Innovative solutions can unlock value that helps governments successfully navigate fiscal pressures and enhances the delivery of critical government services.

Adam B. Chepenik

EY-Parthenon Principal, Turnaround and Restructuring Strategy, Ernst & Young LLP

Trusted advisor and proven leader. Drives financial and operational transformations at state and local governments. Enjoys political history, cycling, traveling and spending time with family.

Adam leads EY-Parthenon Turnaround and Restructuring Strategy practice, advising governments worldwide on complex financial and operational transformations. He helps close structural deficits, protect essential services and strengthen fiscal resilience through strategic planning, cost reduction, cash flow forecasting, budget transformation, negotiations, and pension and benefits reform.

In his previous role as a federal government deputy director, Adam advised senior officials on distressed municipalities, infrastructure finance and public pensions. He helped shape the federal response to Puerto Rico’s financial crisis and supported Congress in drafting the Puerto Rico Oversight, Management, and Economic Stability Act. His work has earned global industry recognition for advancing successful government turnarounds and public value.

Adam holds an MBA from Harvard Business School, an MPA from Harvard Kennedy School and a Bachelor of Science from the University of Maryland, where he graduated summa cum laude and Phi Beta Kappa. He is also a Chartered Financial Analyst and Bond Buyer Rising Star.

How Adam is shaping the future with confidence

“Fiscal recovery is ultimately about more than balancing a budget. It is about helping governments build the financial and operational capacity to deliver essential services, invest in their communities and respond to tomorrow’s challenges.

I am proud to work alongside government leaders as they confront difficult choices, strengthen public institutions, and translate ambitious recovery plans into measurable and sustainable results.

Our work helps governments direct limited resources toward the priorities that matter most to residents, including education, infrastructure, energy, transportation, healthcare and economic opportunity.”

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