The Company
Industry: Aerospace + Defense
Entity Type: PE-Backed
Operating Region: United States
Size: $250M Revenue
The PROBLEM
Amid a recapitalization and financing restructure, the company faced the abrupt exit of its CFO during a high-stakes transitional period. To ensure continuity and support the PE firm’s monetization timeline, the company needed an Interim CFO to stabilize financial leadership, strengthen reporting, and improve cash management processes.
The Solution
McDermott + Bull Interim Leaders placed a seasoned finance executive with over 20 years of experience leading manufacturing finance teams. The interim leader brought structure to financial operations, reinforced accountability across sites, and deployed data-driven strategies to protect cash flow and support strategic execution.
The RESULT
The Interim CFO clarified priorities across the finance function, rebuilt critical processes, and introduced structure to previously inconsistent financial workflows. Their leadership enhanced cash flow visibility, enabled more profitable contract decisions, and positioned the business for sustained financial performance.
Exceeded Cash Forecasts
Outperformed projections by several million dollars through enhanced forecasting discipline and cash oversight.
Captured $1.5M in Savings
Reduced spend versus budget in the first half of the year through focused cash conservation initiatives.
Increased Contract Profitability
Secured higher-margin wins by instituting rigorous financial review protocols and job-level cost controls.
Mark McConnell
Senior Managing Director, McDermott + Bull Interim Leaders
mcconnell@mbexec.com
Mark McConnell serves as Senior Managing Director for McDermott + Bull Interim Leaders, where he forges relationships with companies addressing transitions, transformations, and transactions. He partners closely with clients who require on-demand consulting resources to bridge leadership gaps and propel their business forward. Mark has significant experience serving emerging and middle-market companies and private equity firms broadly across industries and functional areas.