Once the Recovery Business Plan has been agreed upon, the GGG Crisis Manager implements the Plan, assuming one of the following roles:

• Interim President/CEO: The GGG Crisis Manager assumes a direct, hands-on leadership role and oversees the implementation of the "GGG Recovery Business Plan." In these cases, the company's Board of Directors designates the Crisis Manager as interim CEO for the implementation period.
• Interim CFO/Controller: GGG's CFOs and Controllers have extensive experience working with both private and public companies. Our services include fraud investigation, reconstructing general ledgers, and monitoring internal controls.
• Management Mentor: In about one-third of our corporate turnaround assignments, the client's senior management executes the "GGG Recovery Business Plan" with minimal assistance. In these cases, the GGG Crisis Manager serves as a combination mentor, alter ego and sounding board for the CEO. Mentoring will include assisting the CEO in negotiations with lenders, creditors and unwinding other long-term obligations.

In most turnaround situations, a single Crisis Manager works one-on-one with a client, reporting directly to the Board of Directors, Chief Executive Officer or the company's owners. However, depending on the timeframe and the size of a client's company, GGG can also provide a team of experts to redirect a distressed company. This personal approach to crisis management allows the GGG interim manager to evaluate the client's business situation and recommend the new strategy to be implemented by the client's management team.

learn more about the Turnaround Process
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