Testimonial 4

PTCFO, Inc.
48 Walkley Road,
West Hartford, CT
06119-1345

phone: 860.232.9858
fax: 860.232.9438

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by VP of Finance and non family member.

The board hired PTCFO because the fighting among family members on the board and the management team were killing the company. I watched family members struggle with the CEO as they had ideas on how to grow the business, and he wouldn’t let go. As hard driving to grow the company as he was when he was young, the CEO was now driving us nuts with disruptions to the company and would not let us invest in future opportunities unless it was his idea. I watched PTCFO’s succession plan unfold so that the family members could work together better, the management team‘s fears and concerns were relieved as the CEO retired, that the fighting had stopped, and we are now growing again with a new CEO, and the family still owning it. It wasn’t easy or fun, but it got done. In fact, when I give a reference I always tell people that without PTCFO, our company would have died or been sold.

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