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International Turnaround Management Standard Honors Collard as a Significant Contributor
The International Turnaround Management Standard (ITMS) honors John M. Collard as a Significant Contributor to the development of the standard.
The ITMS is published as a book authored by Dr. Christoph Lymbersky who led the research project. It serves as the Turnaround Management Body of Knowledge (TMBoK) for the Turnaround Management Society and all its classes to obtain certifications in Turnaround Management. It can be obtained in bookstores worldwide, from Amazon, B&N, books.com, Libri and from the Turnaround Management Society directly.
“Corporate restructurings often follow no method or standard. Turnaround managers often only have a legal background or a purely financial or accounting background, which leave them without the whole strategy,” said Dr. Christoph Lymbersky, Executive Director of Turnaround Management Society, and author of the International Turnaround Management Standard. “Troubled companies have more problems in the areas of strategy, operating, marketing, and management failure. I wanted to provide a guided method, to turnaround around a company that got into a crisis situation. A method that does not solely focus on one particular area of distress, but treats all causes for the crisis in a structured and controlled way. Our method is the ITMS.”
John M. Collard, Chairman, Strategic Management Partners, Inc., Past Chairman, Turnaround Management Association, and Chairman, Association of Interim Executives, said “I am honored to part of such a fine work. Turnarounds are like beginning over again – they must build teams, differentiate and sell products and services, secure capitalization, and grow.” Collard continued. “The situation and players in each turnaround engagement are unique, which requires flexibility and creativity in approach to succeed. The International Turnaround Management Standard is a brilliant rendition of strategies and actions that can be applied to the turning process. Dr. Lymbersky has done a marvelous job bringing together methodologies for practitioners.”
John M. Collard is a Certified Turnaround Professional (CTP), and a Certified International Turnaround Manager (CITM), who brings 35 years senior operating leadership, $85M asset and investment recovery, 45+ transactions worth $780M+, and $80M fund management expertise to run troubled companies, serve on boards, advise company boards, litigators, institutional and private equity investors, and raise money. John has parachuted in as the Interim CEO or senior executive to turn around a troubled entity, and serves as an outside director. John is Chairman of Strategic Management Partners, Inc. (410-263-9100, www.StrategicMgtPartners.com ) in Annapolis, Maryland, USA. John is inducted into the Turnaround Management, Restructuring, and Distressed Investing Industry Hall Of Fame, Past Chairman of the Turnaround Management Association (TMA), Chairman of the Association of Interim Executives (AIE), and Senior Fellow of the Turnaround Management Society (TMS).
About the Turnaround Management Society (TMS):
The TMS is an industry specific organization for Turnaround Management. Its members are turnaround professionals, distressed debt investors and academics. It is the objective of the TMS to bring together the knowledge of Turnaround Management academics and the experience of Turnaround Management professionals. The TMS provides a link between academics who are engaged in research and the professional community that seeks research outcomes and provides academics with professional insight, guidance and feedback. The TMS supports the International Turnaround Management Standard™ (ITMS), the Successful Turnaround Management Strategies Database, the Turnaround Management Journal (TMJ), and TMS Certifications.
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