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Once the Recovery Business Plan has been agreed upon, GGG Crisis Manager(s) implement the Plan, by assuming one, or more, of the following roles: - The GGG Crisis Manager takes 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.
- 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.
- 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 includes assisting the CEO in negotiations with lenders, creditors and shedding long-term obligations that no longer serve the company’s interests or survival.
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 that will be implemented by the client's management team.  back to Corporate Turnaround Consulting
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