Mark Orton takes over IFT Midlands chair

Mark Orton has been appointed chairman of the Institute for Turnaround’s (IFT) Midlands region.

A senior partner at KPMG, where he has worked for more than 20 years, Mark heads the corporate recovery and restructuring team’s automotive sector.

He takes the IFT baton from Brendan McGeever, of Gateley LLP, who occupied the chairman’s seat for two-and-a-half years.

The IFT is Europe’s leading representative body for accredited turnaround and transformation professionals.

Mark will chair a committee of five IFT members.

Mark’s mission is to raise the profile of the organisation and the work of its members.

He said: “The IFT, which aims to be the de facto voice of turnaround, has more than 60 engaged members in the Midlands and a regular programme of networking and educational events.

“As the economy starts to turn the corner, many businesses are at risk of floundering. Our members advise the smallest limited companies through to large multi-nationals on the financial and management measures needed to return an under-performing business to viability and growth.

“We are painfully aware that the Midlands has more than its fair share of so-called ‘zombie’ companies, surviving on debt they can barely service. The IFT’s mission is to nurse these businesses back to health, protecting jobs and creating wealth. Equally, our members are able to advise growing businesses how they can accelerate.”