Webinar: interimCEOinterimCFO presents "Scouting Out Trouble: How to Win in the Turnaround World"
Date: October 14, 2010 at 10am CST
Register: www.interimceo.com or call 847-849-2800
Some businesses face a downward spiral, often due to mismanagement. Bringing in a professional can be the key to successfully turning the company around. But what are the warning signs and when is it time to bring in a specialist to stabilize, restructure and position a company for renewed growth?
On October 14, 2010
interimCEOinterimCFO, the worldwide network of interim, contract, and project executives will host a webinar where experts
Anna Prata and
John Collard will dive into this topic. Private equity funds, company owners, and other executives can tune in to pick up new ideas and contribute their expertise to position themselves to win in the turnaround world and help their companies prosper.
Listeners will learn how to look for the subtle warning signs that a company is headed for trouble, the risks associated with turnaround projects, and the roles that interim and turnaround professionals typically take on.
Anna Prata, a senior executive with 19 years of experience in both fortune 500 corporations and start-ups commented on frequent mismanagement in companies. "Just because someone knows how to do business transactions does not mean they know how to run a business." Prata went on to say, "In a time when corporate credit can go from 'extend to pretend' in a nanosecond, it is crucial to have better transparency into portfolio companies."
John Collard, president of turnaround firm Strategic Management Partners, said these are opportunistic times for troubled businesses. "CEOs who allow their company to become distressed and watch value deteriorate must be replaced," Collard stated. "Turnaround specialists are often a great replacement option, to stabilize the situation and rebuild value. We focus on building companies in which investors and lenders want to invest their precious capital. Turnaround management strategies will certainly play a key role in recovery."
Hear more from Prata and Collard on October 14th. Registration for the webinar is open at
www.interimceo.com. Visit the upcoming events page to sign up.
About interimCEOinterimCFO (www.interimceo.com) interimCEOinterimCFO is the worldwide network of interim CEOs, CFOs, COOs, CMOs, CTOs, CIOs, and turnaround specialists and offers corporations, owners, equity funds and boards of directors free, instant search for executive talent on demand.
About John M. Collard (www.StrategicMgtPartners.com) John M. Collard is a Certified Turnaround Professional (CTP), who brings 35 years senior operating leadership, $85M asset recovery, 40+ transactions worth $780M+, and $80M fund management expertise to run troubled companies, and advise company boards, litigators, institutional and private equity investors. Mr. Collard has on many occasions parachuted in as the Interim CEO or senior executive to turn around a trouble entity. John is Past Chairman of the Turnaround Management Association (TMA). John was inducted into the Turnaround Management, Restructuring, and Distressed Investing Industry Hall of Fame, honoring those individuals whose outstanding contributions have increased the stature and respect of our industry.
About Anna Prata JD (www.ReEngineeringCapitalism.com) Anna Prata is a senior executive with 19 years of experience in both fortune 500 corporations and start-ups. With extensive experience in business model restructuring, distressed environments, operational turnaround, finance, cultural transformation, cash flow management, risk mitigation, as well as process and performance improvement, Ms. Prata has successfully re-built teams and lead organizations resulting in increased profits, revenue and growth. Ms. Prata holds a Juris Doctor, and is skilled and credentialed mediator and certified arbitrator. Additional training includes: Crisis and change management.