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Kenneth Funsten, CFA

Click here to read an interview with Ken Funsten

Click here to read an article in Mergers & Acquisitions Magazine

Kenneth Funsten has over 20 years of experience with restructuring, recapitalizing and turning around companies in distress. Ken gained his broad financial and management expertise with The Foothill Group, Trust Company of the West, Security Pacific Investment Managers, Wedbush Morgan Securities, Financial Management Advisors and Wertheim Schroder Investment Services, before forming Funsten Asset Management Company (FamCo) in 1993. FamCo's advisory business specializes in helping companies become profitable again -- in consulting, interim turnaround management, business workouts and restructurings. FamCo Capital and its partners continue to invest in and finance recoveries of all types.

Ken practices a hands-on approach, accepting appointments as the chairman or a member of corporate boards, as well as serving on official and unofficial creditors' committees. His past assignments have included Buffalo Color Corporation (where he was Chapter 11 CEO), New Millennium Homes, American Rice, Capital Gaming and CalFed and many others. He has appeared before the U.S. Dept of Commerce, the International Trade Commission, the U.S. Office of Thrift Supervision, and various federal bankruptcy courts on behalf of his clients and investments.

Ken received his MBA in 1988 in Finance and Real Estate Investment from the University of Southern California's Marshall School of Business. He has held the Chartered Financial Analyst (CFA) designation since 1990, and is a member of the CFA Institute, the Turnaround Management Association (TMA) and the California Receivers Forum.


Paul Deis

Paul Deis has had in-depth turnaround leadership experience with over 60 companies during his career of over 25 years. Paul's expertise is concentrated in product oriented companies. He recently completed a 21-month turnaround project at a mid-sized food gift company which included reducing annual fixed costs by $2.4 million plus an additional $900,000 in cost savings and $7 million reduction in peak inventory, replacement of virtually the entire corporate leadership and consolidation of two production facilities.

Paul is an ERP Best Practices expert. He has published a textbook on the subject, as well as numerous articles. Paul handles ERP issues from troubleshooting through system development and implementation.

Paul's extensive consulting experience includes Manager at Deloitte & Touche, as well as manufacturing consulting experience with capital equipment, medical devices, electronic, aerospace & defense in a wide variety of operational scales from small/mid-sized companies to large corporations. He has also led numerous ERP implementation projects.

Paul received his MBA from California State University, Northridge, and his BA in biology from the University of Texas, Austin. He is the author of "Production & Inventory Management in the Technological Age" originally published by Prentice-Hall, as well as dozens of papers and articles. His work style has been described as "non-stop."


Marc Serrio

Marc Serrio has over 28 years of senior corporate finance and operations management experience. He is a specialist in business planning and analysis, cash management, mergers and acquisitions, and accounting operations, with significant experience in debt and equity financing.

Marc served as CFO/COO at Kate Somerville Holdings, Detection Logic, and TriTech Software Systems. He previously served as EVP Finance at El Torito restaurants and Controller for Disney Sports Enterprises. Marc earned both his MBA and BS degrees in Finance from the University of Southern California Marshall School of Business.


Toly Novik

Toly Novik has over 17 years of experience managing companies in consumer goods, industrial manufacturing and distribution industries. Additionally, over the last four years he has successfully completed two operational turnarounds for a reverse logistics company and a private equity-owned manufacturing company. Toly gained broad operational, consulting and IT experience with PriceWaterhouse LLP, Avnet, SAP AG, and Bertelsmann AG. At Bertelsmann AG (a global conglomerate), he was responsible for operational performance and profitability improvements across multiple businesses in North America totaling $1 billion in revenue.

Over the last two years, Toly was actively engaged with Penta Investments, a private equity company focusing on Eastern Europe and Russia, particularly in the area of acquisitions and reorganizing large retail chains. Toly has an MBA in Marketing and Operations from California State University, Long Beach, and a BS in Material Science from Polytechnic Academy, St. Petersburg, Russia (magna cum laude). He holds a number of professional certifications including major enterprise resource planning systems SAP and American Production and Inventory Control Society.


Benjamin Cole

Benjamin Cole is a graduate of the University of California at Berkeley and of the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin. A financial journalist with more than two decades of experience, Benjamin has published two books, "The Pied Pipers of Wall Street: How Analysts Sell You Down the River" (Bloomberg Press, 2001) and "The New Investor Relations: Expert Perspectives on the State of the Art" (Bloomberg Press, 2003).

Benjamin has testified before the U.S. Congress House Committee on Banking on the conflicts of interest faced by brokerage analysts. He has been a staff reporter for U.S. News & World Report, Investor's Business Daily, and The Los Angeles Business Journal.


FamCo Advisory's Special
Operations Team

(All members of the ProVisors' Distributors & Manufacturers Group:
"Collaborating for Excellence")

Lisa Anderson

Lisa Anderson strives to accelerate cash flow through operational improvement. She has expertise in the areas of process control, mergers & acquisitions and project management. Using a pragmatic, results-driven approach partnering with executive, supply chain and operations teams, she has delivered bottom-line business improvements to clients ranging in size from start-ups to Coca-Cola Enterprises. Lisa has been awarded Board Approval in Supply Chain Strategy by the Society for Advancement of Consulting and she serves as an Advisory Board Member for Advanced Topics in Supply Chain Management at California State University Fullerton.


Brian Lorber

Brian Lorber specializes in reducing middle-market companies' operating expenses. He has experience in manufacturing, distribution, health care, construction, banking, legal and accounting industries. He is able to target freight costs, property and casualty insurance, workers’ comp, packaging, telecommunications costs, merchant card processing, office supplies, print services, temporary labor, waste management, janitorial contracts, leased equipment, lab supplies, payroll, document storage and fleet management, to achieve reductions in costs and improvements in the bottom line.


Bob Michlin

Bob Michlin, a systems consultant, specializes in software-based solutions for operational control, accounting and management reporting. Bob concentrates on distribution and manufacturing companies that want to streamline, upgrade, automate, or integrate management systems and business processes. Companies seeking more practical, cost-effective software to achieve competitive advantage are prime candidates for Bob’s expertise.


Lynda Roth

Lynda Roth’s Information Technology (IT) know-how is of value to companies large and small. She provides IT Assessments, IT strategies, IT due diligence and IT transition plans. She takes an integrated approach, assuring that business process, technology and financial systems all effectively and synergistically serve a client's goals. Her work is especially critical when a company is experiencing an ownership or other significant transition.


Bruce Winston

Bruce Winston helps mid-sized distribution companies avoid costly mistakes in the import/export process by analyzing and advising on all stages of operations, including overall planning and assessment, sourcing, production process, quality control and logistics. Typical companies for Bruce are importers, manufacturers, distributors and wholesalers with annual sales of $3 million and above.


 

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