Jim Szczepanik has been a turnaround professional for more than thirty years. Before dedicating his career to assisting distressed companies, he gained a wide range of turnaround, financial and operations experience focused on implementation-oriented consulting work. Prior to that, Jim served as President of a distressed construction business which was successfully restructured, as well as several other management positions in the corporate world.
Most recently, Jim has helped numerous clients become more profitable and rebuild their income statements and balance sheets through changes in operations, consolidation, profitable pricing strategies, reducing expenses and other initiatives. He has also advised and negotiated the sale of distressed companies in industries such as construction equipment, sporting goods, telecommunications, toys, and industrial machinery and equipment.
Jim has assisted large and small companies including a $600 million construction and agricultural equipment manufacturer (serving as interim CFO), a $60 million toy manufacturer (turnaround and sale to a strategic buyer), a $550 million snack foods manufacturer (doubling of gross profit within a year), a $20 million electrical subcontractor (sold to a strategic buyer), $280 million telecom manufacturer (successful wind-down of operations and sale of core operation to a strategic buyer) as well as numerous others. Since 1990, Jim has led over 160 distressed company client engagements for 90+ client organizations. He particularly appreciates the fact that clients return to him if and when the need re-occurs.
Before joining Harney Management Partners, Jim was a partner in the Chicago-based turnaround and restructuring management firm of Silverman Consulting for 26 years. Prior to that, he was President of an insulation contracting firm in Illinois, a Senior Manager in the management consulting arm of Touche Ross & Co. (now Deloitte) and Manager of Financial Analysis and Planning within Abbott Laboratories. His previous clients included the Federal government (the FDIC), local government (Chicago Police Department), healthcare (healthcare providers including nursing homes and acute care facilities), as well as manufacturing and distribution companies in many industries. His toughest client meeting involved a roomful of armed Chicago Police Department personnel who took exception to certain recommendations.
Jim received his Bachelor of Arts degree in Physics from the University of Illinois and a Master of Business Administration from the University of Chicago. In his spare time he enjoys astronomy, ice hockey and classic cars.