Greenwich Financial 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 be sustained.

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).