Stapleton Group announced it has expanded its team with three key hires and promoted Jake Diiorio to managing director. Michael Husted has joined Stapleton as a director specializing in operations; Joan Hadeed as associate director, Financial Advisory Services; and Emily Chen as associate director, Accounting Services.

Stapleton, one of the largest independent providers of financial advisory and professional fiduciary services in the Western U.S., has completed more than 250 engagements exceeding $2 billion in assets since it was founded in 2008. Recent engagements include serving as receiver of California’s $409 million lead paint abatement fund; recovering $2 million for a secured lender as chief restructuring officer of an insolvent 50-year old naval ship restoration company; and negotiating a forbearance agreement, out-of-court restructuring and refinancing as financial advisor to an agricultural company.

“The addition of Michael, Joan and Emily elevates our capacity to provide timely, efficient solutions to a whole new level, just as demand for financial restructuring services is exploding due to the COVID-19 economic recession,” commented David Stapleton, president of Stapleton Group.

Husted brings 15 years of operations and business development experience to Stapleton. He previously held senior operations positions at a global manufacturing and service company, a fin-tech business and a top regional law firm. After beginning her career at Ernst & Young, Hadeed transitioned to the private sector to diversify her skills.  She delivers the critical financial analyses and projections clients need to develop strategic plans. Chen applies over 20 years’ experience to provide clients with the information they need for business decisions. She also streamlines accounting systems and controls and ensures compliance with financial reporting requirements.

Diiorio, a key member of Stapleton’s team for over 10 years, is a lead engagement manager on receiverships, bankruptcy matters, assignments for the benefit of creditors (ABCs) and advisory assignments. “Jake earned his promotion by successfully managing all aspects of wide-ranging client engagements, as well as contributing substantially to the firm’s operations, employee training and business development,” noted Stapleton.

Stapleton Group’s full-service team of turnaround experts, financial advisors, receivers, accountants and asset managers maximizes the recovery of capital for creditors and helps resolve disputes between shareholders.