Tanner MacDiarmid, Partner

Tanner specializes in providing advisory and interim management services for companies in varying stages of transformation and distress. He has a proven track record of driving business plan and performance improvements to exceed financial goals.

Select Representative Experience

Size of Company
Industry
Role and Impact
$1B+
Specialty Apparel Retailer

Served as interim CFO for publicly traded company. Helped set organizational priorities, simplified IT roadmap, fixed key processes, and drove cost efficiencies.

$3B
Specialty Apparel Retailer

Served as interim CFO and transformation program leader post-private equity acquisition. Spear-headed performance improvement initiatives to ultimately deliver on EBITDA improvements beyond investment ‘thesis’.

$700M
Alcoholic Beverage Company

Led the development of a transformation plan following private-equity acquisition (carve-out from a public company). Established achievable targets for revenue growth, rationalized cost structures and capital plans, renegotiated supply chain agreements to right-size inventory, devised liquidity management/business intelligence tools, and crafted stakeholder communications to support covenant waiver.

$140M
Food Production and Distribution Company

Served as Chief Transformation Officer responsible for designing and executing the Company’s ‘path to profitability’ and turnaround plan. Identified and implemented over $14M of annualized EBITDA and cash savings initiatives.

$300M
Customer Loyalty and Rewards Business

Led strategic alternatives assessment and stabilized the business during COVID crisis. Devised and executed company’s ‘revitalization’ plan concentrating on commercial strategy, ‘fit for purpose’ organization design, and cost optimization impacting EBITDA by $10M+

$1B+
Specialty Apparel Retailer

Served in interim finance and operations leadership role during its turnaround that delivered $100M+ EBITDA improvement over 2 years.

$1B+
Independent Power Producer

Advised company on financial restructuring and separation from its Fortune 500 parent, resulting in its successful transformation into a stand-alone company.

$10B+
Healthcare Provider

Headed liquidity management and working capital optimization program that generated $300M improvement in cash.

$2B
Aircraft Manufacturer

Advised company on its debt restructuring and turnaround that refocused the company on delivering on its core products. Recipient of TMA’s Mega Company Turnaround of the Year Award.

$500M
Online and Print Advertiser

Served in an interim restructuring officer role responsible for developing reorganized company business plan, negotiating with constituents, and driving turnaround efforts.

$1B
Major Retailer

Advised parent company on strategic alternatives for a distressed Canadian and US subsidiary. Oversaw the monetization of assets and wind-down of operations generating over $1B of cash.

Tanner MacDiarmid
Partner
San Francisco