OUTSOURCED & INTERIM
EXECUTIVE SERVICES
Interim executive talent can often be the clear choice
for optimal management in times of change, such as mergers,
acquisitions, downsizing or strategic change. MGA’s principals have
served multiple companies as interim executives, across a broad range
of functions.
C-Level Finance and Corporate Development
- Serving as interim Chief Financial Officer for a
private equity fund in a 100 employee, underperforming software
development startup, Jack teamed with a new COO and the founder-CEO in
an office-of-the-chairman to negotiate $4 million in bridge financing
and develop a financing plan and operating strategy. The program
reduced the company’s cash needs by 50 percent, trimmed staff, closed
offices, managed relations with unsecured creditors, sold tangible
assets and intellectual property, and completed all necessary legal
steps. Jack also served as interim president and CEO, hired transition
staff, spun off two viable operations and collected accounts
receivable.
- Merle developed strategic/business plans for
expanding and commercializing a real estate, insurance and mortgage
industry software product for a Wilmington, Delaware financial services
start-up from planning through implementing the resultant business
model. Subsequently, as acting CEO, she was responsible for all aspects
of business launch, including fund raising; recruiting and motivating
multi-disciplinary management and operations teams; and day-to-day
management.
- Jack was engaged by a technology-marketing
consultancy funded by a former senior executive of TMPW to
plan/implement a startup and manage all financial and administrative
operations. He was recruited to serve as the company’s interim Chief
Financial and Administrative Officer. During the engagement, he led and
implemented all facets of the startup, including:
- Hiring, office setup, financial systems setup,
and initial equipment purchases.
- Ongoing financial and administrative functions.
- Outsourcing of the financial role and hiring of
an administrative officer to replace his day-to-day contribution, after
the company grew to over 20 employees and the startup process was
completed.
- Hired to serve as interim Chief Financial Officer by
the new owners of an established employment advertising agency with $10
million in annual billings, Jack:
- Upgraded financial reporting and systems to
public reporting company standards, in anticipation of a potential sale
to a publicly held strategic acquirer.
- Installed standard advertising industry reporting
procedures.
- Trained existing financial staff.
- Developed and managed the monthly financial
reporting process.
Market, Business Development & Sales Leadership
- Merle Gilmore served as interim Sales Planning
Director for a rapid-growth eBusiness private equity funded company in
eastern Pennsylvania. After developing a corporate alliance strategy to
identify and leverage partner capabilities and accelerate practice
growth, she led the firm’s middle-market pursuit efforts.
- As interim Chief Strategy and Marketing Officer for
the start-up subsidiary of a well-known New York investment bank, Merle
provided strategic, financial and marketing leadership during the
pre-launch period, including brand analysis, competitive assessment,
market research, ad agency selection and direction.
Operations Management
As interim Special Operations Director for a $1.1
billion multi-mode transportation firm, MGA affiliated expert Chuck
Clowdis managed rating, sales and marketing staff until the position
was filled permanently. The company's fleet includes about 5,200
tractors and 14,500 trailers.
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