Welch Earns Certified Turnaround Professional Designation

Pittsburgh-resident Mark Welch has earned the designation "Certified Turnaround Professional," which provides an objective measure and recognition of expertise related to workouts, restructurings and corporate renewal.

[ClickPress, Wed Mar 01 2006] Pittsburgh-based Mark Welch has been awarded the professional designation of Certified Turnaround Professional (CTP). Welch is Consulting Manager, Morris Anderson & Associates, Des Plaines, IL and a member of the Turnaround Management Association (TMA) Pittsburgh Chapter. Welch is a senior financial executive and management consultant who has led numerous turnaround, crisis management, recovery and bankruptcy assignments in various business sectors. He has held interim-management positions as a CFO, CRO, Controller and Cash Manager with underperforming and bankrupt companies, and has optimized recoveries in liquidations, receivership, and bankruptcy sales. He has specific expertise in cost reduction, asset recovery, restructuring plans, internal control development, liquidation and bankruptcy reporting.

The CTP designation provides an objective measure and recognition of expertise related to workouts, restructurings and corporate renewal. Applicants must meet specific standards of education, experience, and professional conduct. They must also successfully complete a rigorous examination that covers financial and managerial accounting and tax, turnaround and crisis management, and bankruptcy and UCC law. CTPs are required to participate in continuing-education programs to maintain their certification.

“The CTP designation is the industry’s most recognized certification of experienced and skilled turnaround professionals,” said ACTP Chairman Anthony M. Bergen, CTP. “It is a mark of distinction for professionals who have demonstrated their commitment to the corporate renewal industry and to a high standard of excellence and integrity.”

The Association of Certified Turnaround Professionals (www.actp.org) is an international nonprofit organization dedicated to developing, monitoring, and maintaining a program of certification for professionals engaged in the turnaround, crisis management, restructuring and renewal of troubled businesses, organizations and associations. It maintains its administrative headquarters at the Turnaround Management Association in Chicago. TMA (www.turnaround.org) is the premier professional community dedicated to corporate renewal and turnaround management. It has 7,000 members in 36 chapters worldwide.

Since 1980, Morris Anderson & Associates’ seasoned professionals have successfully provided strategic, financial and operational consulting (www.morris-anderson.com) to more than 1,400 underperforming and financially distressed businesses and their stakeholders, maximizing enterprise value.

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