Rachael Smiley Named First-Ever Global President-Elect for The Turnaround Management Association

DALLAS (Oct. 23, 2023) – In announcement this week, the Turnaround Management Association (TMA) announced that FBFK’s Rachael Smiley, Bankruptcy and Restructuring Shareholder/Attorney and Chair of the Litigation Group, will be serving as the organization’s first-ever Global President-Elect beginning Jan. 1, 2024.

Considered the premier professional community dedicated to turnaround management and corporate renewal with more than 10,000 members in 54 chapters worldwide, the TMA provides networking and professional development to enhance the expertise of turnaround professionals.

“Being chosen as TMA’s first-ever Global President-Elect is an extraordinary honor. The connections I have built through TMA have been a powerful force in my career. I look forward to sharing my passion for this organization and the unparalleled value of TMA involvement with the turnaround industry worldwide,” said Smiley.

“We are thrilled to usher in a new chapter of leadership for our association,” said TMA CEO Scott Y. Stuart, Esq. “With the addition of the President-Elect position, we are ensuring seamless continuity and a steadfast vision for the future. Additionally, the introduction of the Vice President of DE&I highlights our unwavering commitment to diversity, equity, and inclusion. These strategic steps will not only fortify our organization but also empower us to reach new heights in our mission. Together, we are poised to make a significant impact by championing our values and embracing a future that is inclusive, diverse, and bright,” added Stuart.

Established in 1988, the Turnaround Management Association (TMA) is the “most professionally diverse organization in the corporate restructuring and renewal, and corporate health space.” Its members include turnaround practitioners, attorneys, accountants, advisors, liquidators, consultants, as well as academic, government employees, and members of the judiciary.