Phoenix Management Services announced the promotion of Joseph Nappi as managing director in its Boston office.
Nappi is a seasoned turnaround professional who has led and assisted companies during the past 14 years in a variety of transitional situations. His diversified experience includes having served in interim management roles including chief restructuring officer (CRO) and CFO in companies ranging from multi-state towing companies to multi-national architectural and engineering firms.
Nappi has also led many M&A related due diligence and business assessments for middle-market companies in various stages of transition, including his most recent evaluation of one of the largest transportation companies in the United States. He specializes in operational and financial restructuring strategies, business plans and related financial projections, cost-cutting and revenue enhancement strategies, liquidity management, asset valuations, structuring and raising company financing, supporting companies thru Chapter 11 proceedings, as well as other asset dispositions and wind downs.
“Since joining Phoenix in 2005, Joe has become an integral part of the firm’s success in the Boston area by providing hands-on interim and crisis management, and exceptional financial services to our clients,” said Jim Fleet, senior managing director and shareholder of Phoenix Management Services. “We are very proud to promote him to Managing Director.”