AlixPartners announces that Paul Barry and Faisel Hussein have joined as Managing Directors and senior members of the firm’s power & utilities industry team within the Turnaround & Restructuring Services practice. Both will be based in AlixPartners’ New York office.
Paul and Faisel augment the firm’s leading industry position in the Power & Utilities sector which includes Fortune 500 and other clients such as PG&E, Puerto Rico Electric Power Authority, Calpine, Westinghouse, NRG, among others.
Paul brings extensive experience in the sector, having served in senior roles including President and Group Executive at Duke Energy Americas, SVP and Chief Development Officer at Duke Energy, CFO of Pepco Holdings, EVP of Strategy & Corporate Development at Hydro One, and VP at GE Capital Energy Financial Services. He joins AlixPartners from Alvarez & Marsal where he was Managing Director and Co-Head of North America Corporate Mergers & Acquisitions. Previously, he was CEO and co-founder of Public Infrastructure Partners, which provided M&A and operational advisory services to leading corporations, private equity, infrastructure, and pension funds, and served as CEO at Los Angeles Department of Water & Power, and Upper Peninsula Power Co. Paul received a BS degree from Northeastern University and MBA from Harvard Business School.
Faisel has advised and restructured several of the world’s largest electric and utility companies including Hydro One, Los Angeles Department of Water & Power, and Karachi Electric Supply. He also joins from Alvarez & Marsal, where he was Managing Director and Co-Head of North America Corporate Mergers & Acquisitions. Previously, Faisel served as Chief Development Officer and co-founder of Public Infrastructure Partners. Earlier, Faisel was an investment banker at RBC Capital Markets where he co-founded the Los Angeles investment banking office, and at Salomon Brothers/Citigroup in NYC. He received a BBA degree from Emory University Goizueta Business School and an MBA from NYU Stern School of Business.
“We are delighted to welcome Paul and Faisel to the firm,” said AlixPartners CEO Simon Freakley. “Their extensive experience in Power & Utilities and deep corporate relationships strengthen our strategic and operational capabilities to deliver significant value to clients in an industry undergoing substantial disruption due to environmental, geopolitical, customer disintermediation, and rapid technological change.”