Mr. Schulte has more than 40 years of restructuring experience as an investor and advisor to distressed companies and their creditors. He is the Managing Partner of Chilmark Partners, an investment banking firm he founded in 1984 specializing in the reorganization of troubled companies. Mr. Schulte also co-founded the Zell-Chilmark Fund, the country’s first control distressed investment fund where he oversaw investments in 14 companies with a cumulative value of over $7 billion, and was the managing general partner of Chilmark Fund II.

Prior to founding Chilmark Partners, Mr. Schulte created and ran the corporate reorganization department of Salomon Brothers for the period 1980-84 where he advised clients such as Chrysler Corporation and International Harvester Company. Before that he served as Executive Vice President at Northwest Industries.

He graduated from Williams College and Yale Law School, where he was Editor in Chief of the Yale Law Journal. He later served as a law clerk on the U.S. Supreme Court for Justice Potter Stewart.