In this episode of the Gross Profit Podcast James meets Eric Neumann, Fractional CFO at New Life CFO Services. They discuss the challenges and complexities of dealing with distressed debt and the critical role a CFO plays in navigating these turbulent financial waters.
About Eric Neumann: Eric Neumann has over 30 years of experience as a CFO, with a rich background in leading M&A transactions, restructuring debt, and improving cash flow. At New Life CFO Services, he specializes in providing financial leadership in turnaround situations and for companies engaging in mergers and acquisitions. Eric’s career highlights include taking a radio company public and negotiating deals that significantly enhanced shareholder value. He is known for his strategic initiatives that uncover hidden value in organizations, ranging from startups to Fortune 1000 companies.
What You’ll Learn:
- The Perils of Distressed Debt: How companies become targets of distressed debt funds and the consequences of not meeting financial covenants.
- CFO’s Role in Turnaround Situations: Eric discusses his approach to restructuring a company’s cost, performance, and capital structure during financial crises.
- Strategic Financial Leadership: The importance of robust financial guidance in M&A scenarios and how CFOs can drive company recovery and growth.
Episode Highlights:
- “Eric, can you share more about the typical scenarios where a company might find itself dealing with distressed debt?”
- “What strategies have proven effective in your experience for companies trying to navigate through financial distress?”
- “Given your extensive background, what are some common pitfalls companies face during restructuring and how can they be avoided?”
- “How does your role at New Life CFO leverage your expertise in both stabilizing companies and preparing them for healthy exits or new phases of growth?”
Beyond Financial Management, Eric is passionate about creating sustainable value and addressing complex financial challenges with innovative solutions. His approach is grounded in a philosophy that emphasizes courage, innovation, performance, and passion—a framework that has guided his decisions and leadership style throughout his career.
