John D. Penn Named ABI
May 3, 2005, Alexandria, Va.
— The American Bankruptcy Institute (ABI) announces
that John D. Penn of Haynes and
Boone LLP (Fort Worth, Texas) was elected President of the ABI,
succeeding Michael P. Richman of
Mayer, Brown, Rowe & Maw LLP (New York),
for a one-year term beginning with ABI’s Annual Spring Meeting in
Washington, D.C., ending May 1. He has served on the 60-member ABI
Board of Directors since 1997, and as a member of the Executive
Committee since 2001, most recently serving as Vice President of
Publications and ABI President-Elect.
“John has been an outstanding
volunteer leader in the ABI for years,” said ABI Executive
Director Samuel J. Gerdano. “He is most deserving of the honor of
being selected ABI President by his peers on the Board of
Mr. Penn is a partner at Haynes and
Boone and has over 20 years of experience in representing parties in
business bankruptcy cases, most recently as one of the leaders of
the Haynes and Boone team representing the Official Unsecured Creditors
Committee in the National Benevolent Association (NBA) of the Christian
Church (Disciples of Christ) where unsecured creditors were paid in
full, plus interest. The NBA was one of largest not-for-profit companies
to ever seek bankruptcy protection. He also represented Kitty Hawk
Inc. and its subsidiaries, the nation’s largest non-integrated
overnight cargo carrier, which was successfully reorganized under
Mr. Penn is a Past Chairman of the
American Board of Certification and Past President of the Tarrant Co.
Bankruptcy Bar Association. He is Board Certified in Business Bankruptcy
Law by both the Texas Board of Legal Specialization and American Board
of Certification. Mr. Penn received his B.B.A. from
University in 1981 and J.D.
from the Baylor University School of Law in 1982.
ABI is the largest multi-disciplinary,
non-partisan organization dedicated to research and education on matters
related to insolvency. ABI was founded in 1982 to provide Congress and
the public with unbiased analysis of bankruptcy issues. The ABI
membership includes over 10,700 attorneys, accountants, bankers, judges,
professors, lenders, turnaround specialists and other bankruptcy
professionals providing a forum for the exchange of ideas and
information. For additional information on ABI, visit ABI
World. For additional conference
information, visit http://www.abiworld.org/conferences.html.