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Profile of Keith Maib
 

Keith Maib

 
MD - Mackinac Partners LLC
 
Keith Maib Email :
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Company Name : Mackinac Partners LLC
 
Company Website : www.mackinacpartners.com
 
Company Address : 180 High Oak
Ste. 100, Bloomfield Hills, MI,
United States,
 
Keith Maib Profile :
MD - Mackinac Partners LLC
 
Keith Maib Biography :

Keith has over 25 years of diversified business experience including serving as a partner in two international accounting firms. He has extensive experience in leading companies through periods of pervasive change and turmoil and is nationally recognized as a leading turnaround executive. Keith’s industry experience includes insurance (both P&C and Life), telecommunications, hospitality, retail, real estate, technology and manufacturing. Keith most recently served as the Interim Chief Operating and Marketing Officer for Sunterra Corporation, now known as Diamond Resorts International. Sunterra Corporation (NASDAQ: SNRR) was the second largest developer and marketer of vacation ownership interests in the world. Sunterra experienced a delisting and resulting crisis of confidence in both the financial and business marketplace as a result of certain inappropriate business practices in its European operations. The business was stabilized, achieved record sales and profitability performance and was ultimately sold to Diamond Resorts International for $16 per share, a significant premium to pre-distress trading prices. Keith’s telecommunications/ technology experience includes serving as the Chairman and Chief Executive Officer of Worldnet Communications/ WCI Cable, the Chief Restructuring Officer of RSL Communications and the Chief Operating Officer of Borland. Worldnet/ WCI were the owners and operators of a telecommunications system stretching from Fairbanks, Alaska to Portland, Oregon. RSL was an international telecommunications company founded by Ronald Lauder. RSL had operations in 23 countries around the world, including continental Europe, Mexico and Australia. Borland was one of the world’s leading software publishers with such notable products as dBase, Paradox, Quattro Pro and C++ programming languages. Keith also served as Chief Executive Officer and Director of PennCorp Financial Group and as Chief Financial Officer and Director of Acordia. PennCorp was a life insurance holding company with approximately $10 billion in assets. Keith had overall responsibility for the complex restructuring which included the sale of non-core assets to provide liquidity, crisis management, management of the various rating agency and regulatory relationships, preparation for sale and sale of non-strategic insurance operations, operational consolidation of strategic operations and structuring and negotiation of a recapitalization of the remaining core operations. The recapitalization was completed through a pre-arranged, consensual plan of reorganization. Acordia was the 5th largest insurance brokerage firm in the world. Under Keith’s principal direction, Acordia was financially and strategically re-positioned through a series of transactions including a going private tender, followed by a leverage buyout of which he was a principal. Keith started his professional career with Price Waterhouse in 1981 and was admitted to the partnership in 1993 in the corporate recovery practice. Some of the more notable assignments Keith led or had extensive responsibility for include Lomas Financial Group ($5 Billion mortgage servicer and lender), Zale Corporation (world’s largest retail jeweler), American Continental/ Lincoln Savings & Loan ($5 Billion real estate developer/savings and loan) and Businessland Computers (value added reseller of computers and peripherals). Keith graduated from the University of Kansas in 1981 with a Bachelor’s degree in business administration and an emphasis in accounting.

 
Keith Maib Colleagues :
Name Title Email

James Weissenborn

Co - Founder, Managing Partner Please login

Alan Bentley

Partner Please login

Paul Tobias

Co - Founder, Partner Please login

William Banks

Board Dir. Please login

Matthew Beresh

Board Dir. Please login


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