Doug Flannery, Director

With 20 years of experience working to stabilize companies during periods of change and uncertainty, Doug Flannery specializes in corporate turnaround, restructuring, performance improvement and strategy. Doug has extensive global experience and has successfully operated companies in numerous countries with diverse cultures and legal systems across a wide spectrum of industries.

Doug has developed and executed strategies to drive companies through significant change. He can quickly analyze complex situations and triage into manageable projects to rapidly deliver value. Doug leverages his experience to identify root causes of under-performance and implement solutions. His hands-on approach and collaboration with management have consistently transferred these capabilities to clients to sustain results. Previously, Doug was a director for a series of turnaround and insolvency firms, both domestic and international, and a strategy consultant for a E&Y in Asia.

Representative Experience

  • Interim CEO for $120MM coal services company. Stabilized operations during a successful orderly sale process.
  • CRO for $525MM aluminum manufacturer and distributor. Reduced daily break-even from sales of 280 to 160 tons of product.
  • CRO for $400MM South American nickel mine. Successfully transitioned mine to care & maintenance in a depressed market preparing for sale process.
  • COO for $36MM freight division. Developed and executed 100-day turnaround plan decreasing cash burn rate by $2MM per annum.
  • CRO of $100MM luxury goods retailer. Returned business to cash flow positive operations following removal of CEO after years of losses.
  • CRO and board member for natural gas developer with a 200 BCF field. Restructured trade debt and refinanced to allow restart of operations.
  • Assistant CRO for CompUSA, a $3B electronics retailer. Assisted with winddown of operations and liquidation of assets.
  • CRO of $120MM contract cleaning business. Managed daily cash, created controls of labor and materials, improved time keeping to reduce waste and fraud.
  • Assistant CRO for a $120MM consumer goods manufacturer. Restructured business along functional lines reducing costs by 30% in 3 months.

Contact Information

E-mail: doug.flannery@cr3partners.com
Phone: (201) 394-6854
LinkedIn | VCard


Industries

  • Technology
  • Retail
  • Distribution & Logistics
  • Manufacturing
  • Natural Resources
  • Consumer Goods
  • Packing Services

Education & Certifications

  • B.S., Rensselaer Polytechnic Institute
  • M.S., Rensselaer Polytechnic Institute
  • M.B.A., Columbia University

Doug Flannery, Director

Contact Information

E-mail: doug.flannery@cr3partners.com
Phone: (201) 394-6854
LinkedIn | VCard


Industries

  • Technology
  • Retail
  • Distribution & Logistics
  • Manufacturing
  • Natural Resources
  • Consumer Goods
  • Packing Services

With 20 years of experience working to stabilize companies during periods of change and uncertainty, Doug Flannery specializes in corporate turnaround, restructuring, performance improvement and strategy. Doug has extensive global experience and has successfully operated companies in numerous countries with diverse cultures and legal systems across a wide spectrum of industries.

Doug has developed and executed strategies to drive companies through significant change. He can quickly analyze complex situations and triage into manageable projects to rapidly deliver value. Doug leverages his experience to identify root causes of under-performance and implement solutions. His hands-on approach and collaboration with management have consistently transferred these capabilities to clients to sustain results. Previously, Doug was a director for a series of turnaround and insolvency firms, both domestic and international, and a strategy consultant for a E&Y in Asia.

Representative Experience

  • Interim CEO for $120MM coal services company. Stabilized operations during a successful orderly sale process.
  • CRO for $525MM aluminum manufacturer and distributor. Reduced daily break-even from sales of 280 to 160 tons of product.
  • CRO for $400MM South American nickel mine. Successfully transitioned mine to care & maintenance in a depressed market preparing for sale process.
  • COO for $36MM freight division. Developed and executed 100-day turnaround plan decreasing cash burn rate by $2MM per annum.
  • CRO of $100MM luxury goods retailer. Returned business to cash flow positive operations following removal of CEO after years of losses.
  • CRO and board member for natural gas developer with a 200 BCF field. Restructured trade debt and refinanced to allow restart of operations.
  • Assistant CRO for CompUSA, a $3B electronics retailer. Assisted with winddown of operations and liquidation of assets.
  • CRO of $120MM contract cleaning business. Managed daily cash, created controls of labor and materials, improved time keeping to reduce waste and fraud.
  • Assistant CRO for a $120MM consumer goods manufacturer. Restructured business along functional lines reducing costs by 30% in 3 months.

Education & Certifications

  • B.S., Rensselaer Polytechnic Institute
  • M.S., Rensselaer Polytechnic Institute
  • M.B.A., Columbia University

News

Case Studies