Andreas Etherington
Role: Adviser / Consultant / Coach, Chairman, Chief Restructuring Officer, Non Executive Director
ABOUT MEMBER
A Chief Executive with a blue chip background and a track record of delivering results in
complex, sometimes distressed business situations. Andy’s extensive experience includes
CEO roles in an international consumer electronics manufacturer, private healthcare
organisations, a major European retail business, senior position with the world’s largest retail
provider of funeral services, and a retail leisure company. His early career spans a UK oil
business, a major catalogue/store retailer and a European electronics company.
Andy delivered a turnaround at Manchester Care Ltd, a provider of residential/nursing and
domiciliary care to the elderly and for adults with complex physical needs. As Interim Chief
Executive, he reversed near insolvency in the business to achieving an EBIT of c 10% in a
highly pressured timescale of just 120 days. Earlier turnaround success was with the UK
retailer, Office World plc, which Andy took from £2.1m losses to £5.1m EBIT and onto a
successful sale of the business via a £32m transaction. Andy’s tenacity, clear focus on the
bottom line and decisive management style have enabled him to operate successfully in
environments where multiple stakeholders often have conflicting priorities, which have
included Trade Unions, local MPs, Private Equity and other investors.
M&A transactions, including Office World and Care Aspirations Ltd, a specialist private
healthcare provider, have featured throughout Andy’s career. He has made strategic
acquisitions in adjacent markets, divested underperforming divisions, and worked on Private
Equity leveraged buyouts, alongside Barclays Ventures, Deloitte, PwC, BDO, Challenger
Capital Group, and Baird Capital.
Andy has improved value in companies by successfully transferring his knowledge and skills to
new sectors and businesses. For example, he applied sound retail principles at Service
Corporation International plc, the world’s largest retail provider of funeral services, and
introduced the customer’s perspective into the often traumatic and difficult buying process.
This resulted in a 14% increase in average spend. Streamlining inventory by 30% which
brought a significant positive advantage in working capital improvement.
A Fellow of the Chartered Institute of Marketing and a member of the Institute for Turnaround.
Andy has a BA Honours degree (2:1) in International Marketing. He holds the RYA
Yachtmaster qualification and speaks fluent German.
Organisation Type
- Family/Private
- Private Equity Backed
- Not For Profit
- PLC
Average Company Size (£Million)
- > 5
- > 25
- > 100
- > 250
AVERAGE ASSIGNMENT LENGTH (MONTHS)
- 1 - 12
PREFERRED ASSIGNMENT LENGTH (MONTHS)
- 1 - 12
Sector*
- Consumer Goods & Retail
- Energy & Natural Resources
- Education
- Healthcare
- Infrastructure, Building & Construction
- Leisure
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MEMBER WORK REGION
Europe