The Turnaround Management Association chose Scott Y. Stuart as its chief executive officer. Stuart will lead the global organization of more than 9,000 turnaround and corporate renewal professionals.
The Turnaround Management Association inducted five honorees into the 2018 Turnaround, Restructuring and Distressed Industry Hall of Fame.
ABF Journal and its partners, the New York Institute of Credit and the Philadelphia Chapters of the Commercial Finance Association and Turnaround Management Association, outfoxed a March snowstorm by rescheduling the conference for June. For the second year, the event was held at Philadelphia’s Union League and provided an opportunity for serious discussion surrounding hot issues like blockchain and trademark ownership while offering two light-hearted rounds of Jeopardy.
The Turnaround Management Association offers restructuring professionals tools and resources to succeed in their careers. The TMA Annual, scheduled for September 26 to 28 in Colorado Springs, CO, is a prime opportunity to network and connect with lenders and other professionals. This year’s TMA Global President, Kevin Krakora, head of KMPG’s U.S. Restructuring Practice, outlines the programs TMA is launching to expand the organization’s member benefits beyond the ballroom.
For 30 years, Vermont Aerospace crafted precision machinery for aircraft from its home in the Connecticut River Valley. A spiraling financial downturn combined with the unexpected death of its owner left the company reeling. After VA received the TMA’s 2017 Small Company Turnaround Award, the TMA invited attorney Cathy Reece to moderate a discussion by the turnaround team to learn how this unusual transformation enabled the company to avoid bankruptcy and retain its employees.
Two Republic Business Credit’s business development officers were recognized for their significant contributions to TMA’s Midwest/Chicago chapter.
Gregory J. Fine resigned as the Turnaround Management Association’s chief executive officer prompting the organization to launch a search for a new CEO.
The Philadelphia Credit and Restructuring Summit celebrated its 10th anniversary by moving to a new location and adding a panel of women executives to the lineup. Lenders, turnaround professionals and bankruptcy judges enjoyed a round of Judicial Jeopardy before discussing serious matters ranging from possible federal tariffs on foreign goods to the ramifications of the Supreme Court’s ruling on structured dismissals in bankruptcy.
The Philadelphia Credit & Restructuring Summit, sponsored by ABF Journal , CFA, TMA and NYIC, will be held on Thursday, March 30, 2017 at The Union League of Philadelphia. Early Bird discounts are available now.