Case Studies: Interim Management

A publicly-traded industrial technology company was performing poorly. It lacked strong management and effective market direction and penetration. Based in California, the company served customers in 80 countries and employed more than 500 people worldwide.

Regent Pacific was retained to provide a detailed review of the company's operations and strategic direction. Regent Pacific was subsequently engaged to manage the company with interim management executives of Regent Pacific filling key executive positions including the CEO, CFO, vice president of sales and marketing, and European operations.

Under Regent Pacific's management, the company was refocused on key markets, sales were increased as a result of directed market and customer penetration, margins were improved and operating costs were reduced. The company was returned to profitability and growth. Based on exceptional performance, the board extended Regent Pacific's initial engagement for two additional 12-month terms. In conclusion, and as part of its management responsibility, Regent Pacific developed and retained succession management to permanently replace the interim executive positions held by Regent Pacific. The company has continued to display healthy and profitable growth.