Our Corporate Bios
Joseph Diegel CBA, CICA
Managing Director SBS – Turnaround Practice Leader
Joe is a seasoned financial and operations executive who has dealt with multi-site global manufacturing as well as domestic financial and government entities. He has acted as General Manager, Chief Financial Officer, Chief Restructuring Officer and Board Member in numerous commercial and financial Turnarounds along with public sector work.
Joe has over 25 years of general management, financial management, controllership, M&A transaction, fraud investigations, business controls and board advisory experience. He has been a member and/or a trusted advisor of the board of directors of several privately-held companies, a member of the strategic advisory board of a group of multiple international companies and a key advisor to the board of emerging companies preparing for their initial public offering transactions. He has been the Chairman of both strategy and global capital investment committees of several boards. Joe has directly dealt with and resolved serious incidents of financial irregularities in both the domestic and international arena.
At Navigator Associates’ since 2005, Joe leads the Firm’s Turnaround Services. His middle market clients spanned the corporate world including high-tech, medical, telecommunications and others.
Joe’s professional work began with Certainteed Corporation where he held various controllership positions in the financial department eventually working with the senior executive team in developing the company’s new Vinyl Building Products venture.
Following Certainteed, he became VP & CFO of a community bank in Philadelphia with over $100M in assets. He sat on the Board of Directors of the Bank and acted as Treasurer. Next he became VP & CFO of Bethlehem Wire Rope Works in Pennsylvania and also sat on the Board of Directors of the company as Treasurer.
Joe was recruited from Bethlehem, to become the Duty Major (appointed), CFO and Chief Restructuring Officer of the City of Williamsport Pennsylvania when the Home of the Little League descended into financial chaos. In less than a year, working with the City’s Police, Firemen and Municipal Workers union leadership, Joe reestablished the City’s financial integrity.
Moving from Williamsport to Elkem Corporation, Joe assumed the role of CFO of Elkem American Carbide. He also held the position of CFO for a Joint Venture between Elkem and Airgas Corporation and sat on the Board as Treasurer for that Joint Venture.
Joe moved from Elkem to Metallurg Inc. a Fortune 1000 Company where he was CFO eventually becoming VP and General Manager of Shieldalloy Metallurgical Corporation. He was responsible for all aspects of financial and risk management for this $240 million global multi – plant division with both union and non-union employees. Joe served on the Board as Secretary. Joe was part of the Executive team which took this public company through a complex equity transfer transaction to a private ownership structure.
With Navigator, Joe joined Alliance Corporation as CRO, responsible for stabilizing a group of 37 operating companies from global manufacturing to commercial and residential real estate. Joe held full oversight of operations in the Latin America and China, where he led the investigations into serious irregularities which threatened the financial integrity of the entire Corporation.
Most recently, Joe was brought on at Felman Production LLC as CFO and Chief Restructuring Officer. Felman is part of a one billion dollar U.S. division of a major European metals enterprise. He is currently assisting in taking the Company public, generating their first audited financial statements in over 5 years.
Joe holds a BS in Business Administration and Accounting at LaSalle University in Philadelphia. He also has completed MBA studies at St. Joseph University in Philadelphia in Finance and Strategy. He is a Certified Board Advisor and a Certified Internal Controls Auditor.