Interim and Transition Management

During periods of financial and operational turnaround or other management crises, LMG provides interim management at the senior executive level. We typically fill the CEO/President, COO, CFO or CRO (Chief Restructuring Officer) positions. All of our professionals have filled these roles numerous times and in many industries. Our ability to occupy these positions and make strategic, unbiased decisions is a key asset during difficult situations.

Common situations where business owners or management may fill a position with interim management include:

• The company faces a crisis and the existing management team doesn't have the time or resources to respond effectively while continuing to run the day-to-day operations of the company.
• A key executive has left and you need someone with the experience to immediately assess the critical issues and hit the ground running.
• The board of directors and/or equity sponsor have lost confidence in the existing management team.
• The company's creditors will not extend credit to the company under the existing management team.
• Family disputes over succession or management decisions have paralyzed decision-making to the point of value destruction.
• The company is contemplating selling some or all of its business units, leading to the departure of key executives who may or may not have been of value to the sale.

Case Studies:

• Interim and Transition Management: Managing During Crisis
• Receivership of Magazine Retailer