LAWRENCE H POWERS - PARTNER
Larry Powers is one of the founding partners of Pittsburgh-based COMPASS ADVISORY PARTNERS. Larry is a crisis management executive with over twenty years of financial and senior management experience, including company reorganization, debt restructuring, operations and marketing. He has been a successful turnaround consultant for almost fifteen years, in numerous industries ranging from metals to banking and transportation.
Before becoming a certified turnaround professional, Mr. Powers served as President, COO, and CFO of Trimarchi, Inc. a computer mass-storage, manufacturing company from 1990-1991, where he increased sales volume by 45% and turned the company's loss of $770,000 into a profit of $80,000 in one year. While restructuring the engineering and operating departments into productive units.
Prior to his tenure at Trimarchi, he was President and CEO of Glenshaw Glass Company. As President, Larry boosted the sales volume of glass container manufacturing from $41 million to $56 million, successfully reestablishing the company's quality image.
From 1985-1988, Larry was Vice President, Treasurer, COO and CFO of Astrotech International Corporation where he developed and implemented the restructuring plan for an electronics subsidiary and negotiated the long term debt refinancing and eventual sale of Astrotech's largest subsidiary.
At General Refractories, Mr. Powers served as Vice President and Controller, participating in the reorganization of a $90 million division and $400 million corporation. Mr. Powers also served as CFO and acting President of a $200 million division.
Larry's initial experience included positions at Rockwell International, Consolidated Natural Gas Company and U.S. Steel, where he held various analyst positions. Mr. Powers is a Certified Turnaround Professional and one of the original members of the Turnaround Management Association. He has a B.A. in Mathematics from Duquesne University.
Lawrence H Powers
Compass Advisory Partners LLC
306 Fourth Avenue: Suite 701Pittsburgh, Pennsylvania 15222 USA