The critical role of a Chief Restructuring Officer

When a business is facing distress, it’s worth considering bringing in a Chief Restructuring Officer (CFO). They’re often best equipped to develop a robust turnaround plan, negotiate with suppliers and financiers, and manage the execution of the plan, according to Michael Fingland, CEO of Vantage Performance. The decision to bring in a CRO, he says, is made by the company often based on recommendations from key stakeholders. The skills of a CRO can be financial or operational, depending on the specific needs of the business. They interact with stakeholders such as creditors, shareholders, and employees to gain buy-in and support for the turnaround. Vantage Performance –

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The critical role of a Chief Restructuring Officer is an episode from Vantage Performance Podcast by Turnaround Management and Business Resilience.

This episode is 8:21 long.

This episode was published on May 8, 2024.

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