Sample
Assignments and Situations
Stabilize company for the Debtor in Possession of a statewide chain of full service, casual dining restaurants
Chapter 11 company was not complying with franchise agreements, out of formula with its primary lender and required a turnaround plan. As COO, restored cooperation, trust and support of the national franchisor to bring operations toward compliance with marketing and operational controls, procedures and corrective initiatives.
Independent assessment and interim management for a practice bomb manufacturing operation and custom fabricator of carbon composite ceramics
to private investor of two distressed companies who needed an independent assessment of the businesses, strategy and cash flow. The assignment included stabilizing and operating one of the entities until an industry professional was installed.
Turnaround Tony Award winning, international theatrical touring company
Executive Director defrauded 30 year old international touring theater of deaf and hearing actors depleting all funds from US Dept of Education, National Endowment of the Arts, major foundations and donors. No assets to leverage except the intangible value and relevancy of its impact on humanity and the arts. After three years, we completed the turnaround, restored funding, addressed years of federally questioned costs, settled with all creditors and conducted our largest national tour in 30 years.
Turnaround international specialty metals distributor
The company was the largest in a $1B family office portfolio. The options were to liquidate, sell or turnaround years of operating and cash losses. Part of a two man team requiring reengineering sales, supply chain and operations. My role was EVP, CFO with a focus on strategy then I became COO a year later to execute the strategy. Business turned around and sold to a strategic buyer who left management in place.
National FDA recall and orderly shutdown of a medical products company.
Company faced with unremediated FDA violations necessitating two emergency national medical product recalls. Private equity decided to shut down business while complying with recall. As CEO, closed all facilities and offices, sold two product lines and intellectual property, auctioned business assets, supervised successful national recall impacting over 6,000 hospitals and medical service providers within 18 weeks, safeguarded (indexed, cataloged and secured) all operational, financial, legal and production records, eliminated obligations while staying out of bankruptcy to the satisfaction of regulators, lawyers, customers and creditors.
Assess project completion costs and prepare engineering and construction company for sale
This private equity portfolio company engineered and erected industrial heat treat furnaces used in the global production of steel. This privately owned business was in a liquidity and profitability crisis. Â Completion costs and related financial exposure were uncertain due to inadequate, timely and accurate progress reporting of long term contracts/projects. As General Manager, quantified financial and operational exposure, bracketed risks and devised path toward that led to the sale of the company to the satisfaction of its owners.