Program Summary: Chicago TMA members who are all Certified Turnaround Professionals (CTPs) will discuss the inner workings of being a CRO for a distressed company. The panel will cover a variety of mission-critical issues, including: 1. the reasons CRO's are needed and what are their objectives; 2. the potential duties and responsibilities of a CRO; 3. who do CROs report to;, 4. dealing with difficult owners, Boards, and CEOs; 5. collaboratively working with Company counsel; 6. creditor communications; 7. developing and implementing action plans to turnaround, sell or liquidate a client's business; 8. communications with stakeholder groups; 9. managing employees; and 10. handling unusual events like COVID-19 and other essential areas.
Audience Learning Objectives/Outcomes: The audience will learn why CROs are an important strategy for dealing with distressed businesses, the range of responsibilities that a CRO may have in a specific case and the various ways that CROs are effective in their roles.
Daniel Dooley CTP, Principal and CEO, MorrisAnderson, manages the firms' distressed business consulting practice. He is an accomplished crisis manager, business operator and debt restructurer.
Craig Dean CTP, Managing Principal, AEG Partners and AEG Capital, has more than 24 years of experience as a financial advisor, corporate executive and turnaround manager.
Jeff Hyland CTP, Partner, CR3 Partners, is a proactive executive with a proven and strong record of successful sales growth, profitability improvement and business turnaround.
Melissa Kibler CTP, Senior Managing Director, Mackinac Partners, has 30 years of experience providing financial advisory, restructuring, turnaround and interim management services.
Allen Pratt CTP, Principal, Hawkeye Consulting Advisors, Ltd., has more than 20 years of experience in lean performance improvement, financial/operational turnarounds, and restructuring services.
Requests for refunds must be made in writing no later than 48 hours prior to the date of the event (e-mail is acceptable). No cancellations will be accepted within 48 hours of the event. Substitutions are allowed and must be submitted in writing (e-mail is acceptable). The substitute must be from the same firm as the original registrant and, if the substitute is not a TMA Member, the difference in registration fee will be required. Please note that if you register for the event after the cancellation deadline has passed, you will not be eligible for a refund should you need to cancel your registration. The cancellation policy applies to all registrants regardless of when the registration is submitted. Registrants who fail to attend the event and do not provide written notice in accordance with these policies and deadlines are responsible for full payment.