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Evolution in the Face of Disruption

As professionals in the turnaround industry, each of us faces disruption on a daily basis, either with our clients or with our own businesses. Change is constant, and responding to disruption, whether proactively or reactively, is woven into our fabric.

When I became a member of TMA in 2001, I joined for two reasons: to be part of a vibrant chapter community of local restructuring professionals with regional and global networking opportunities, and to meet other members who could refer business or deals. Today, I remain an active member of TMA because I value TMA’s role in those efforts. I am honored to serve as TMA Global’s 2018 president, and I will work to make sure that all members can see that same value as well.

At TMA, we recently developed a comprehensive strategic plan that includes a set of initiatives designed to move TMA forward, with a focus on helping our members respond to disruption while evolving as an organization to respond to our own industry’s disruptions. These initiatives are largely based on data analytics, as opposed to long-held and unchallenged beliefs and anecdotes. Through the data, we are able to more clearly see what our members and chapters value so we can improve and target our programming, strengthen our chapters, and connect our members. We hope you will see the tangible benefits of these initiatives in 2018.

As your 2018 president, my focus is on ensuring that TMA creates and enhances networking opportunities that help to build the relationships that lead to new business for our members. To facilitate those opportunities, TMA Global will continue to support its chapters to ensure that all members receive the highest-quality programming, the knowledge to face the disruptions in our industry, and the membership experience you have come to expect. 

For an organization that was founded by turnaround practitioners for turnaround practitioners, it should come as no surprise that TMA seeks to continuously evolve and improve. It is with these roots that TMA will continue to grow and create more value for our members.

As we embark upon 2018 and look to the future, TMA also celebrates its past. This year marks the 30th anniversary of TMA’s founding, and we will commemorate this milestone with surprises and recognitions at The Annual, September 26-28, 2018, at the Broadmoor in Colorado Springs. We will also induct another class of turnaround titans into the TMA Hall of Fame as we recognize those who have significantly advanced our profession. Make sure you save the dates and join us in Colorado for a historic Annual conference.

To be sure, 2018 will present its share of disruptions to our clients and our industry. As each of us evolves in how we respond to these challenges, so too will TMA strive to arm its members with the knowledge, expertise, and connections to face these disruptions, through our programming, certification program, and networking opportunities. I encourage each of you to take advantage of the opportunities provided and also to become involved in leadership at the chapter or global levels.

Lastly, on behalf of all TMA members and staff, I thank Greg Fine for serving TMA as Global CEO for the past six years. Under his leadership, TMA has advanced its mission of connecting our worldwide community of turnaround professionals who are recognized for our expertise, knowledge, and experience. Greg has built a solid foundation for TMA, and we look forward to our next CEO continuing to advance TMA on its path of evolution.

I look forward to working with each of you in 2018 on our shared journey to evolve in the face of disruption.  

Kevin Krakora

Kevin A. Krakora, CTP

TMA Global President

Kevin A. Krakora, CTP, Principal at KPMG LLP, is the 2018 TMA Global President. Kevin has over 25 years of executive experience with developing and implementing business transformation strategies and financial/operational improvements; specializing in corporate turnarounds, debtor bankruptcy situations, and complex financial and operational restructurings. He has served as chief restructuring officer, led numerous business and asset sales and divestitures, and advises companies, debtors, secured and unsecured creditors, bondholders, and equity investors in numerous restructuring situations across a wide range of industries. Kevin is a frequent speaker on restructurings and distressed mergers/acquisitions and is a Certified Turnaround Professional.

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