Marc Schechter

Marc Schechter Email and Phone Number

► CEO | Turnaround Strategist | Business Transformation Leader ◄ @
Marc Schechter's Location
Bloomfield Hills, Michigan, United States, United States
Marc Schechter's Contact Details

Marc Schechter personal email

n/a

Marc Schechter phone numbers

About Marc Schechter

I’m a senior executive with a knack for leading transformation and turning around distressed companies. As a Partner with a private equity company, I have been instrumental in the acquisition, turnaround, and growth of companies in our portfolio. I also served as CEO to one of our acquisitions – leading it from a $2M loss to a $2M profit within one year.A few highlights of my background are:> Consistent record of reducing costs, maximizing productivity, and restoring profitability.> Experience leading acquisitions, mergers, post-merger startups, and turnaround.> Change Agent with the ability to lead transition and corporate culture change.> Extensive experience hiring, training, and building top-performing teams.> Bachelor of Arts in Administrative Management.

Marc Schechter's Current Company Details
The Anderson Group LLC

The Anderson Group Llc

► CEO | Turnaround Strategist | Business Transformation Leader ◄
Marc Schechter Work Experience Details
  • The Anderson Group Llc
    Partner
    The Anderson Group Llc 2007 - Present
    Co-led strategic decision-making in the acquisition, turnaround, and growth of distressed businesses. Managed due diligence process, negotiated purchase with owners, and led turnaround of portfolio companies by growing EBITA profits and controlling costs. Right-sized organizations to maximize efficiency and drive sales. Negotiated bank credit agreements to reduce interest costs.CEO – Perfect Fit Industries (2011 – 2016) Acquisition of The Anderson GroupSelected by The Anderson Group to lead transformation of this portfolio company while retaining partnership responsibilities. Directed operations, finance, P&L, manufacturing, and HR. Supervised four senior executives and a total workforce of 500+.> Challenge: To turn around a poorly-managed and unprofitable $100M company that had lost $2M in the previous year and was in default with its lenders. > Actions: Reduced costs $4.0M by replacing key management, closing unprofitable plants, streamlining purchasing, moving production, and renegotiating supplier pricing. Eliminated unprofitable sales, improved financial reporting, and updated inventory control process.> Results: Transformed company from a $2M loss to a $2M profit within one year. Increased profitability annually to ultimately achieve a 25% margin. The Anderson Group was able to exit the investment in five years at a substantial multiple of EBITDA.
  • Geneva Watch
    President & Ceo – Mass Marketing Division
    Geneva Watch Dec 2002 - Oct 2007
    New York, Ny, Us
    Held full P&L responsibility for this $250M company. Managed five direct reports, a team of 250 employees in the U.S., and 1600 employees overseas. > Grew Geneva Watch business 100% from 2004-2005 by leading two post-sale acquisitions, and led integration to maximize profits.> Opened and staffed an ISO certified manufacturing facility in China. Recruited managers in China to direct 1600 employees producing 15M units annually.> Opened a new, 250,000 sq. ft. distribution center in Canton, Michigan.> Fostered a culture of accountability by hiring best-in-class staff. Improved performance by instituting a team approach to customer service and establishing a staff incentive program.
  • Advance Watch Company Llc
    President & Ceo
    Advance Watch Company Llc Jun 1995 - Nov 2003
    > Grew Advance Watch from $40M to $110M through organic business expansion – laying the groundwork for its eventual profitable sale.

Marc Schechter Skills

Strategic Planning New Business Development Mergers Marketing Strategy Strategy Mergers And Acquisitions Business Strategy Product Development Management Leadership Forecasting Start Ups Strategic Partnerships Business Process Improvement Private Equity Marketing Acquisition Integration Business Transformation Change Management Profit And Loss Management Cost Reductions Budget Management Team Building Turnaround Management Global Operations Operations Management Sales Management Sales Operations

Marc Schechter Education Details

  • New England College
    New England College
    Administration Management

Frequently Asked Questions about Marc Schechter

What company does Marc Schechter work for?

Marc Schechter works for The Anderson Group Llc

What is Marc Schechter's role at the current company?

Marc Schechter's current role is ► CEO | Turnaround Strategist | Business Transformation Leader ◄.

What is Marc Schechter's email address?

Marc Schechter's email address is ms****@****vgi.com

What is Marc Schechter's direct phone number?

Marc Schechter's direct phone number is +161067*****

What schools did Marc Schechter attend?

Marc Schechter attended New England College.

What skills is Marc Schechter known for?

Marc Schechter has skills like Strategic Planning, New Business Development, Mergers, Marketing Strategy, Strategy, Mergers And Acquisitions, Business Strategy, Product Development, Management, Leadership, Forecasting, Start Ups.

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