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 David A. Prolman
President
& C.E.O.
David A. Prolman is the president and chairman
of Prolman Associates. Prolman's 30 plus years of corporate business
experience have focused on commercial finance, operations management,
turnarounds, loan workouts, bankruptcy reorganizations and crisis
management. Over the past 20
years, he has focused primarily on assisting companies in financial and/or
operational distress. As Vice President and regional head of a problem loan
group of Bank of America in the 1980's, Prolman recognized troubled
businesses' need of experienced, professional, outside leadership capable of
guiding them through crisis back to stable and profitable operations.
Prolman Associates was formed in 1987 as a response to this need.
Having
worked with a diverse client base, Prolman has experience in manufacturing,
distribution, retailing, professional services and other industries
including a variety of high technology companies. He and his associates have
worked with clients from family owned and operated businesses to
large public companies, as well as provided services at the request
of, or in conjunction with, Big Four accounting firms. Additionally, Prolman
has had successful experience managing debtors in possession working under
collective bargaining agreements ("CBA's"). Clients with CBA issues managed
by Prolman and his associates include the Chapter 11 bankruptcies of Hoffman
Bros. Packing Co., Inc., the Holsum Baking Company of California, Fornaca
Bakeries, Inc. and Pacific Multigrain Foods, Inc.
In addition to his experience, Prolman has developed a proven network of
financial and professional resources to support clients in a variety of
situations. His associates form a specialized team of experienced business
executives with proven knowledge and skills in assisting troubled
businesses. Under his leadership, his team has led hundreds of clients
through the workout, turnaround, bankruptcy and/or bankruptcy reorganization
process, as well as through periods of crisis management. Prolman and his
team of management specialists have consistently provided troubled
businesses the necessary services to guide them through crisis to the best
possible outcome for each particular client.
Prolman has served as an adjunct professor and has lectured on banking
and finance for graduate and undergraduate programs. Additionally, he was a
founding sponsor of the University of California at San Diego's "Connect"
program in High Technology and Entrepreneurship. He has served on the Board of
Directors of the San Diego Bankruptcy Forum and the Southern California
Turnaround Management Association and is a member of the American Bankruptcy
Institute.
Prolman holds a Bachelor of Science in Business Administration from Boston
University's School of Management and an M.B.A. from the University of
Southern California Marshall School of Business.
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