Member Spotlight: Lisa & Judy

Each quarter, TMA NOW helps you get to know your fellow TMA members. 2016 will introduce you to Lisa Stensgard, BDS director at BDO USA LLP, and Judy Weiker, principal and executive director at Manewitz Weiker Associates, LLC.
Lisa Stensgard

How did you get involved in TMA?
Lisa: I was approached by Paul Patrick with Capital One, who was the president of the Dallas/Ft. Worth Chapter at the time. After meeting with Paul I immediately got involved on the Membership Committee and moved up to Network of Women Chair, University Relations Chair, and Membership Chair. I currently serve as the 2016 TMA president of my chapter. 

Judy: I got involved by attending events. I spent the early stages  of my career in New York and after attending a number of events, I got on the pre-NextGen Committee. After that I participated on the Education Committee and then I was  asked to be on the board of TMA New York.

Judy Weiker
When I moved to Indianapolis, I continued my volunteer work with TMA and joined the Global Board. Currently, I am active on the Strategic Planning Committee and the 2016 Annual Conference Planning Committee.

TMA is very inclusive and the organization encourages its members to get involved. TMA also promotes members to leadership positions if the members are interested.

The people I have met through TMA have been outstanding.
 
TMA NOW will be focusing on the following topics in 2016: Leading Change, Successes and Failures, Mentorship/Sponsorship, and Earning the Role. Have you had experience in any of these areas that made a strong impact on you?
Lisa: All of these topics are absolutely critical to TMA NOW, but one that truly resonates with me is Mentorship/Sponsorship. 

I was the first woman in the distribution department of Shell and while I had many successes and failures there, I also gained several invaluable role models during my tenure -- we still laugh at some of the experiences, including when I couldn't pass my commercial driver's test. 

I am also proud that there are now five women on the board of the Dallas/Ft. Worth Chapter of TMA. As president of this chapter, it's great to be able to work closely with so many successful women. In a similar vein, I am also happy to be aligned with an esteemed firm like BDO, which has such a robust commitment to mentorship and inclusion in the workplace. Having a diversity of backgrounds and perspectives drives innovation, and innovation drives growth. 

Judy: I have had bosses in the past who have fostered my career growth. I have also had bad bosses, but I learned from those experiences as well.

My business partner, Sharon Manewitz, is someone who I emulate. Where my skills are lacking, those are Sharon's strengths and I have learned from her.

It is important that while you are working, take the opportunity to observe your colleagues and learn from them. Their skills will be excellent additions to your "tool box."

In your opinion, what's the most exciting/interesting trend or event happening in the turnaround and restructuring industry?
Lisa: Here in Dallas there is such a strong, vibrant economy. Given the amount of acquisitions taking place, the energy sector is particularly exciting right now, and many people are finding lucrative opportunities despite falling oil prices. The energy industry, and many other dynamic sectors like healthcare, are in need of turnaround services, so it's truly an exhilarating time to do the work we do. 

Judy: The industry ebbs and flows, and there are always new approaches to what is going on in the industry.

I believe we are going to see more municipal restructuring opportunities.

Mediation is becoming a growth industry. We will see more of this as people become more litigious in the bankruptcy setting.

What's the best career advice you've ever received?
Lisa: My personal slogan is "think like a boss." Consider individuals whose career trajectories you admire, and try to emulate their work ethic and leadership qualities.

It's also critical to find opportunities to relate to your coworkers and teammates. I picked up golf many years ago, and it was one of my best decisions. Building relationships and showing my competitive side in a casual setting helped me break into the so-called "boys club." Being able to interact with my male counterparts outside of the office has helped me form important relationships and gain respect.

Judy: Be a self-advocate; if you want something, let people know you want it. Women can hold themselves back. Some women feel if they have not done the job before, they are not eligible for the position. Even if you have not done a particular job, if you have the skill set, then raise your hand. Women need to have a more global view of their capabilities.

TMA is a great resource to utilize for leadership skills, networking skills, and industry knowledge.

Keep in mind at a work reception/dinner, you are still at a work event. Even though it's after-hours, conduct yourself with class.

Never denigrate a colleague or competitor. We work in a small community and your comments will come back to bite you.

Always be aware of the impression you are giving off, both in the personal and business settings.

Google yourself to see what is out there about you.

What would someone who only knows you professionally be surprised to learn about you?
Lisa: I've participated in several crawfish eating contests! I'm also a former ballerina and even had an opportunity to dance for Joffrey Ballet. I decided to go the business route, but I still use the discipline I learned as a dancer. 

Judy: I did stand-up comedy and was in an improv troupe while in law school. What I learned from stand-up was how to handle negative feedback. I learned from improv how to be a good listener.
Information Relevant to TMA NOW Members
  • A Woman's Shot at the $20 (more
  • Q&A: How Can the Gender Cap in Corporate Suites Be Narrowed? (more)
Upcoming TMA NOW Events
 
Wednesday, June 29
Wine Down Wednesday (TMA Carolinas)

Wednesday, July 20
Women at the Bar (TMA New Jersey)

Thursday, August 25
TMA NOW Event Highlights
Snapshots from TMA Northwest's Portland Potluck Event

 
We Need Your Help!

 

This quarterly newsletter is created by members of TMA NOW for TMA NOW. Read an article recently that you'd like to share? Has your chapter completed a successful TMA NOW event? Do you know someone whose contribution to the industry deserves a shout-out? Let us know! We want to highlight your women's events, special recognitions, speaking engagements, published articles, and awards to the TMA NOW community.

 

Email Kris Wolcott at kwolcott@turnaround.org with your suggestions and you may see it in the next TMA NOW e-newsletter!

Join TMA NOW on LinkedIn!
 
Click here to join our members-only TMA NOW LinkedIn group. Bookmark the NOW LinkedIn page for quick access to the latest discussion and news.
About TMA Network of Women

The TMA Network of Women (TMA NOW) is an affinity group within TMA, created to foster female leadership by creating the premier business development and networking group for women in the turnaround community. TMA NOW aims to provide substantive educational programming and networking opportunities to promote career growth and help women break through the glass ceiling.
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TMA Global Events

November 2-4

The 2016 TMA Annual

Disney's Yacht Club Resort

Lake Buena Vista, Florida

 

February 1-3

2017 TMA Distressed Investing Conference

Encore at The Wynn

Las Vegas, Nevada

Turnaround Management Association is the leading organization dedicated to corporate restructuring, turnaround management, and distressed investing. Established in 1988, TMA has more than 9,000 members in 57 chapters around the world. 
 
Turnaround Management Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: learningmarket.org.