Business man standing alone in a boardroom


Chief Restructuring Officer (CRO) Services

Experienced leadership in mission critical situations

A Chief Restructuring Officer (CRO) is an essential partner for business leaders and stakeholders to deploy in mission critical situations.

Whether there is a need to drive a balance sheet reconstruction, deliver an operational restructuring or inject rigour and pace into a transformation program, Deloitte can deploy senior professionals with the necessary situational experience, credibility, expertise, independence and energy. They also have the ability to access the wider Deloitte capability or introduce an independent individual via the Deloitte Executive Network.

Steering businesses through essential change

Steering organisations through business critical change

A CRO can provide temporary executive support to lead mission critical projects, free up valuable management bandwidth to focus on the day-to-day operations, and instil confidence in key stakeholders.

Today’s CRO needs to not only provide a focal point for change but also ensure that any restructuring solution addresses the key strategic and operational challenges faced by the business, whilst also ensuring that key stakeholders are consulted and bought into the approach. Consequently, we have identified four faces of the CRO that can be deployed in any combination to address business critical financial and operational restructuring, and transformation situations.

A CRO fulfils the need for an experienced, financial and operational restructuring practitioner to make an immediate high impact, and will be of value in a number of situations:

  1. Crisis management;
  2. Financial distress;
  3. Addressing underperformance in a group or subsidiary;
  4. Preparing for a refinancing or disposal; or
  5. Restructuring for growth.

Our experienced practitioners have collectively restructured over $150 billion of debt and delivered over $15 billion of financial improvements, and are ready to discuss how Deloitte can support you in your mission critical situations.

Leading corporate restructuring

Key contacts

Peter Callas

Peter Callas


Peter is a Partner in the London Restructuring Services team and advises and supports senior management teams through mission critical operational and financial restructuring processes. Peter has a wi... More