This is a profile image of Chase Covington

Chase Covington

Partner, New York

Leads large-scale business transformations across sectors

About Chase

Chase advises industrial organizations ranging from basic materials to advanced manufacturing, bringing expertise in holistic transformations and turnarounds, corporate strategy, and financial transactions.

Within McKinsey’s Transformation practice, he leads the firm’s approach to independent diligences, including how McKinsey uses AI to improve the speed and accuracy of value creation plan underwriting. Within the Strategy & Corporate Finance practice, Chase is the global convener of McKinsey’s CFO Senior Advisors, bringing former CFOs together to help McKinsey create knowledge, upskill teams, and serve finance organizations.

Chase has previously developed McKinsey’s RTS approach to bottom-line financial tracking and reconciliation.

Selected client work

  • Led a $450 million transformation of a $6 billion revenue global industrial distributor. Transformation drove EBITDA impact from aftermarket parts and service growth, sales force reorganization, procurement clean sheets and eRFQs, and operational efficiencies via standard work and visual and performance management.
  • Led a $600 million transformation of a $4 billion revenue EBITDA North American building products original equipment manufacturer (OEM). Transformation resulted in 500 basis points of margin expansion despite flat sales in a down construction market.
  • Led the $200 million transformation of a specialty chemicals company (epoxy and coating resins) unlocking growth via long-tail pricing and margin architecture, and efficiencies across overhead, S&OP, and indirect procurement.
  • Led the $1 billion EBITDA turnaround of a more than $30 billion revenue advanced aircraft OEM via unlocking further engineering and R&D investments. Impact achieved across salesforce effectiveness, third-party spend rationalization, aftermarket effectiveness, and inventory management efficiencies.
  • Advised on a $3 billion EBITDA turnaround of a more than $30 billion diversified industrial conglomerate across top-line, margin, overhead, and working capital levers, resulting in a more than 100 percent increase in share price due to improved organic growth and margin expansion.

Expertise

Published work

“Unlocking full potential: Five practices reshaping PE value creation” McKinsey & Company, June 2026

“From potential to performance: Using gen AI to conduct outside-in diligence,” McKinsey & Company, September 2025

Education

The University of Texas at Austin
BBA