Lamar: The Fallout (Part 1)
Please join us for this 1st meeting in a series entitled Lamar: The Fallout.
The topic for this meeting is the Causes of a Construction Company Collapse.
Our speaker is Doug Wilterdink who is a turnaround/workout person who actually had some interaction on the Lamar situation.
Doug Wilterdink has
more than 35 years of experience in corporate finance, public
accounting, management consulting, restructuring and turnaround, and
other transition situations. Doug earned his B.A. from Michigan State
University and is a Certified Public Accountant (non-practicing). He
founded DWH in 2006 and currently serves as a Managing Partner.
Doug has led restructure and turnaround situations as an employee
(CFO and CEO), as an entrepreneur, and as an outside advisor. Following
his employment with an international public accounting firm, he took a
financial management position with a company that was part of a
family-owned portfolio. That evolved to leading turnaround and M & A
activities for a number of companies in the portfolio. Doug used this
experience to then purchase a distressed company, which he turned around
and eventually sold. This turnaround involved significant changes in
strategies and tactics, recapitalization and refinancing, developing and
implementing improved forecasting, financial reporting and other
controls, as well as other business development and operations
Doug applies his hands-on experience to each unique client situation,
taking into account all the stakeholders affected by a transition
situation. He is able to understand, from an entrepreneurial standpoint,
all the business items an owner and manager has to think about,
including financial management and modeling, contractual relationships,
operations, international practices, and corporate administration.
In addition, Doug is active in many professional and community
organizations including being on the Board of the YWCA West Central
Michigan and past President of the West Michigan Turnaround Management