Victoria L. Creason Appointed Independent Director for the Clovis Oncology Liquidation Trust

  • August 9, 2023

VLC Associates, LTD, a leading business advisory firm, announced that Founder and Senior Managing Director Victoria L. Creason has been appointed an Independent Director for the Clovis Oncology Liquidation Trust. Ms. Creason possesses extensive experience in the areas of finance, strategy, and capital markets.

Founded in 2009 and headquartered in Colorado, Clovis Oncology, Inc., is a biopharmaceutical company focused on acquiring, developing, and commercializing anti-cancer agents in the United States, Europe, and internationally. On December 11, 2022, Clovis Oncology, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. The plan was later approved as Chapter 11 liquidation on June 16, 2023. The Liquidation Trust will administer the post-effective date responsibilities of the Debtors, including liquidating the Liquidation Trust assets.

A seasoned and dynamic financial executive, Ms. Creason has over 30 years of global experience gained through hands-on financial and operational experience and consulting for the world’s leading strategy and turnaround firms. She has advised companies, secured lenders, debtors and unsecured creditors with strategic planning, cost optimization, financial and liquidity management, capital structure, M&A strategies and supply chain management. Ms. Creason has provided advisory and turnaround support across industries including aviation and transportation, consumer products, manufacturing, automotive and industrial capital goods. She has identified and led business transformation initiatives for small, mid- and large sized global organizations. Ms. Creason’s advisory experience includes both in-court and out-of-court strategies under the U.S. Bankruptcy Code and Canadian CCAA.

Ms. Creason served as Chief Financial Officer for Serta Mattress, in addition to other interim CEO and CFO roles where she had overall fiduciary responsibilities, including being a member of the Board of Directors. Ms. Creason also held senior financial management positions at Continental Airlines.

Ms. Creason is a CPA and holds a B.S. from Illinois State University and an MBA from St. Louis University. She is an active member in the Turnaround Management Association and American Bankruptcy Institute.