excited to join AlixPartners during a period of transformative change and am committed to helping the company build on its current momentum, allocate resources against its strategic priorities, and continue to deliver the best-possible results for its clients.”

While the CFO position is well established at the apex of the business food chain, the role of CPO is relatively new but quickly gaining prominence as questions of culture and working environment permeate the corporate lexicon. Don Schneider is the first Chief People Officer at AlixPartners and will oversee recruitment, compensation, and talent management & development in his role.

Also working from the New York office, Schneider spent eight years in London as the Group Human Resources Director at Old Mutual plc and has previously held senior positions at Merrill Lynch and Morgan Stanley.

“To meet our ambitious growth objectives, while staying true to our brand and our culture, AlixPartners must attract and foster a diverse and multi-generational workforce,” said Freakley.

“With a three-decade record of strategic leadership in talent management and culture development, Don will help us achieve this objective by sharpening our ability to recruit, retain and develop the very best people.”