In the news release, James J. Connor Joins Alderney Advisors As Managing Director, issued Dec. 2, 2015 by Alderney Advisors over PR Newswire, we are advised by the company that the photo caption should read "James J. Connor Joins Alderney Advisors As Managing Director." Mr. Connor was misidentified in the photo caption that was originally issued. The complete, corrected photo and release follows:
James J. Connor Joins Alderney Advisors As Managing Director
Transformative Executive Adds CEO-level Global Experience to Alderney Team
SOUTHFIELD, Mich., Dec. 2, 2015 /PRNewswire/ -- Alderney Advisors, a leading Detroit-area business advisory firm today announced that James J. Connor has joined the firm and will serve as Managing Director. He will oversee a range of executive-level strategic, financial, and operational services for clients and adds considerable experience to the interim management and CEO-level expertise Alderney provides.
Connor brings more than 40 years of industry experience to the firm. In addition to extensive turnaround experience, he has held the positions of CEO or President of industrial companies for a combined 14 years, and served as controller of a Fortune 500 company for 5 years.
"We've known and worked with Jim for a long time and we're excited to add his expansive global and strategic expertise to our team," said Alicia Masse, Co-Founder, Managing Director, Alderney Advisors. "His addition to the firm represents a strategic move that strengthens every area of our practice, especially our manufacturing consulting, M&A, and strategic support capabilities."
C-level experience bolsters interim management and strategic support
Prior to joining Alderney Advisors, Connor served as President and CEO, Tecumseh Products Company, where he oversaw 7,400 employees at 17 manufacturing operations, engineering centers and sales offices in North America, South America, Europe, Malaysia, India, and China.
He replaced the management team, improved operating income, increased gross margin, reduced selling and administrative costs by $10 million (13%) and developed and successfully implemented a 5-year product road map strategy that significantly boosted enterprise value.
Previously, he was Managing Director of a regional advisory firm where he advised large- and medium-sized organizations in various industries during restructurings, liquidations, turn-around situations, bankruptcies and M&A activities. Additionally, he performed due diligence services for multiple private equity groups and was in demand as a speaker at various local and national conferences.
Before that Connor served as President and CEO of Newcor Inc. and Vice President and CFO of Rockwell Medical Technologies. Earlier experience included service as President and C-level positions at global automotive manufacturing firms including T&N, Glacier Vandervell, and JP Industries.
International experience a big plus for Alderney clients
Connor has been responsible for and has 'hands on' experience in China, Brazil, India, Western Europe, and Malaysia; and has conducted business and formed relationships in Japan, the Middle East and Australia. According to Greg Coppola, Co-Founder, Managing Director, Alderney Advisors, "Global expertise is increasingly important to Alderney Advisors' growing middle market manufacturing clients and represents a focus area for the firm. Jim's background has established him in leadership roles not only in financial settings but as an operations leader and global strategist."
Connor holds a Bachelor of Science in Industrial Management Degree from Lawrence Technological University, Southfield, MI. He is a former CPA and has been a member of the American Institute of CPAs for 34 years.
About Alderney Advisors LLC
Alderney Advisors LLC is a business advisory firm providing uniquely valuable expertise in the areas of management consulting, supply risk management, interim management, debtor representation, creditor representation, due diligence and litigation support. With its unique Alderney Scorecard™ analytical tool, Alderney Advisors supplies industries with critical supply chain financial monitoring capabilities and clients with a turnkey service to support their critical risk mitigation activities. For more information about Alderney Advisors, visit www.alderneyadvisors.com.
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SOURCE Alderney Advisors