Updated: Apr 27
A turnaround manager in a post M&A mid-sized company should have a diverse range of skills and experience to successfully navigate the challenges that come with turning around a struggling business in the aftermath of a merger or acquisition. Some key characteristics and qualifications that may be valuable include:
Strong leadership skills: The turnaround manager should be able to motivate and lead teams through change, and inspire a sense of urgency and commitment to the company's goals.
Experience with post-merger integrations: They should have experience in successfully integrating and aligning business operations, cultures, and teams after a merger or acquisition.
Financial expertise: They should have a deep understanding of financial management, budgeting, forecasting, and cash flow management to ensure the company stays on track financially.
Operational expertise: The turnaround manager should have a keen eye for identifying inefficiencies and opportunities for improvement in business operations, supply chain management, and manufacturing processes.
Communication skills: They should be able to communicate effectively with stakeholders at all levels, including employees, shareholders, customers, and vendors.
Strategic thinking: The turnaround manager should be able to develop and implement a strategic plan that addresses the company's short-term and long-term goals.
Resilience and adaptability: The turnaround manager should be able to handle uncertainty and ambiguity, and be able to pivot quickly when circumstances change.
Overall, the turnaround manager should have a track record of successfully turning around struggling companies, as well as the ability to work collaboratively with stakeholders to achieve the company's goals.