You turn to Accordion.
We serve as interim CEO for one year to assess and lead your management team through a turnaround plan focused on four key pillars: increase profitable sales, optimize the manufacturing footprint, improve plant efficiency, and advance organizational effectiveness. We accomplish this by:
- Focusing on talent and culture, including replacing four of seven plant managers, recruiting two highly qualified veteran executives to head Sales and Marketing, and ultimately hiring a veteran CEO.
- Developing a dynamic five-year financial projection and completing a bottoms-up revenue forecast by customer and product line.
- Completing detailed assessments of strategic initiatives, including select plant consolidations, disposition of certain business units, debt refinancing, a first-ever measurement of demonstrated efficiencies, intensive evaluation of capacity constraints, footprint and tooling optimization analyses, and prioritization of required capital expenditures.
- Leading the finance team through procedures to improve cash and vendor management during a challenging liquidity period.
- Heading up negotiations with a senior lender and concurrently negotiating a significant equity investment from the existing shareholders and an amendment to the credit facility.
Your value is enhanced.
You get a top-notch management team, a 20% improvement in labor efficiencies, consolidation of two of your nine manufacturing facilities, and a 20% inventory reduction.