Consulting firm Ankura has welcomed Anthony Schnur as a senior managing director in its turnaround and restructuring practice. He will remain based in Houston.
With oil prices cratering amid OPEC wrangling and a severe Covid-related demand crash, the oil sector in the US has entered an extremely challenging and uncertain period. Oil and gas restructuring experts will be an extremely hot commodity in the trying times ahead – unlike oil itself.
As such, Ankura has bolstered its energy sector turnaround and restructuring expertise with the addition of Anthony Schnur. He brings over 30 years of experience in structured finance and commercial banking, with the last 15 years spent supporting financially distressed oil and gas companies.
Schnur has served in a variety of interim C-suite roles in the oil and gas sector, including as CEO, CFO, and chief restructuring officer. In these roles, he led turnaround and restructuring initiatives, made cost reductions, implemented financial controls, and negotiated with creditors and investors.
He most recently was interim CEO and CRO at Yuma Energy, where he led efforts to revise company financials, manage debt, and restructure. Before that he was CEO at Camber Energy, CFO at Lucas Energy, interim CEO and CFO at Chroma Oil & Gas, interim CEO at NT Energy, and CFO at Starlight Corporation.
Schnur holds an MBA from Case Western Reserve University and a BSBA in finance from Gannon University.
“As a trusted advisor to distressed companies with deep energy industry experience, Tony is a welcome addition to the Ankura team,” said Philip J. Gund, senior managing director and turnaround & restructuring business group leader. “Tony’s breadth of experience and strategic planning expertise will be instrumental in helping our clients navigate the complexity and uncertainty of today’s oil and gas market.”
Based in Washington, DC, Ankura significantly increased its profile and gained a global footprint in 2018 when it acquired Navigant’s disputes, forensics and legal technology (DFLT) segment and transaction advisory services (TAS) practice for $470 million. Ankura focuses on corporate performance and risk management, competing with rivals FTI Consulting, Alvarez & Marsal, and AlixPartners.
Since its founding in 2014, Ankura has grown to a global footprint of 1,500 employees in over 30 offices, with annual revenues of more than $500 million. The firm was named one of the five fastest growing consulting firms in 2019 by Consulting Magazine.
The firm recently added Embree Bedsole as a senior managing director in the Dallas office. Bedsole has deep experience in turnaround and restructuring in leisure and hospitality – perhaps the industry most impacted by the Covid-19 pandemic.