Operational Turnaround
The Client
An offshore private equity fund with a majority position and management rights for a distressed local mining operation.
The Challenge
The operation was encumbered with a self-appointed vendor team, nepotistic contracts, legacy management and poor morale.
The Solution
We appointed an interim Chief Operating Officer for an operational and organisational review. On recommendation, we then replaced the management team and appointed an experienced board.
The Impact
The new board and management team quickly realised the business plan was flawed. After a rapid restructure and cost-down they then deployed a new strategy to save the company.
Richard Fortune
P: +61 2 8007 5812
M: +61 407 046 506