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Greg Rayburn is a senior managing director and the practice leader of FTI Palladium Partners and is based in New York. Mr. Rayburn has more than 25 years of experience creating and maximizing value for stakeholders of troubled companies. His strengths include problem solving, communication, financial analysis, business plan development and execution, and implementation of change under highly adverse conditions. Mr. Rayburn has experience in a wide range of industries, including manufacturing, freight, telecommunications, retail, hospitality, pharmaceutical, healthcare and outsourced services.
Mr. Rayburn has served as chief executive officer of Muzak Holdings LLC, leading that company in a new strategic direction, realigning management and operating structures, simplifying product platforms and rationalizing pricing.
Prior to Muzak, Mr. Rayburn served as chief operating officer and chief restructuring officer of aaiPharma, a specialty pharmaceutical company specializing in drug development and the marketing and sales of branded and generic drug lines. His work contributed to a successful sale of the drug lines and a successful reorganization of the drug development business.
Prior to aaiPharma, Mr. Rayburn was the chief restructuring officer of WorldCom. By developing and executing streamlined operating functions, Mr. Rayburn was able to assist WorldCom in closing and syndicating over $1 billion in debtor-in-possession financing despite the backdrop of massive accounting fraud. Mr. Rayburn was also responsible for segment and product line profitability analyses and for developing a program to reduce annual operating costs by over $2.5 billion. He worked directly with the newly recruited chief executive officer in developing the 2003-05 business plan that served as the basis of WorldCom's (now MCI's) successful reorganization plan.
Prior to WorldCom, Mr. Rayburn served as the chief executive officer of Sunterra Corporation. Sunterra filed bankruptcy in May 2000. Mr. Rayburn was retained to replace the existing chief executive officer in response to board and bondholder concerns over the direction of the reorganization effort. Mr. Rayburn charted a new strategic direction and refinanced the existing debtor-in-possession financing. By successfully reversing the operating performance, Mr. Rayburn was able to recruit a new management team and lead Sunterra to an emergence from bankruptcy as an independent, publicly traded company.
Mr. Rayburn is qualified as an expert witness in federal and state courts on issues such as business viability, valuation, strategic plan assessment, fraud, damages and bankruptcy reorganizations.
Mr. Rayburn holds an M.A. in accounting and a B.S. in business and marketing from the University of Alabama. He is a member of the American Institute of Certified Public Accountants and the American Bankruptcy Institute. He is also a certified fraud examiner.
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