Contact Information: For More Information: Marjorie Dunn Manager, Marketing & Communications 312/254-0892
CHICAGO, IL--(Marketwire - December 15, 2008) - MorrisAnderson is pleased to
announce that David M. Bagley in MorrisAnderson's Chicago office has been
promoted to Managing Director effective January 1, 2009.
Bagley joined MorrisAnderson in 2002 and during his tenure he has assisted
numerous companies in transition, achieving successful outcomes for
financially distressed and underperforming companies as a consultant,
interim manager and financial advisor.
Dan Dooley, Principal and COO of MorrisAnderson, states, "Dave has been a
great asset to MorrisAnderson. With his experience and financial expertise,
he has managed and contributed on projects in a wide variety of industries,
including manufacturing, hospitality, transportation, distribution, retail,
catalog mail-order, finance, computer technology and software." Adds
Dooley, "Dave's recent success with Roman, a giftware distributor was so
significant that Dave and MorrisAnderson were awarded a '2008 Turnaround of
the Year' award by the Chicago Chapter of the Turnaround Management
Association, as well as 'Mid-Sized Turnaround of the Year' - Honorable
Mention - by the International Turnaround Management Association. We are
extremely proud of all that Dave has achieved and look forward to his long
term participation as a senior member of our Leadership Team."
Bagley has completed a variety of successful projects for companies ranging
in size from $25 million to more than $500 million, including: working as
CEO of a $50 million national fundraising company where a restructuring
saved the company over $4 million annually; working as CFO of a $100
million national restaurant chain where Bagley negotiated over $5 million
in short-term financing to facilitate the build-out of 25 locations over 18
months and the growth strategy saw revenues increase 87 percent
year-over-year; and working as Chief Restructuring Officer for a $100
million environmental remediation construction firm where he helped the
company manage cash and liquidity, as well as lender communications, and
negotiated two forbearance agreements.
Before joining MorrisAnderson, Bagley ran the $30 million international
division for a large national hardware distributor, started a Midwest
regional logistics program for an international freight forwarder and
brokerage firm, and consulted Fortune 500 firms on technology-based new
business plans.
Bagley is a Certified Turnaround Professional (CTP). He earned a master's
degree in business administration from the J. L. Kellogg Graduate School of
Management at Northwestern University and a bachelor's degree from DePauw
University in Greencastle, Indiana.
More about MorrisAnderson:
Now celebrating its 28th anniversary, Chicago-based MorrisAnderson has
offices in New York, Atlanta, Milwaukee, Los Angeles, Cleveland and St.
Louis. The firm's service
offerings include performance improvement, financial advisory,
investment banking, interim management, lender services, turnarounds,
workouts, litigation support, valuation, information technology services,
and insolvency services and wind-downs. MorrisAnderson emphasizes hands-on
involvement for companies with $20 million to $200 million in annual sales.
