Friday, October 04, 2013
Turnaround Management Association honors Collard Among 31 Founding Members of the Association. www.StrategicMgtPartners.com Turnaround Management Association
The Turnaround Management Association (TMA) celebrates its 25th anniversary by honoring its 31 founding members at the Opening Reception of the TMA Conference on Thursday, October 3, 2013, at the Marriott Wardman Park in Washington, D.C.
"We're excited to celebrate our 25th anniversary by recognizing the pioneers that started the organization," says Ronald R. Sussman, TMA chairman and partner in Cooley LLP's Corporate Restructuring group. "We are forever grateful for the time and financial resources they dedicated to beginning what has become the largest global association of turnaround, restructuring, and distressed investing professionals."
TMA's origins began in 1987 when a group of the founding members gathered in Chapel Hill, N.C., to discuss how they could facilitate networking, exchange ideas and best practices, and promote what was a relatively new industry at the time. In the last quarter century the organization has grown from 31 to more than 9,300 members in 48 chapters worldwide. And now more than 450 TMA events are held annually on six continents.
Following are the 31 founding members of TMA:
Thomas J. Allison, CTP
Jay Alix, CTP
C. Charles Bahr
Jacques H. Belet, CTP
Donald B. Bibeault, CTP
Gary Brooks, CTP
Gerald P. Buccino, CTP
John (Jack) Wm. Butler, Jr.
Melanie Rovner Cohen John M. Collard, CTP
Marvin A. Davis, CTP
Timothy F. Finley
Kenneth E. Glass, CTP
William J. Hass, CTP
Thomas D. Hays III, CTP
William K. Marrinan
F. Richard Matthews
Gilbert C. Osnos, CTP
Sanford (Sandy) C. Sigoloff
Jack R. Stone
Peter Tourtellot, CTP
Carl M. Youngman, CTP
John Collard, Chairman of Strategic Management Partners, Inc., said "I am honored to part of such a fine organization. From the start it was important to promote the profession and increase awareness of the benefits that our constituents can provide. Turnarounds are like beginning over again – they must build teams, differentiate and sell products and services, secure capitalization, and grow. It is a disgrace for CEOs and boards of directors who allow their company to become distressed and watch value deteriorate." Collard continued. "Turnaround Management specialists can be an option to stabilize the situation and rebuild value. Turnaround management strategies and capital raising will certainly play a key role in any recovery." ### Principal:
John M. Collard is a Certified Turnaround Professional (CTP), and a Certified International Turnaround Manager (CITM), who brings 35 years senior operating leadership, $85M asset and investment recovery, 45+ transactions worth $780M+, and $80M fund management expertise to run troubled companies, serve on boards, advise company boards, litigators, institutional and private equity investors, and raise capital. John has parachuted in as the Interim CEO or senior executive to turn around a troubled entity, and serves as an outside director. John is Chairman of Strategic Management Partners, Inc. (410-263-9100, www.StrategicMgtPartners.com
) in Annapolis, Maryland, USA. John is inducted into the Turnaround Management, Restructuring, and Distressed Investing Industry Hall Of Fame
, Past Chairman
of the Turnaround Management Association (TMA), and Chairman
of the Association of Interim Executives (AIE). Firm: Strategic Management Partners, Inc. (www.StrategicMgtPartners.com 410-263-9100)
is a turnaround management firm specializing in interim management and executive CEO leadership, asset and investment recovery, corporate renewal governance, board and private equity advisory, raising capital, and investing in distressed underperforming troubled companies. The firm has been advisor to Presidents Bush (41 & 43), Clinton, Reagan, and Yeltsin, World Bank, EBRD, Company Boards, and Equity Capital Investors on leadership, governance, turnaround management and equity investing. SMP is celebrating 25 years of service to its clients. SMP was named Maryland's Small Business of the Year, and received the Governor's Citation, Governor Martin J. O'Malley, The State of Maryland
as a special tribute to honor work in the areas of turning around troubled companies and saving jobs in Maryland. Turnarounds & Workouts Magazine has twice named SMP among the 'Top Outstanding Turnaround Management Firms'
. American Business Journals named SMP among the Most Active Turnaround Management and Consulting Firms
in Baltimore, Washington, and the Mid-Atlantic Region. Global M&A Network Turnaround Atlas Awards named SMP as Boutique Turnaround Consulting Firm of the Year
. SMP is 2012 winner of Corporate Intl Magazine Global Awards for Interim Management Specialist Firm of the Year in Maryland and Management Consulting Advisory Firm of the Year in Maryland. SMP is 2013 winner of Acquisition Intl Magazine 'Turnaround Management Firm of the Year' Award. Strategic Management Partners, Inc.
: turnaround managers ready to run troubled companies, recover assets from investments gone bad, advise boards of directors and investors on company viability in distressed situations. We provide strong interim and operational leadership, strategic planning, financial, defense conversion, sales and marketing acumen developed building organizations in large and small companies, including President of public & private middle-market companies providing solutions to Commercial, Federal, International markets. Enterprises range from start-up to $100+mil. Industry expertise: Manufacturing; Job Shop; Engineering Services; Defense Electronics; Aerospace; Federal Government Contracting; Systems Integration; High-Tech; Computer Processing/Services/Software/Integration; Communications; Finance; Marine Services; Real Estate Development; Construction; Fabrication; and Printing. About the Turnaround Management Association
The Turnaround Management Association (turnaround.org) is the leading organization dedicated to turnaround management, corporate restructuring, and distressed investing. Established in 1988, TMA celebrates its 25th anniversary with more than 9,300 members in 48 chapters worldwide, including 31 in North America. Members include turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters, and consultants, as well as academic, government, and judicial employees. Turnaround Management Association Press Release
End ### Reference: www.StrategicMgtPartners.com Turnaround Managers www.StrategistLibrary.com
or Strategic Management Partners, Inc. Library Benefits of Outside Directors Benefits of Interim Management Managing Turnarounds in Times of Crisis Is Your Company in Trouble? Published by Corporate Board Magazine Collard on NewsReleaseWire Social Media: John M. Collard on Facebook at http://www.facebook.com/JohnMCollard John M. Collard on LinkedIn at http://www.linkedin.com/in/JohnMCollard John M. Collard on Twitter at http://twitter.com/JohnCollard John Collard at TMA Firm: www.StrategicMgtPartners.com Turnaround and Interim Management Experts
John M. Collard
Strategic Management Partners, Inc.