Mr. Buchanan served as interim Executive Director of a failing division of a major U.K. business services PLC. In this role, he identified profitable contracts and business lines, separating these for retention in other divisions, exited non-profitable contracts and then closed the division as well as the associated overhead structure.
Conducting an interim management assignment in Germany for a private equity owner, Mr. Buchanan delivered over €60 million of value by turning around a loss-making €130 million automotive components business to make €9 million of EBITDA prior to sale. He was subsequently recalled by the PE owners to advise on a $100 million cost-reduction programme in the electronic components business of the same company, focused on plants in China and Malaysia.
Mr. Buchanan served as interim CEO of a U.K.-based consumer products business that had been taken over by its lenders; in this role, he defined and successfully led a series of short-term profit improvement initiatives and a longer-term marketing turnaround and sales force restructuring plan.
As an advisor, Mr. Buchanan recently led a complex programme of cost reduction, product range re-definition and business process simplification for a $50 million global industrial pumps business based in France and the U.S., identifying hard savings of $10 million and growth and potential profitability improvement worth a further $18 million over three years.
Mr. Buchanan led organisational redesign projects for a major U.K. outsourcing PLC and for a privately-held UK Food group, identifying substantial savings opportunities as well as potential improvements in business functionality.
Prior to joining A&M, Mr. Buchanan spent several years with AlixPartners after a career in the industry. Mr. Buchanan started his career with Procter & Gamble in their Laundry and Cleaning Products and Pharmaceuticals divisions.
Mr. Buchanan earned a master’s degree in philosophy, politics and economics from Oxford University. He is fluent in English, French and German, as well as conversational in Swedish and Italian.