Recently, Mr. Gumbs completed an assignment as the chief financial officer of International Outsourcing Services (IOS) in which he was retained by IOS’ board following the indictment of the company and its top nine executives by the United States Attorney (AUSA) on multiple counts of wire fraud. He was actively involved in all aspects of IOS’ restructuring, including interfacing with the lender group, negotiating with the AUSA to dismiss charges against the company, executing cost reduction and working capital improvement initiatives, negotiating settlements with multiple creditors and completing the divestiture of five separate divisions of the company.

Prior to IOS, Mr. Gumbs was the interim chief financial officer of Heating Oil Partners, a $540 million oil distributor with operations in the Northeast in which he restructured operations, negotiated a consensual plan of reorganization with various stakeholders and raised $125 million of exit financing.

Before that, Mr. Gumbs served as the vice president of finance and restructuring for aaiPharma, a $200 million specialty pharmaceuticals and clinical research organization that emerged from Chapter 11 in March 2006 with a focus on the company’s drug development services strengths. Select other prior engagements include Huffy, Bridge Information Systems, Kmart Corporation, US Airways and Crown Pacific Partners.

Mr. Gumbs holds an M.B.A. from Harvard Business School and a B.S. in economics from the University of Pennsylvania. He is a certified insolvency and restructuring advisor and is a member of the Turnaround Management Association and Association of Insolvency and Restructuring Advisors.