Turnaround firm Conway MacKenzie becomes Conway vs MacKenzie
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Van Con-Way, a well known Michigan-based business turnaround specialist, is suing the company he co-started as a result of its its directorate removed him from his place as chairman, Chief Executive Officer and president.
The suit, filed in Oakland County, Mich., on Wednesday, alleges the board of the Birmingham-based company, Conway MacKenzie Inc., eliminated Con Way as Chief Executive Officer while he was on medical leave and reduce his damages by about 80 percent in an effort to transition manage to cofounder Don MacKenzie.
Conway MacKenzie is a household word on earth of business turnarounds and restructurings -- and the company continues to be intensely active in the automotive industry for some 25 years. The company has regularly helped car companies identify fiscally distressed providers and repair them before components deliveries get interrupted. Read Source
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