Steering Rocky Ships: CROs Speak at TMA Webinar

CHICAGO, April 18, 2011 /PRNewswire-USNewswire/ -- High-stakes drama is commonplace for chief restructuring officers deployed when companies are stuck in a morass of financial and operational trouble. Along with thick skin, CROs must possess knowledge of federal and state law, finesse in negotiating with anxious creditors and tight-fisted vendors, and deftness in using turnaround management techniques.

Turnaround Management Association will present a Webinar on strategies used by chief restructuring officers, CRO 101-Using the Tools, Thursday, April 21, at noon Eastern.

The speakers, all TMA members, include:

Moderator: William Snyder, CTP, Managing Partner, CRG Partners Group LLC, Dallas
As CRO, Snyder contended with angry fans and riled bidders for the American League champion Texas Rangers baseball team. With more than 25 years' experience, Snyder has restructured and guided companies in a variety of industries, including distribution, food service, healthcare, high-tech, manufacturing, retail, restaurants, and telecommunications. He was CRO on the team earning TMA's 2010 Turnaround of the Year Award for restructuring Pilgrim's Pride, one of the largest U.S. chicken producers.

Brad Coulter, CTP, Director, O'Keefe & Associates, Bloomfield Hills, Michigan
Coulter parlayed experience as a finance director in manufacturing into a fruitful career in corporate restructuring. He has developed and managed the implementation of turnaround plans for automotive suppliers, medical clinics, retail chains, convenience store chains, machine tool companies, building material dealers and distributors, and engineering firms. Engagements include Yaldo Eye Center and American International Inc.

Jacen Dinoff, Principal and Chief Executive Officer, KCP Advisory Group LLC, Burlington, Massachusetts

Dinoff's expertise, earned over more than 16 years, marries accounting, finance, management and operations expertise and experience in bankruptcy case administration. He has worked on financial and operational restructurings and asset divestitures, and held debtor and creditor advisor roles. Engagements include Alpina Sports Corp. and Dunkin's Diamonds.

Carl Lane, Managing Director, AlixPartners, Chicago, Illinois

With more than 16 years' experience, Lane specializes in providing restructuring counsel to distressed companies, creditors, shareholders, and other interested parties. He has guided management in developing approaches to restructuring and business plans, performed analyses on capital restructuring, and assisted in the disposition of assets. Bally Total Fitness, Federal Mogul, and Orius Telecommunications are among recent engagements.

Chicago-based Turnaround Management Association, www.turnaround.org, has more than 9,000 members in 47 chapters worldwide..

SOURCE Turnaround Management Association

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