Carl Marks Advisors, a leading corporate restructuring and investment banking firm, announced that Managing Director Steven F. Agran has been appointed 2018 NJTMA Chapter President, effective January 11, 2018. Agran will also serve as a member of the Chapter President’s Council (CPC), the principal liaison between the chapters and TMA Global.

“I am honored to be selected as the President of NJTMA. I have been a member of NJTMA for 15 years, and the TMA has been an important part of my professional career,” said Agran. “I am excited about building on the past success of the chapter and continuing to lead in the outstanding tradition of the past presidents,” added Agran. “I wish to thank Janey Mitnick, the current Chairman of NJTMA, and Allen Wilen, immediate past Chairman of NJTMA, for all of their encouragement and support.”

Agran brings over 20 years of experience providing turnaround and interim management services to financially distressed companies. This includes financial and operational advisory services to company ownership, boards of directors, private equity groups, lenders and investors focusing on workouts, loan restructurings, strategic planning, bankruptcy, and mergers and acquisitions. Agran serves in responsible roles for various mid-sized companies, including as Chief Restructuring Officer, Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, and Advisor.

“I look forward to expanding the NJTMA Chapter’s membership by focusing on inclusion of lenders, investors and industry executives who could benefit by understanding the challenges faced during a distressed situation, and by helping them understand warning signs to minimize and prepare for business challenges,” commented Agran.