Southborough – Kenneth Sanginario, a resident of Southborough, has been awarded the professional designation of Certified Turnaround Professional (CTP). Sanginario is a principal of NorthStar Management Partners, LLC in Westborough and a member of the Turnaround Management Association (TMA) Northeast Chapter.
The CTP designation provides an objective measure and recognition of expertise related to workouts, restructurings and corporate renewal. Applicants must meet specific standards of education, experience, and professional conduct. They must also successfully complete a rigorous examination that covers financial and managerial accounting and tax, turnaround and crisis management, and bankruptcy and UCC law. CTPs are required to participate in continuing education programs to maintain their certification.
“The CTP designation is the industry's most recognized certification of experienced and skilled turnaround professionals,” said the TMA Vice President of Certification and President of its Certification Oversight Committee Russell Burbank, CTP. “It is a mark of distinction for professionals who have demonstrated their commitment to the corporate renewal industry and to a high standard of excellence and integrity.”
Turnaround Management Association (www.turnaround.org) is the only international non-profit association dedicated to corporate renewal and turnaround management. With international headquarters in Chicago, its 9,400 members in 48 regional chapters worldwide comprise a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants. Members adhere to a Code of Ethics specifying high standards of professionalism, integrity and competence.