Company: Thomas Group, Inc. Irving, Texas USA

Company Description: Thomas Group, Inc. executes exponential change faster for Fortune and Global 1000 companies. For three decades our processes, operational and performance management expertise has helped our clients to reduce operational risk, reduce cost, increase productivity and quality, increase free cash and drive to higher profitability from in Dallas, Detroit, and Hong Kong.

Nomination Category: Individual Awards Categories

Nomination Sub Category: Best Turnaround Executive

Nomination Title: James T. Taylor, CEO

   1. Tell the story about what this nominee achieved in the past year (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:

When Jim Taylor became CEO of Thomas Group, Inc. in 2004, he took the reins of a company facing a loss of shareholder confidence negative retrained earnings and minimal profitability.  Mr. Taylor was elected because of the outstanding job he had done as CFO for Thomas Group from 2001-2003 in controlling cost and mounting the financial recovery of the firm. Starting 2001 cash was needed, the bank line of credit was frozen and the stock was at a low of $0.05 per share.  Money was found through sub debt and a private equity placement.  Additionally, the employees agreed to an across the board pay reduction for all.  The result was a stabilization of operations with no loss of employees, which is critical to a consulting company.  Mr. Taylor found himself leading the operations of a company which had been de-listed from the NASDAQ, needing a new line of credit and working through a difficult debt structure. 

The corporate brand was associated with 27 years of leadership in the process improvement and exponential change for others.  The question was could he lead this team to excellence from within?

Working with his handpicked management team and focusing on the core strengths of the experienced executive base of RESULTANTS he took significant steps operationally, organizationally, financially and culturally to ensure a high-integrity corporation. 

Thomas Group did turn around, and continues to grow and thrive, due to dedicated people and Taylor�s management directive of controlling costs,

adding top line revenue, staying focused and executing according to vision. 

At the beginning of 2005, Thomas Group�s stock price was $1.35.  The 2005 end of year stock price for Thomas Group was $8.20, driven by a 44 percent increase in revenues and a 358 percent increase in net income for the year 2005.  The great news was Thomas Group�s ranking as 4th in stock price appreciation on NASDAQ in 2005, debt free and paying its first dividend in its 27 year history.

Taylor has drawn from his experience which includes taking a bankrupt Texas television station to positive cash flow in just under 60 days, to saving a struggling drilling rig company, to turning around a troubled public company eventually ranked number one by Inc. Magazine to now, where Thomas Group is just the latest of the many companies Taylor has effectively led to success.

Mr. Taylor's change management program completely reversed adverse perceptions of Thomas Group, Inc. leading with a focus on its core business, its people and Knowledge Leadership. 

Mr. Taylor successfully overcame numerous obstacles to recast Thomas Group, Inc. as a stronger and trustworthy industry leader with all the constituencies the Company serves - shareholders, customers, business partners and employees.  He successfully brought Thomas Group, Inc. out from under a cloud and is now progressing full speed ahead on a positive growth path. Mr. Taylor is driven to making Thomas Group, Inc. an undisputed global market leader for Faster Execution of Operational Innovation.

   2. List hyperlinks to any online news stories, press releases, or other documents that support the claims made in the section above. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, http://www.youraddress.com:

http://www.knobias.com/clipreport/SPOT/february2006/spot_TGIS-02202006.htm

http://www.thomasgroup.com/Downloads/nasd4.pdf

http://www.thomasgroup.com/Downloads/investmentquarterly.pdf

   3. Provide a brief (up to 100 words) biography about this nominee:

James T. Taylor, 59, has been President and CEO since January 2004 and a director since February of 2004. Mr. Taylor joined the Company in 2001 as Executive Vice President and Chief Financial Officer. From 1997 to 2001,

Other previous leadership roles include: President of the Chancellor Group.  Vice President for Overhill Farms Corporation.  President and Chief Executive Officer for Elcon Industries, A partner with Coopers & Lybrand (currently PriceWaterhouseCoopers) led the Mergers and Acquisitions Group for the Southwest Region.  Mr. Taylor is a licensed CPA and a member of Financial Executive Institute and Financial Executive Network Group.