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Joseph L. Palazzi, CPA, CTP
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Joe, a native of Connecticut received his BS in Accounting
from Quinnipiac University and an MBA from the University of New Haven. He
is a Certified Public Accountant in the State of Connecticut and is active
in his community having served on various non-profit and charitable boards
including Danbury Hospital and the YMCA of Wallingford, CT. Active in the
Turnaround Management Association (TMA), Joe successfully completed the
requirements necessary to receive the designation of Certified Turnaround
Professional (CTP). His certification became effective early in 2005.
Joe’s experience includes senior positions in operations and finance with
FASCO Industries, Inc. BTR, Inc., Plessey, Inc., Pepperidge Farm, Inc.,
Bangor Punta Corporation and The Stanley Works. He began his career as an
auditor for Multer Carlson & Co.
As President/CEO of a $600 million manufacturer of fractional horsepower
electric motors, blowers and gear motors, Joe was responsible for three
operating divisions with fourteen plants located in United States, Canada,
Mexico, United Kingdom, Australia and Thailand. When he initially assumed
responsibility the company had revenues of $200 million and was marginally
profitable with money losing operations in Australia, Canada and
Pennsylvania. Under his leadership, all operations where returned to
profitability in his first six months and over the term of his engagement
he grew sales and earnings 8% and 20% per annum.
Recently, Joe served as the interim President/CRO of a privately held
leading provider of B2B content management solutions. While in this
position, he directed the company through a turnaround which resulted in
the client achieving cash self-sufficiency over a period of six months. He
also has worked with privately owned companies in the manufacturing,
textile, construction and pharmaceutical areas as a facilitator and as an
enabler of strategic growth initiatives including the arrangement of new
funding sources. |
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