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Area turnaround firm names new CEO

Paul Fioravanti has been with Qorval Partners since 2011.

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  • | 10:30 a.m. October 12, 2020
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NAPLES — Paul Fioravanti has been named CEO of Qorval Partners, a boutique management consulting, turnaround, restructuring and advisory firm, after being promoted from the managing partner role.

Fioravanti was also named senior managing partner of the firm, according to a statement. James Malone, chairman and founding partner of Qorval, will remain chairman emeritus, the release adds. Malone founded Qorval in 1996 to help challenged companies and organizations needing operational and financial improvement by providing strategic counsel and interim leadership.

“Paul first joined us in 2011 and he’s been involved in more than 50 situations fixing companies across myriad industries for more than 20 years of his career,” Malone says in the statement. “In one of Paul’s recent interim projects he served as CEO leading the restructuring of a global pharmaceutical manufacturer which supplies medicines and over the counter products to Merck, Pfizer, Astellas, GSK and others.  Paul restored bank and vendor relations, improving delivery and quality metrics, and renegotiating upstream and downstream supply contracts. The company shed loss making entities and improved EBITDA from FY 2018 to 2019 by increasing it from negative $45,000 to positive $30 million, saving more than 1,900 jobs. Those are the kind of results Paul is known for delivering.”

Fioravanti says firm is “getting many requests for proposals to help businesses and organizations in the private, public and institutional sectors” and plans to add resources “to build our team and bolster our bench strength.”

Fioravanti has held a variety of senior level roles in publicly held and private companies, including  leading a startup company to the Inc. 500 for four consecutive years, the release states. “I am honored to accept the challenge of leading Qorval into the future,” Fioravanti says in the release. “Jim Malone has been an outstanding mentor, partner and friend.  He's been called on by US presidents, governors, board chairmen, and executives, from main street to Wall Street, to advise and restore companies, organizations and institutions, and drive results with a deft touch, compassion, and humility.”



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