Ian has seven times taken control of distressed businesses and successfully executed corporate restructurings, requiring skills in analysis, reconstruction planning, coordinating rebuilding of businesses, negotiating with owners, boards, suppliers, banks, secured creditors and the ATO.
These have spanned a variety of business sectors:
By the time I stepped down as Xerox’s CEO in 2009 - and as chairman in January 2010 - Xerox had become the vibrant, profitable and revitalized company that it still is today. What made the difference was a strong turnaround plan, dedicated people and a firm commitment from company leaders.
Anne M. Mulcahy
In executing successful turnarounds Ian has identified and formed a working partnership with a person with industry-specific expertise, to supplement internal expertise. Ian focused on the non-operational facets of the business which typically include:
Ian has worked closely with Senior Business Lending Officers of the major four Australian banks in managing turnarounds.