Transition Executive Management
In times of planned or unplanned change in an organization, senior management depends on trusted leaders who thrive in dynamic situations. Riveron acts as an extension of your business, providing leadership during periods of high growth, distress, integration and separation.
Balancing demands from executive leadership, the board of directors and external parties, Riveron makes transparent, informed decisions and provides expert, data-driven advice. Limiting interruption to your business, we stabilize the situation, transform the function and transition the institutional knowledge we have accumulated, communicating a clear direction for lasting success.
We provide assistance as hands-on:
- Chief Transformation Officer
- Chief Restructuring Officer
- Chief Financial Officer
- Treasury Leadership
- FP&A Leadership
Riveron takes on a leadership role to navigate a company through a period of distress
In 2015, the parent entity of Terraform Power and Terraform Global, owners and operators of renewable energy power plants, declared bankruptcy. This event necessitated a sale of both entities. Riveron was engaged shortly after the bankruptcy to ensure continuity of operations, implement process improvement initiatives and ready the organization for the eventual divestiture. For Terraform Global, Riveron took over key roles and responsibilities, including interim accounting leadership and worked for over a year to keep the organization running and streamline financial reporting processes while partnering with management to assist with the strategy and execution of the sale process. When the sale was complete, Riveron transitioned its roles to the new owning entity, providing five months of ongoing and transition support.
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Riveron is opening its new recovery and transformation services practice, according to a statement provided to Debtwire.