Applying Turnaround Principles in a Municipal Environment
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Applying Turnaround Principles in a Municipal Environment
Public Sector Restructurings Require Patience and a Plan B
By Andy Dillon, Executive Director; Kevin Hand, Managing Director & Emily Petrovski, Director, Conway MacKenzie Inc.
Restructuring a city, school district, county, or other public sector body presents unique challenges that turnaround professionals likely haven’t encountered in the private sector. While many of the same turnaround principles apply, the environment is different and thus the approach taken must...
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Emily Petrovski is a director with Conway MacKenzie and specializes in providing turnaround consulting and crisis management services. She has spent significant time with the restructuring of municipal entities and in both financial and operational aspects of municipal revitalization. Petrovski was part of the team that worked with the City of Detroit on its bankruptcy.
Kevin Hand is a managing director at Conway MacKenzie. He has more than 15 years of turnaround experience advising corporate and municipal clients. Hand was part of the team that assisted the City of Detroit with its operational and financial restructuring.
Andy Dillon is an executive director with Conway MacKenzie, a financial and operational management consulting firm specializing in corporate, municipal, and educational turnaround work. He is a former Speaker of the House (2007-2010) in the Michigan legislature and a former Treasurer (2011-2013) for the state.
