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Pilot through stormy seas
Chief Restructuring Officer (CRO)
Restructuring is a critical activity that requires strong, dedicated leadership – experienced executives who know the ins and outs of restructuring and can help maximize the prospects of a successful outcome. That’s exactly the kind of leadership management teams need to retain the confidence of financial stakeholders during difficult times.
One size does not fit all when it comes to selecting a Chief Restructuring Officer (CRO). The issues facing a business determine the type of skills that are required.
Strategic CROs provide leadership in exploring financial and strategic options, as well as financial rigor in assessing and developing a cohesive financial and operation plan. Operational CROs diagnose operational and financial issues, develop and deliver a robust operational and/or financial turnaround plan, and implement enhanced governance and controls. Financial CROs evaluate debt and capital restructuring options, evaluate stakeholder options, lead negotiations with stakeholders, and develop a Plan B. Crisis management CROs provide day-to-day leadership in an unfamiliar situation and manage and instill confidence in stakeholders while also coordinating legal, financial, and other advisors.
Whatever the guidance your organization needs, there is a Deloitte professional who can help.