Retained as a bank-appointed COO to aid in turnaround, MRG evaluated all areas of opportunity to stem significant losses and build a foundation for future success.
MRG updated financial controls and reporting; closed an unprofitable division generating annual losses in excess of $4 million; initiated a new automotive division providing $2.3 million in profitable sales in just 6 months; installed new inventory and product handling systems yielding a 27% improvement in warehouse productivity; and overall improved the sales, marketing, finance and HR departments to set this company on the path to prosperity.
