Group Management Experience
Most company leaders are not experienced in crisis situations.
The chaos associated with cash flow problems, customer issues,
vendor problems, etc. can be overwhelming. Whether management
is experienced at operating a profitable business or is inexperienced
at overall management, their ineffectiveness at dealing with
a crisis may be making matters worse for the company. The
multiple priorities and uncertainty coupled with new situations,
makes troubled times difficult for most managers.
Regardless of how a company gets into difficulty, Greenwich
Financial Group can provide experienced professionals who
can quickly guide the company to recovery. By assuming leadership
roles within a troubled company by either replacing or guiding
incumbent management, we are able to identify problems and
implement solutions that might otherwise remain hidden from
the company's management team. Our competence, sense of urgency
and unclouded vision enables us to provide professional management
and leadership at a time when it is needed most.
Once change is effected and the company is set on the path
to recovery, Greenwich Financial Group then helps the company
hire replacement managers to ensure that the recovery can
During periods of financial and operational turnaround or
other management crisis, Greenwich Financial Group provides
interim management at the senior executive level. We
typically fill the CEO/President, COO or CFO positions. All
of our professionals have filled these roles numerous times,
and in many industries. Our ability to occupy these positions
and make strategic, unbiased decisions is a key asset during
difficult situations. Interim management is our strength.
Sometimes current management is faced with overwhelming
issues and needs trusted outside advisors, interim management,
to provide supportive analysis and decision-making skills
to particular problems outside the day-to-day operations.
In these cases, we can supplement management in dealing with
extraordinary situations, freeing them to attend to day-to-day
management of the ongoing operations.
Other times we are asked by key stakeholders to manage a
successful exit. This may include divesting or closing down
some of the business units. In these circumstances, understanding
the time constraints faced by the company is critical, as
is understanding the relative positions of all of the stakeholders.
We have extensive experience as interim managers in obtaining
the highest and fastest values to bring difficult situations
to a conclusion.
Common situations where business owners or management may
fill a position with interim management:
The company faces a crisis and the existing management team
has limited experience in handling such matters while running
the day to-day operations of the company.
A key executive has left and the time and expense of finding
an immediate replacement proves too significant. The board
of directors and/or equity sponsor has lost confidence in
the existing management team. The company's creditors will
not extend credit to the company under the existing management
team. Family disputes over succession or management have
paralyzed decision-making to the point of value destruction.
The company is contemplating selling some or all of its business
units, leading to the departure of key executives who may
or may not have been of value to the sale. It is too costly
or inappropriate to hire replacement(s).