John Beighel has provided consulting and accounting services to a variety of companies, including start-up and troubled companies and debtors in possession since 1983. He has served clients of all sizes, and in a variety of industries including manufacturing, engineering, computer services, printing and food service. Their product lines have included steel mill equipment, railroad products, consumer products, men's apparel, air freight forwarding and industrial gases.
In cases under Chapter 7 or 11 of the U. S. Bankruptcy Code, Mr. Beighel has performed the following services, in addition to those services noted above:
- Prepared Schedules of Assets and Liabilities, Statement of Financial Affairs, Monthly Operating Reports and other filings required by the U. S. Bankruptcy Court and the U. S. Trustee;
- Worked with counsel to the debtor and creditor constituencies to develop and implement plans of reorganization;
- Worked with counsel to pursue and resolve litigation filed both by and against the company;
- Managed and resolved claims filed by creditors and others in the bankruptcy case;
- Oversaw the liquidation of assets in Chapter 7 cases; and
- Made distributions to creditors under the terms of the applicable plan of reorganization or of liquidation.
John is a Certified Public Accountant.
MICHAEL JANOV, JR.
Mike has over 30 years of progressive accounting and financial experience in various manufacturing environments. Mike's experience includes financial forecasting, budget preparation and cash management. He also has very strong analytical skills, having designed and worked with a number of different cost accounting and information systems to identify product cost, determine pricing strategies and develop information for decision making purposes.
Mike most recently served as Chief Financial Officer for Edgewater Steel, Ltd. where he worked closely with secured lenders, creditors and customers to bring the distressed company through bankruptcy proceedings.
Mike has a B.S. in Accounting from Penn State, an MBA from The University of Pittsburgh and is a member of
Financial Executives International.
DONITA R.RUDY, CTP-D
Donita has over twenty-five years of consulting, financial services, and business management expertise assisting clients from a variety of industries and business sizes with financial, strategic, and turnaround management services.
Prior to her consulting role, Ms. Koval served as the President & CEO of Omega Financial Corporation, a $2 Billion, NASDAQ listed financial services holding company where she interfaced with stock analysts, investment bankers and shareholders. During her career as President & COO, she completed the acquisition of a $1 billion organization with multiple business lines, created joint venture business partnerships, and negotiated sales of operating units. Previous experience also includes performing the duties of Chief Credit Officer with responsibility for credit analysis, loan structuring and approvals, and the workout of troubled debts and negotiated repayments with clients or through the court systems.
She has been named to U.S. Banker’s national list of 25 Women to Watch in Banking, and recognized by the Pennsylvania Department of Community and Economic Development as one of Pennsylvania’s Best 50 Women in Business, and by Pennsylvania Business Central as one of the Top 100 People in Business. In 2007, she received the ATHENA Award for community and business achievement from the Greater Susquehanna Valley Chamber of Commerce. Ms. Koval serves on Boards for both profit and not-for profit organizations, conducts training on credit and cash flow analysis, and speaks on leadership issues for a variety of audiences including Penn State’s Executive Program for Women Leaders.
She holds an M.B.A with a concentration in Finance and a B.S. Degree in Human Development and Family Studies from The University of Houston, attended The Pennsylvania State University and obtained a Series 7 Securities License. Donita has also earned her Certified Turnaround Professional, Designate credential from the Turnaround Management Association.
JACK TEITZ, CPA
Jack is an experienced turn-around executive who specializes in providing hands-on financial oversight and day-to-day management support to a variety of entities including coal, metals and metals-related manufacturing/distribution companies. He has completed successful debt refinancing projects and financial restructuring projects along with acquisitions and divestitures of assets and operating units. He has a wide range of experience including direct involvement in negotiations with lenders and trade creditors, implementation of new purchasing initiatives to reduce key cost drivers, negotiations of new collective bargaining agreements and sourcing of new debt and equity. He also has had hands-on responsibility for business planning, treasury, cash management, and financial reporting functions and has negotiated a variety of DIP financing arrangements. During his thirty-plus years as a business professional, Jack has worked effectively with boards of directors, senior management teams, lenders, and investors to evaluate refinancing and restructuring options for companies in PA, OH, WV, KY, IN and MI.
Jack’s has completed recent restructuring projects for various metals and coal companies, including, Buffalo Coal Company, Ormet Corporation, Sturgis Iron & Metal, James River Coal, Anker Coal, Acutus-Gladwin (AG Industries), Haskell Office Furniture, Turner Steel Corporation and WorldClass Processing, Inc.
Jack is a
Certified Public Accountant. He received his Bachelor of Science Degree from Georgetown University and his M.B.A. from the University of Pittsburgh.
KEN THOMAS
Ken Thomas joined Compass Advisory Partners in 2009 after a thirty-year career in the metals processing and distribution industry. Ken has extensive experience in all aspects of financial management, having held financial and operational positions ranging from Cost Analyst to Chief Financial Officer to Regional Operating Vice President for startup, mid-level and large organizations, both private and publicly held.
Ken began his career as an analyst for US Steel’s inland waterway transportation subsidiary. From 1979 to 1990 he held a variety of financial positions with The Levinson Steel Company, including roles as cost accountant, systems analyst, Accounting Manager, Controller and CFO/Treasurer. During this period, Levinson Steel grew from a single-location steel service center with revenues in the $30 M range to a multistate organization with revenues exceeding $200 M, becoming the single largest distributor of structural steel products in the US. During this growth, Ken was a key member of the acquisition team, performing due diligence, transaction negotiation, asset-based financing and integration roles. Following an industry-wide downturn in 1990, Levinson Steel was successfully reorganized in 1992 via Chapter 11 into a smaller steel service with five locations. Between 1992 and 1998, the Company returned to profitability and, in 1996, successfully recapitalized its reorganization debt and creditor-controlled ownership structure, returning full ownership control to the management team consisting of Ken as CFO and the Company’s CEO.
In 1998 Levinson Steel was acquired by Metals USA, a publicly-traded metals distribution company. Between 1998 and 2001 Ken was a Regional Controller for Metals USA’s Plates and Shapes Division. In 2001 Ken joined Metals USA’s reorganization team in Houston as Metals USA was successfully reorganized via Chapter 11 in 2002. Between 2002 and 2005 he was Regional Vice President of the Mid-Atlantic Region of Metals USA’s Plates and Shapes Group, responsible for five locations with revenues exceeding $200 M. Between 2005 and 2009 Ken held a number of operational and financial positions with startup and mid-level steel processors in the Pittsburgh and Ohio region.
Ken, a life-long resident of Western PA, has a BA in Economics from Washington and Jefferson College and a Masters Degree in Business Administration from the University of Pittsburgh’s Katz School of Business.
JOE WAYNE, CTP
Joe Wayne brings to Compass Advisory Partners 20 years of experience in various finance and accounting capacities ranging from manager of financial analysis to controller, with responsibilities in financial reporting, cash management, cost accounting and tax compliance.
Mr. Wayne has considerable expertise in financial modeling, budgeting and forecasting, including the construction of various forms of cash budgets and forecasts. Having worked at a number of manufacturing companies, he has experience in product costing and inventory issues. At these companies, he has built the financial models to estimate the product costs for the purpose of quoting new business. Additionally, he has constructed complex spreadsheets to address many business issues, especially in environments where systems are limited and quickly conceived solutions were required.
He worked for ten years in various financial roles at companies held by a major private equity firm. While associated with this firm, Mr. Wayne had the opportunity to work at a number of companies in turnaround, wind down and crisis situations. At one such company, Mr. Wayne constructed the financial model supporting a business interruption claim for a manufacturing concern that suffered a catastrophic plant explosion and fire. He was actively involved in the complex litigation resulting from the explosion, which caused damage to the company in excess of $200 million.
In addition to holding degrees in accounting and finance, Mr. Wayne is a
Certified Public Accountant,
Certified Management Accountant, and
Certified Turnaround Professional – Designate. He is a member of the
Turnaround Management Association, Ohio Society of CPAs, and
Institute of Management Accountants.
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