Daily News: April 12, 2012

Dippin’ Dots Names Conway MacKenzie’s Charleston CRO

Greg Charleston, senior managing director and leader of the Atlanta office of Conway MacKenzie Inc., has been designated as the chief restructuring officer (CRO) for Dippin’ Dots.

As a certified turnaround professional with more than 20 years of experience in turnaround consulting, financial crisis management, mergers and acquisitions, and business valuation, Charleston will manage the Kentucky-based novelty ice cream maker until the business is sold through a bankruptcy auction. The bankruptcy court approved Charleston’s appointment in early March.

Dippin’ Dots is a recognized brand in the ice cream industry. On November 3, 2011, it filed for Chapter 11. The company is seeking to sell the business for the purpose of generating proceeds to pay creditors.

Charleston has served as CRO and as interim chief executive officer (CEO) and chief financial officer on several engagements and has worked with clients in various industries, including transportation, aviation, publishing, retail, distribution, construction and automotive. Charleston recently served as CRO of a $200 million HVAC supplier and led the company through a successful out of court sale. He also was CEO and chairman of the board of directors of a $100 million power supply service company. He managed the business through a state court receivership and successful sale through an active auction process.

Charleston is a Certified Turnaround Professional, Certified Public Accountant and a Chartered Financial Analyst. He has a Bachelor of Business Administration and Master of Business Administration from the University of Michigan. He is a member of the Turnaround Management Association, American Bankruptcy Institute, American Institute of Certified Public Accountants, and the CFA Institute. Charleston is the treasurer and serves on the board of directors of the Atlanta Turnaround Management Association and is also a member of the Atlanta Metro Chamber of Commerce.

Conway MacKenzie Inc. is an international consulting firm specializing in turnaround and crisis management, manufacturing operations consulting, litigation support services and investment banking services.

Previously on abfjournal.com:

Dippin’ Dots Receives $1.25MM After CEO Resigns, OK for CRO, Friday, March 09, 2012