Allele Advisors was founded by Charles Fraas in 2010.
Charles started his career at Arthur Andersen and Deloitte Consulting, spending 13 years in various consulting practices including: Bankruptcy and Transaction Advisory, Retail Industry, Supply Chain, Marketing Analytics, Strategy and Operation and several Technology teams.
Charles left consulting to join 1800flowers.com (NASDAQ: FLWS) and held several roles in the company including Sr. VP of Improvement, Sr. VP of Operations and COO. During his 5 years at 1800flowers.com he oversaw all of the operations including call centers, distribution, transportation, sourcing and procurement, manufacturing, customer database marketing, and florist operations and oversaw a very successful turnaround that improved EBITDA by 300%. Fraas left in 2010 to start Allele Advisors, a boutique consulting and restructuring firm.
Charles has held various restructuring roles including CRO, interim CEO, Interim COO and Chancery Court Trustee (Delaware). For the past 8 years he has dedicated himself to assisting and supporting companies through financial distress and bankruptcy in the following industries: Manufacturing, distribution, retail, technology, services, real estate brokerage, law, aviation / MRO and healthcare.
Charles has a bachelor’s degree in Accounting with a concentration in East Asian Economics from Binghamton University. He is also a Black Belt in Six Sigma.