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Sheila Smith

Principal, Deloitte CRG, Deloitte Transactions and Business Analytics LLP*

Sheila S


Sheila Smith is a principal and the national service line co-leader for the Deloitte Corporate Restructuring Group, (Deloitte CRG). She is also the leader of Restructuring Services for the Americas region. Sheila previously led Financial Advisory Services in New England, overseeing corporate finance, forensic and dispute, valuation, economic consulting and business intelligence services. She possesses hands-on experience in the areas of turnaround, bankruptcy and restructuring advisory for diverse parties-in-interest, including debtors, secured creditors and unsecured creditor committees.

Sheila has more than 20 years of industry experience in manufacturing, retail, distribution and high technology. She has worked on behalf of several private equity firms and publicly traded clients to help them in their efforts to assess portfolio companies with respect to risk and formulating exit strategies that maximize recovery. She also has extensive experience working in the consumer products industry to deliver cost containment and performance improvement services to help companies in their efforts to return to profitability.

“Business restructuring can be an intense negotiation process, aligning both economic and legal interests. By including all impacted parties, we work to help companies analyze their financial picture and future plans in order to help them create a viable business plan and sound financing structure. Personally, I rely on my hands-on experiences to guide the process and help my clients create effective strategies.”

Previously, Sheila was a managing director at another “Big Four” firm in the Global Financial Strategies Group, with primary responsibilities in the Corporate Restructuring practice. Sheila was recently awarded the 2012 Turnaround Management Association’s Chairman’s Award for her contributions to the turnaround industry. She was previously named “Executive of the Year” by the New York Institute of Credit’s Women’s Division. In 2005 Sheila was the recipient of the Turnaround Management Association’s International Outstanding Individual Contribution Award for her eminence in the profession.

Sheila holds a bachelor of science degree and a master of science in education degree from the State University of New York at Buffalo and a master of business administration degree from Boston University.

My Latest Thinking:

Ten Things About Bankruptcy and Fraud
Current economic conditions are likely to drive more companies to consider filing for bankruptcy protection, and one potential concern is whether the greater scrutiny that generally results could lead to claims of fraud against the company and its executives.

A Discussion about Fraud and Bankruptcy
Sheila moderates this discussion with Susheel Kirpalani, the chair of bankruptcy and restructuring at Quinn Emanuel, that navigates findings from a recent study.

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*Deloitte Transactions and Business Analytics LLP (DTBA) is an affiliate of Deloitte Financial Advisory Services LLP (Deloitte FAS).  DTBA is not a CPA firm.

As used in this document, “Deloitte” means Deloitte Transactions and Business Analytics LLP, an affiliate of Deloitte Financial Advisory Services LLP. Deloitte Transactions and Business Analytics LLP is not a certified public accounting firm. Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.