Bank loan workout officers rarely encounter a situation where a company is transferred to the workout group, the company can get its financial house in order, and then it is able to be transferred back to the originating loan department to begin a new phase of its banking relationship. Though...
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Craig Weller has spent most of his career in commercial banking specializing in loan workout. He began his career in banking and finished it in banking, with the intervening 20 years spent as CFO for a television and film post-production company for 13 years and eight years as a consultant for financial companies and start-ups in the dotcom era. These two jobs, with the required hands-on experience, were key to understanding the keys to a successful turnaround.