Joseph Berardino

Managing Director
30+ years of executive leadership and board service experience
Drives transformative change and works with CEOs and boards to unlock shareholder value 
Former CEO of Andersen Worldwide
West Palm Beach
@alvarezmarsal
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Joseph Berardino is a Managing Director with Alvarez & Marsal in West Palm Beach. With decades of executive leadership and board service experience, he has a proven track record of managing complex board and C-suite dynamics to enact change. 

Mr. Berardino offers differentiated transformation to corporations looking for change at a pace and scale that traditional approaches cannot provide. He leverages the functional expertise offered by performance improvement talent coupled with the firm’s renowned restructuring and private equity capabilities to help vulnerable businesses or those looking to keep pace with constant disruptors address activist investors and position their corporation for success through enterprise-wide change.  

Prior to joining A&M, Mr. Berardino was an Audit Partner with Arthur Andersen, where he spent over 30 years in various client-serving and leadership roles, including CEO of Andersen Worldwide.

Mr. Berardino earned a bachelor's degree in accounting from Fairfield University. He has  served on numerous boards of directors for nonprofits and public companies. 

 

Insights By This Professional

COVID-19 has exposed underlying fragilities in many businesses that may have been disguised over recent years. As Warren Buffett famously said, it is only “when the tide goes out” that you find which companies and management teams are most exposed. “Before the pandemic, broadly favorable market conditions and inexpensive capital allowed management teams to kick the can down the road on transformation initiatives.
Radically changing consumer dynamics and the pace of technological change are fundamentally altering how companies today are leveraging data and analytics to enhance customer experience, mitigate risk, improve operational efficiency and increase revenue.
Corporate transformations typically focus on realigning operating models, changing embedded ways of working and bringing costs under control, such as reducing back office overheads and making operations more efficient.
Few sectors are in greater need of transformation than oil and natural gas producers in North America. With the relatively stable oil price of the last four years, too many small producers lack the scale to cover their production costs and as a result, have built up substantial debts: S&P figures show around $137 billion in borrowings will be due by 2022.
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