Turnaround Management

Interim management engagement delivering a critical business transformation. Lord have worked with this international consumer healthcare products group for over 7 years, and when they needed support from a specialist Industry experienced business leader, we engaged with our associate network to find the right solution. In this assignment, our clients UK operations had experienced significant growth over the previous 3 years, however the business was now struggling with high operational costs and fluctuating prices in global commodity markets. The brief was to appoint an Interim with expertise in the sector and these global commodities, with a lean manufacturing background. The objective was to support the management team in streamlining operations, reducing waste, and to develop a stable pricing model with key suppliers to ultimately improve profitability. This approach not only improved the company’s bottom line, but also increased its attractiveness to potential buyers, as the group were approaching the pre-sale exit preparation stage with their private equity partners.