Joseph P. Concannon
- Senior Managing Director
- Corporate Finance & Restructuring
- T: +1 412 808 1145
- F: +1 412 808 1188
- Foster Plaza 9
- 750 Holiday Drive, Suite 630
- Pittsburgh, PA, 15220
- United States
- T: +1 412 808 1100
- F: +1 412 808 1188
- B.A., Accounting and Spanish, Washington and Jefferson College
- Certified Public Accountant (CPA)
- Certified Insolvency & Restructuring Advisor (CIRA)
- Certified Turnaround Professional (CTP)
- Turnaround Management Association (TMA), Global Board of Trustees
- Corporate Finance
- Bankruptcy Process & Contingency Planning
- Financial Planning & Analysis
- Interim Management
- Lender Advisory
- Automotive & Industrial
- Healthcare & Life Sciences
- Hospitality, Gaming & Leisure
Joseph Concannon specializes in restructuring, bankruptcy proceedings, distressed company consulting, financial analyses and due diligence. Mr. Concannon has 15 years of experience, including industry expertise in automotive, mining, healthcare, real estate, hospitality and manufacturing.
Mr. Concannon has held interim management roles and assisted senior management, secured and unsecured lenders and other constituents on a variety of matters. Mr. Concannon has also led the development of long-term business plans and cash flow projections, the review of turnaround plans and specific profit improvement opportunities, the implementation of working capital enhancements, the preparation of bankruptcy contingency plans and the divestiture of non-core assets, as well as negotiations with equity participants, secured lenders and other parties-in-interest.
Mr. Concannon’s diverse project experience includes assisting Peabody Energy, the largest privately owned coal company in the world, with long-term business planning and strategy and cash flow and liquidity management; assisting NewPage Corporation, the largest paper manufacturer in North America at the time with over more than $3 billion in revenues, with developing a long-term business plan model for its business operations and its plan of reorganization; working with DynaVox, a provider of speech generating devices and special education software, by serving as the Chief Restructuring Officer and creating the design, development and implementation of a comprehensive weekly cash flow forecasting process and long-term business plan; assisting with identifying and implementing $10 million in annual cost savings for MediMedia, a $250 million provider of health information and health management solutions; serving as a Restructuring Officer for The Sea Island Company, a luxury resort, golf and real estate development company.
Most recently, Mr. Concannon was retained by Beacon Health Options, a $2B+ provider of behavioral health solutions, to serve as interim CFO. He led the accounting, finance, treasury, purchasing and real estate functions. Mr. Concannon also led initiatives to identify and implement $75M+ in annual cost savings and improve collections and working capital cash flows.
Mr. Concannon has been involved in numerous other restructurings including Horizon Global, Vari-Form Group, Noble Group, 21st Century Oncology, Ocwen, Delphi Corporation, Dana Corporation and Visteon Corporation.
Prior to joining FTI Consulting, Mr. Concannon served as a Senior Associate in KPMG’s Audit practice.