Frank J Cassanelli

Frank offers a unique combination of strategic, financial, and operating skills. He specializes in providing crisis interim management and has extensive experience in the development and execution of strategic, operational, organizational, and financial improvement initiatives, both for corporate clients and the portfolio companies of private equity funds.

He began his professional career in public accounting and moved on to various accounting and financial management positions. Frank has extensive experience with accounting issues, process improvement, budgeting and forecasting, due diligence, and mega-case bankruptcy administration. He has successfully taken on key roles in turnaround and performance improvement situations involving mid-size to multi-billion dollar companies.

With over 18 years of financial and operational management experience, his credentials consist of a blend of corporate and consulting experience in various industries including transportation, manufacturing, healthcare, and multi-location retail and service organizations.

Frank has served both private and public companies as Assistant Controller, Divisional Controller, Director of Reorganization Accounting, and Director of Accounting. His experience in accounting, operations, liquidity management including cash flow modeling, as well as cost reduction initiatives provides a complement of services to assist companies with financial and operational turnarounds. He also has had a tremendous amount of experience with large, complex restructurings, mergers and acquisitions, and post merger integration.

Frank assumed interim management roles, serving as Chief Financial Officer of a national bus manufacturer, leading the finance department and guiding the restructuring from a financial and operational perspective. He led the team in a consolidation of the plant and systems creating a cost savings as well as an efficient and effective transition. Prior to that, Frank was instrumental in making sure that one of the leading aircraft leasing and part sales company’s F1 filing was timely and accurately filed facilitating the company’s successful public offering.

Additionally, he served as Director of Reorganization Accounting for an international car rental company where he was an integral part of the turnaround team. Frank became the Director of General Accounting, which provided him with extensive experience in a large transaction intensive environment, where he managed four departments and a team of approximately fifty members.

Frank worked with one of the top three US Automakers’ finance arm on facilitating the new ownership transition plans, and assisting with planning and execution of post-transaction projects within the Accounting and Finance departments.

Currently, Frank is managing two Tier 1 Auto Suppliers’ bankruptcy claims process creating a substantial reduction in liabilities to the estate. In addition, Frank assisted in the process to help expedite the accelerated plan of reorganization.

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