Mr. Prusak recently completed his role as financial advisor in the ASR/Pioneer/Strong bankruptcy and is currently the liquidating agent of the bankruptcy. He previously completed his role as the chief restructuring officer (CRO) for Klausner Lumber 2, an unfinished sawmill in North Carolina.

​

The Klausner Lumber 2 project won a Turnaround/Transaction of the Year Award from the Turnaround Management Association and an Atlas Award for Cross Border Deal of the Year. In addition to achieving outstanding results at auction, he was able to raise hundreds of thousands of dollars in the sale of non-critical equipment to help offset operating expenses and keep the deal on track. He also located two different DIP lenders for Klausner Lumber 2 and its sister company, Klausner Lumber 1, and worked to get the title to the mill property ultimately restored to the mill owners from the county.

​

Before joining Asgaard as CRO, Bob was the CEO of M7M, a company that bought an idled aluminum plant, due to be scrapped, at a Chapter 11 auction. Working closely with the COO and Purchasing Manager, they were able to sell unneeded equipment, raw materials, and scrap metal to keep the plant afloat and possibly salvageable. Mainly due to Prusak's strategies and efforts, the plant ultimately became operational again and employed 500 people.

​

Before this assignment, Bob was the Chairman of Ormet Corporation and oversaw the sale of an aluminum plant, alumina plant, and gas rights, while these businesses were in Chapter 11.

​

The majority of Bob's career was spent at Glencore, where during his last 5 years, he was responsible for aluminum and related operations around the world. In addition to overseeing US operations, he has experience operating in Ireland, Sweden, Switzerland, Italy, and Jamaica. He oversaw a bauxite mining joint venture in Jamaica whose participants were Alcoa, Norsk Hydro, Glencore, and the Government of Jamaica. He has also conducted due diligence in England, Greece, Korea, Canada, Australia, Venezuela, Brazil, and Guyana. Early in his career, he liquidated a residential real estate portfolio of homes and building lots in St. Croix.

​

Bob has an MBA in Accounting from New York University, and his BA in Economics and History from Northwestern University.

​

​

​