Reece Fulgham is a senior financial executive, former Kenneth Leventhal & Company CPA and turnaround specialist with over forty years of accounting, finance, operations, and turnaround experience. With a proven track record of leadership, he has worked with over fifty companies across a wide range of diverse industries. Mr. Fulgham focuses on leading companies through financial and operational restructurings, specializing in stabilizing organizations with limited liquidity by implementing urgent operational and financial restructurings. Reece’s leadership has spanned various roles, including Board Chairman, Assistant to the Chairman, Independent Director, Special Committee Member, CEO, CRO, CFO, and Vice President of Finance, with extensive experience in both domestic and international markets.
In addition, Reece has served as an Independent Director on twelve, mostly private equity turnaround middle-market company Boards of Directors, acting as Chairman for one, Audit Committee Chairman for ten, and Legal/Compliance Committee Member for four. He has been instrumental in approving multiple acquisitions and spin-offs, as well as facilitating the sale of seven companies and liquidation of three, and remains on two of these Boards. He has also served on multiple compensation, legal/compliance, investment and restructuring committees, where his insights have been instrumental in navigating complex financial situations.
Demonstrated expertise assessing market dynamics, identifying growth opportunities, and implementing strategic initiatives to achieve profitability and long-term sustainability.
Adept at navigating complex challenges, including fraud investigations, regulatory issues, and operational breakdowns. Proven ability to quickly assess situations, develop effective solutions, and implement decisive action. Expert in the management of limited liquidity and short functional horizon.
Mr. Fulgham has served as an Independent Director on twelve, mostly private equity turnaround middle-market company Boards of Directors, acting as Chairman for one, Audit Committee Chairman for ten, and Legal/Compliance Committee Member for four. He has been instrumental in approving multiple acquisitions and spin-offs, as well as facilitating the sale of seven companies, the liquidation of three, and remains on two of these Boards. He has also served on multiple compensation, legal/compliance, investment and restructuring committees, where his insights have been instrumental in navigating complex financial situations.
Track record of building and leading high-performing, but understaffed teams, and fostering a collaborative and results-driven culture. Proven ability to motivate and inspire employees to achieve exceptional results. Develops leaders internally rather than externally and leads by example. Extensive cannabis industry network from seed to sale.
Focused on delivering tangible results and creating value for stakeholders. Proven track record of exceeding expectations and achieving successful outcomes.
Deep knowledge of multiple industries, including cannabis, retail, manufacturing, motion picture distribution, construction, engineering, mechanical contractors, defense, healthcare and technology. Proven ability to quickly adapt to new industries and understand inherently unique challenges and opportunities.
Formerly fully licensed cannabis executive in California, Arizona, Nevada, Texas, Illinois, Florida, New York, Massachusetts and Pennsylvania
Southwest Texas State University
Formerly California.
1984 – 1989
Kenneth Leventhal & Co. (CPA Firm)
CPA Auditor Then Restructuring Group
Supervised audits and management consulting projects. Engagements encompassed workout and financial reorganizations, preparation of financial analysis & business plans for companies searching for equity investors and debt, property valuations, market assessments, business and corporate valuations, appraisals, financial analysis, capital formation, budgeting, cash flow and taxable income projections for public and private companies. Learned to work hard on very high performing teams under crisis situations.
1982 - 1984
Greenstein Logan & Company (CPA Firm)
Audit Department
Performed audit engagements mostly in the savings and loan industry in Dallas Texas. Performed several acquisition engagements involving savings and loans.
Forty-Plus years of parachuting into over fifty crisis situations across many industries around the world
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