Phoenix Management Services promoted Joseph Nappi to senior managing director and shareholder of the firm.

Nappi has spent the last 14 years in the firm’s Boston office and has over 20 years of successful restructuring experience. During his career, he has been involved in a wide variety of assignments across numerous industries and business environments for a diverse group of Phoenix clients. He routinely serves in interim management roles, including chief restructuring officer and chief financial officer, and provides financial and operational leadership for middle market companies that are facing operational and financial challenges.

Nappi has also led many M&A, refinancing and recapitalization assignments, as well as pre-transaction engagements relating to due diligence, quality of earnings and business assessments for companies in a wide variety of business circumstances, industries and transaction types.

“Joe has established himself as a dynamic professional within the Boston business community by serving in a wide variety of roles and assignments ranging from interim management, investment banking, and transaction advisory,” said Jim Fleet, shareholder of Phoenix. “His elevation to a shareholder of the firm is recognition of his many contributions to the firm and provides the beacon for the firm’s continued growth within the Boston office and nationwide.”

Prior to joining Phoenix, Nappi was a portfolio manager at FleetBoston Financial, where he focused on middle market companies and managed a loan portfolio in excess of $500 million. He is a Certified Turnaround Professional with the Turnaround Management Association and holds a Series 79 license registration with FINRA. He is currently president-elect of the TMA Northeast Chapter.

Phoenix Management Services provides turnaround, crisis and interim management and specialized advisory for both distressed and growth-oriented companies.