Driving change through stabilising, collaborative and decisive leadership.
A special type of leader is required in environments of distress. In these situations, leaders need to prioritise the urgent and important, develop and communicate a change agenda to build confidence and delicately manage various stakeholder interests.
KordaMentha provides assistance through appointments to interim leadership positions. We act for companies and government organisations that are managing serious challenges and that have significant financial, operational or reputational value at risk.
How we can help you
We provide commercially focused and strategic advisory services.
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KordaMentha can act as either a temporary Chief Restructuring Officer or Chief Transformation Officer providing the provision of restructuring and turnaround advice and managing the restructure engagement process for impacted stakeholders.
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The departure of a CEO is one of the most disruptive events any organisation can face. It can destabilise the organisation and its stakeholders. We assist clients by taking interim CEO positions, leading the turnaround and giving the board time to recruit a new CEO.
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As part of our turnaround services, we can assume interim C-suite or leadership roles within the organisation. In addition to CRO/CTO and CEO, we also provide interim CFO, COO and Head of Workforce services.
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Distressed environments involve multiple stakeholders, including unions, suppliers, financiers, legal advisors, customers, employees, government and media. We identify stakeholders, assess the impact and guide them through change to optimise success and minimise disruption.
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An organisational reset is often required to reboot a distressed company. With our guidance, internal functions are aligned to support the overarching strategy of the organisation.
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We help navigate the uncertainty and complexity that comes with acquiring and integrating distressed businesses. We work with acquirors to undertake due diligence and following a successful bid process, we work with the purchaser and acquired business to complete the integration.
Our experience
We bring an evidence-based approach to our work with a strong emphasis on action and results.
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Media company
KordaMentha was engaged to work with an iconic Australian media organisation operating across multiple traditional media platforms. With a new ownership structure, the company required support to make tough calls, reduce the recurring cost base and enhance long-term opportunities and value.
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Fitness First
Fitness First underwent a global turnaround and financial restructure to address a circa $900 million debt burden. The Australian operations, which employed 5,000 staff and had 300,000 members, faced a desperate need to rationalise operations and cost.
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Central Adelaide Local Health Network
Central Adelaide Local Health Network (CALHN) is South Australia's largest healthcare network with circa 13,300 staff, five hospitals and a $1.8 billion annual budget. CALHN was an organisation in systemic distress, forecasting a $274 million FY19 budget overrun. They required leadership and management support.
