SEOUL, May 17, 2022 -- Leading global professional services firm Alvarez & Marsal (A&M) appointed Dr. Chan Yoo as a Managing Director in its Seoul, South Korea, office. Dr. Yoo’s hire links his extensive transformation experience with Asian manufacturing corporations across multiple industries to A&M’s strategic growth plans in support of the market’s needs.
Dr. Yoo joins A&M following his role as CEO of McQs Incorporated, which he founded in 2000 as Korea’s first Total Operational Excellence (TOP) consultancy. He has since led a series of rapid results cost reduction programs, including at nearly 300 plants in Korea, China, and Southeast Asia. Dr. Yoo’s transformation work spans the digital and operational realms creating value for local, regional and global firms.
Managing Director and Head of Alvarez & Marsal Korea, MC Kim, said, “Dr. Yoo’s appointment furthers our ability to meet local market needs, while bolstering our pan-Asia offerings. “His significant corporate performance improvement expertise, aligns with A&M’s operational heritage and results-driven approach to drive change for clients. Dr. Yoo’s background dovetails with A&M’s legacy of providing senior leaders that solve clients’ complex problems and strengthens our market differentiator.”
Dr. Yoo has advised industry leaders across many sectors including oil refinery, petrochemicals, heavy industries, and packaged foods companies. He has tailored programs for specific client situations and incorporated tools for materials and energy balance, throughput improvement, design to cost, and purchasing & supply management. Many of these initiatives were developed into environment, social and governance (ESG) improvement programs, specifically around environmental and social impact.
Dr Yoo has also expanded digital transformation opportunities for clients, by developing consortiums with other firms and a national R&D center specializing in artificial intelligence (AI) and smart factories. One consortium provided a technology platform to ensure proper temperature control of COVID-19 vaccines during storage and transportation. With another consortium, he created the foundation for an artificial intelligence (AI)-enabled solution for factory worker safety.
Early in his career, Dr. Yoo worked in the Seoul, Los Angeles, and Chicago offices of McKinsey & Company, leading engagements in strategy development and operations improvement. Dr. Yoo earned a bachelor’s degree in Electrical Engineering, and both master’s and doctorate degrees in Nuclear Engineering at the Massachusetts Institute of Technology (MIT).
About Alvarez & Marsal
Companies, investors, and government entities around the world turn to Alvarez & Marsal (A&M) for leadership, action and results. Privately held since its founding in 1983, A&M is a leading global professional services firm that provides advisory, business performance improvement and turnaround management services. When conventional approaches are not enough to create transformation and drive change, clients seek our deep expertise and ability to deliver practical solutions to their unique problems.
With over 6,000 people across four continents, we deliver tangible results for corporates, boards, private equity firms, law firms and government agencies facing complex challenges. Our senior leaders, and their teams, leverage A&M’s restructuring heritage to help companies act decisively, catapult growth and accelerate results. We are experienced operators, world-class consultants, former regulators and industry authorities with a shared commitment to telling clients what’s really needed for turning change into a strategic business asset, managing risk and unlocking value at every stage of growth.
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