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Sean Gumbs is a senior managing director with FTI Palladium Partners and is based in New York. Mr. Gumbs has more than 14 years of experience creating and maximizing value for the stakeholders of troubled companies. He specializes in providing strategic, operational, managerial and financial solutions to distressed companies and investors in both Chapter 11 and out-of-court restructurings.
Mr. Gumbs has experience in a wide range of industries, including pharmaceuticals, forest products, financial services, retail, software publishing, oil distribution and real estate. He recently served as the vice president of finance and restructuring for aaiPharma, a $200 million specialty pharmaceuticals/clinical research organization headquartered in Wilmington, NC. aaiPharma emerged from Chapter 11 in March 2006, with a focus on the its drug development services strengths. Select other prior engagements include Bridge Information Systems, Kmart, US Airways and Crown Pacific Partners.
Mr. Gumbs recently completed an assignment as the interim chief financial officer of Heating Oil Partners ("HOP"), a $540 million oil distributor with operations in the Northeast. He was actively involved in all aspects of HOP's restructuring, including executing cost reduction and working capital improvement initiatives, negotiating a consensual plan of reorganization with various stakeholders and raising $125 million of exit financing. HOP confirmed its Plan of Reorganization and emerged from Chapter 11 in August 2006 with an overhauled capital structure and streamlined operations in time to renew its customers during a critical period in advance of the 2006/2007 heating oil season.
Mr. Gumbs holds an M.B.A. from Harvard Business School and a B.S. in economics from the University of Pennsylvania. He is a certified insolvency and restructuring advisor and is a member of the Turnaround Management Association and Association of Insolvency and Restructuring Advisors.
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