Develops and implements performance improvement initiatives and performs C-level management for private equity-owned companies
Makes strategic decisions for the businesses, identifies and implements operational improvements to organizational structures
Develops mechanisms to monitor cash requirements and manage working capital, implements functional improvements at the departmental level, and directs significant management changes
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Richard Jenkins is a Managing Director for the Private Equity Services group of Alvarez & Marsal. He focuses on developing and implementing performance improvement initiatives and performing C-level management for Private Equity (“PE”) owned companies.
These efforts have included making strategic decisions for the businesses, identifying and implementing operational improvements, implementing improvements to organizational structures, developing mechanisms to monitor cash requirements and manage working capital, implementing functional improvements at the departmental level, directing significant management changes and developing comprehensive long-term strategic plans.
Most recently, he served as Interim CEO of a private equity owned manufacturing company. He was responsible for establishing and implementing a clear strategic direction, directing a plan to improve financial performance, streamlining the operations of the business, improving the processes of the organization and coordinating a significant reduction of debt for the business.
Mr. Jenkins has served as Interim CFO of private equity owned companies ranging in revenue from $700M to $1.5B. During these engagements, he has been responsible for evaluating and hiring personnel, establishing updated processes to improve departmental functionality, redesigning the senior management team, identifying and effectuating cost cutting opportunities, and establishing the strategic direction of the companies.
With 21 years of experience, Mr. Jenkins assignments have included working with numerous companies including Electromotive Diesel (“EMD”), Local Insight Media, Exodus Communications, Asarco Mining, Finova Capital and International Paper. Mr. Jenkins has also performed pre-acquisition assessments of the strategies, operational capabilities, integration potential and business plans of target companies.
Prior to joining A&M, Mr. Jenkins was a Director with the Business Recovery Services practice of PricewaterhouseCoopers, where he evaluated and assisted companies with the development of strategic business plans, identified financing alternatives and managed debtor/creditor relationships for numerous clients. Earlier, Mr. Jenkins was a financial consultant with Peterson Consulting, where he developed a broad understanding of financial valuation concepts, investment strategies, forecasting and business plan development.
Mr. Jenkins earned a bachelor’s degree in finance from Colorado State University.