Thomas Equipment recently announced it has appointed Michael S. Luther as chief restructuring officer. Thomas will be responsible for leading all day to day operations of the company.
As part of the restructuring, James E. Patty, president and CEO, and William Davis, COO, have resigned but will provide Luther with transitional support. Patty will also remain on the Thomas Board of Directors.
Luther has 20 years corporate finance and merchant banking experience. Most recently, Luther managed a hedge fund associated with Deutsche Bank with combined transactions of over $1 billion.