About Pat

Pat McDonnell’s key skill is strategic and tactical business problem solving, including organizing and directing processes to achieve results. He has utilized broad financial, operational, turnaround, strategic planning; and merger and acquisition experience to assist senior executives to assess circumstances, transform cultures, create effective leadership, evaluate alternatives, formulate responsive plans and execute in a meaningful manner.

Pat McDonnell,  DMZ, South Vietnam, April 1967

Another day at Pat’s first office – the DMZ, South Vietnam, April 1967

Pat has a successful career in public accounting, management and consulting. He has a unique combination of technical accounting, audit, leadership and operating skills derived from technical and senior management positions in public accounting and a second career advising and managing public and private entities.

Pat is experienced in professional services, enterprise software, manufacturing, distribution and financial services, including banking and insurance.

Experienced member of professional services, banking and manufacturing SEC Registrant Boards of Directors. Audit committee member and chair. Designated “Financial Expert”.

Pat is an experienced mentor, advisor, and counselor to senior executives. He has advised senior executives in entrepreneurial, mid market, and Registrant companies in a variety of industries.

Professional Career Summary

President & CEO of The McDonnell Company LLC. July 2000 to present. A consulting practice that advises senior executives in creating organizational excellence by facilitating culture change.

Current, significant, and recent projects

  • Serving as a member of the Board of Directors/Advisors of several entrepreneurial companies.
  • Serving at the behest of a Private Equity firm as an advisor to the management of a $100 million provider of pre-school education.  The objective is enhanced revenue generation.
  • Serving as an advisor to the management of a $6 million technology based professional services provider in cultural change and operational efficiency.  The initial engagement will last approximately 90 days.  Already producing results.
  • Served at the behest of the majority owner as the Chairman of the Board and interim CEO of a $40 million technology based consulting firm.  Former CEO was a marketing executive whose time was best spent growing revenue and not in operations.  Results included a dramatic change in culture and a substantial improvement in EBIDTA.  Positioned company for successful sale.
  • Served as an advisor to the CEO of a SEC Registrant insurance company.  Successfully completed a multi-year cultural alignment, leadership development and performance measurement project.  Positioned the company to develop and implement a comprehensive strategic plan. Strategic Planning/execution process now well established.  Second iteration of the strategic plan completed.  Substantial improvement in operational culture.  Served as a mentor to senior and mid level executives.  .
  • Served as advisor to CEO and senior management of a $300 million distribution company.  Provided assistance in implementing change and growth program.
  • Served as an advisor to the CEO of a $330 million provider of accounting software to the financial industry.  Company was in need of cultural realignment.
  • Served as the interim CEO of a $400 million dollar distributor of industrial safety supplies.  Effected significant gross margin improvement and positioned the company for continued success under revitalized management.

Frequent speaker on the subject of ethics, facilitating change, cultural re-alignment, leadership and the power of ethical behavior in maximizing organizational value.

  • Recently addressed the senior leadership of the Michigan State Police on leading organizational change.
  • Annual speaker to the Illinois State Society of CPAs on Business Ethics.
Pat McDonnell on an elk hunt

Pat on an elk hunt. Pat had more fun than the elk.

Additional experience

  • Recent projects: Board of Directors/Advisors - As President and CEO of The McDonnell Company, LLC, Pat has served as a member of the Board of Directors/Advisors of several entrepreneurial companies. Currently serving at the behest of a Private Equity firm as an advisor to the management of a $100 million provider of pre-school education. The objective is enhanced revenue generation.
  • President & CEO of Jordan Professional Services, a Jordan Industries, Inc. company. - Retained to create a professional services firm of accounting, audit and consulting firms to provide outsourced services to the middle and larger corporate market. Concluded the project was not viable and terminated it.
  • President & COO (CEO designate) of LAI Worldwide, Inc. - Responsible to the Board of Directors for all operations for LAI, one of the top five executive recruiting firms in the U.S. and the only one SEC Registered at the time. Revenues were $100 million. Member of the Board of Directors.
  • Vice Chairman, Business Assurance, Coopers & Lybrand - Pat was senior member of firm management with operational responsibility for the largest line of business with 1998 revenues of $1.25 billion. Over the period from 1993 to 1998, this practice was consistently among the largest and fastest growing in the Big Six.
  • Personal summary - Affiliations: Certified Public Accountant. Member of the Board of Directors and Chairman of the Audit Committee of First Midwest Bancorp, a $7 billion SEC Registrant Bank Holding Company. Designated Audit Committee “Financial Expert.”