Interim and Crisis Management
Through our Interim and Crisis Management services, Alvarez & Marsal helps companies that are in trouble, underperforming or have challenged divisions work through periods of crisis or change in order to enable improved operational or financial performance. Our professionals offer critical advice or step into key management positions, such as Chief Restructuring Officer, Chief Financial Officer or Chief Executive Officer, to provide crucial stability and guidance to clients, customers, creditors and employees.
Our Interim Management services add valuable support to the turnaround process, immediately filling critical leadership vacancies and shortening the lead-time for implementing specific turnaround initiatives. Our management and leadership experience allow Alvarez & Marsal to provide much needed insight into the strengths and weaknesses of an organization in terms of its ability to execute a turnaround plan.
Early recognition of issues and understanding key warning indicators are critical to maximizing the potential of any major turnaround initiative. This enables Alvarez & Marsal to intervene quickly and explore a greater range of options than if a company is experiencing a full blown liquidity crisis. During the initial stages of a turnaround, the experience, credibility and calming influence of Alvarez & Marsal professionals can play a vital role in engaging employees on a positive level. Once the turnaround is underway, Alvarez & Marsal is able to plan for a smooth transition to permanent management, successfully positioning incoming executives to continue the company's restructuring process and forge ahead.
Interim and Crisis Management services include:
- Immediate staffing of critical senior management positions
- Supplement existing management as Chief Restructuring Officer or Advisor
- Reduce lead-time for implementing turnaround initiatives
- Mitigate negative effects on employees
- Manage communications processes with Board members, management, creditors and employees
- Insolvency planning and administration
