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Rod Olivero, Senior Director, has more than 20 years of combined financial, interim management, investment banking, restructuring advisory, and credit analysis experience with a focus on leading middle-market, distressed, and special situations engagements. His industry experience includes business services, consumer products (household, personal care, do-it-yourself categories), distribution, financial institutions, food & beverage, industrials, logistics, and manufacturing.
Rod has held various interim financial management and consulting positions working on financial reporting and analyses, treasury, corporate development, turnaround & restructuring, and performance improvement. Rod recently served as CFO for a $175 million distressed consumer products, light industrial company. After an unsuccessful sale to a private equity firm, the company transitioned to a liquidation process and was sold in an asset sale to a strategic acquirer. Rod managed the day-to-day financial operations during the liquidation and transaction process and is currently winding down the entities in an out-of-court process.
Rod also served as Interim CFO of a $120 million distressed logistics company. The company was at a critical stage; a stalled sale of the entire business and the declining operational performance had left it with limited liquidity and an unclear path forward. Rod assisted the company to develop a plan to sell the business, in an out-of-court process, in three parts. Rod aggressively managed working capital to extend the runway and successfully executed the sale strategy. He also had a significant role in contingency planning, separated all business units in preparation for the sale, developed transition service agreements with all buyers, and developed and negotiated net working capital targets as part of the sales process.
Rod has also served as an interim CFO for a $30 million protein producer in financial distress. The food manufacturer was operating at a loss and liquidity was an issue. Rod prepared the 13-week cash flow forecast, renegotiated terms with vendors and negotiated bank lines of credit to stabilize the business so the shareholders could recapitalize the company. Rod also developed sales and product profitability analyses to identify core pricing and margin issues. In other interim CFO roles, Mr. Olivero developed, implemented, and managed cash forecasting models, financial reporting functions, and budgeting processes, as well as assisted companies in gaining access to capital.
Prior to joining Getzler Henrich, Rod was director of investment banking, business restructuring, and turnaround services at a prominent global advisory firm. Earlier, he served as director and credit analyst at Standard & Poor’s Rating Services. Rod began his career in investment banking at Bear Stearns & Co.
Rod earned a Master of Business Administration in Finance from Cornell University and a Bachelor of Business Administration in Accounting from Hofstra University. Mr. Olivero is a certified public accountant, a certified turnaround analyst, and holds FINRA series 63 and 79 licenses.