Getting, Maintaining Employee Buy-in for a Turnaround Plan
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Getting, Maintaining Employee Buy-in for a Turnaround Plan
By Nick Campbell & Kyle Sturgeon, Managing Partners, Meru LLC
When underperforming and distressed companies require the intervention of turnaround executives, they often need to develop and implement a new strategic plan. At the most fundamental level, the plan’s success depends on changing employee behaviors. Attaining employee adoption of a plan is...
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Kyle Sturgeon is co-founder and managing partner at Meru LLC. He is a veteran turnaround leader with more than a decade of operational turnaround experience. The bulk of his work has been helping materials, healthcare, and retail companies identify cost savings and execute cost transformations. He has also advised on numerous in- and out-of-court restructuring situations, including U.S. Chapter 11 and Canadian Companies’ Creditors Arrangement Act (CCAA) cases.
Nick Campbell is co-founder and managing partner at Meru LLC. He has more than a decade of experience transforming underperforming and distressed companies through operational and financial restructurings, including Chapter 11 and out-of-court restructurings. He specializes in formulating and evaluating strategic business plans and capital structures, identifying operational and organizational issues, and serving in interim management roles. His typical clients comprise middle market companies with annualized revenues between $50 million and $1.5 billion.
