Chief Restructuring Officer (CRO)

Chief Restructuring Officer

Interim management is an effective managerial solution for companies of all sizes to deal with an unprecedented problem, a managerial emergency or to accelerate their transformation.

MANAGERIM, expert in interim management, provides you with interim managers specialized in business restructuring and turnaround everywhere in France and internationally.

Our community of interim managers in restructuring management includes interim CRO with strong experience in crisis management and operational management of restructuring projects, as well as solid financial and social expertise.

Our interim managers are men and women selected after a rigorous and demanding process, as much for their expertise as for their interpersonal skills.

The missions of an interim chief restructuring officer

The Chief Restructuring Officer (CRO) is an experienced executive who supports the general management of a company or entity in a period of crisis ("underperformance", "financial difficulties" or "cash flow crisis") and is in charge of the operational management of the restructuring and transformation process for an interim period (generally from 6 to 18 months).

Expert in restructuring processes (often complex), the interim "CRO" manager intervenes very rapidly and brings methods, experience, rigor and an external perspective.

He has been through similar situations (turnaround, restructuring, turnaround, safeguard plan, judicial reorganization...) and he knows the pitfalls to avoid and the key factors of success to activate.

He initiates a positive turnaround process (diagnosis and sharing of dysfunctions, tightened cash management, raising the awareness of teams to cash management, freezing or reducing certain expenses, mediation, negotiations with the company's key external partners, proposal and implementation of corrective actions in the short/medium term, etc.) which will make it possible to avoid, if possible, more radical legal measures such as the cessation of payments or legal redress, or will limit the economic and social impacts.

Why should you hire an interim chief restructuring officer from the interim management firm MANAGERIM?

Our interim CROs have previous successful experience in turnaround and restructuring, which allows them to adapt rapidly to new contexts and to be immediately operational.

They intervene on intense assignments with a high added value in various situations:

  • flash and objective 360° audit of the situation (strategic, commercial, financial, HR, industrial, technical...)
  • implementation of immediate actions to control cash flow and limit expenses and losses, activate levers to improve results...
  • analysis and assessment of possible turnaround scenarios
  • presentation of the target action plan to the General Management to restore confidence in the company's partners (banks, shareholders, customers, suppliers...) with, for example, actions to reduce the cost structure, requests for additional payment terms to creditors, the abandonment of part of the debt, new financing, a redundancy plan, a partial or total sale, a strategic repositioning on a more promising market...)
  • implementation of a restructuring plan and, if necessary, a Employment Protection Plan (PSE in French), site closure, merger or cession of entities...
  • structuring and piloting of an action plan to rebound and return to performance in the longer term

Throughout their assignments, our interim managers are supported by one of our partners, who guarantees the quality of the assignment and the methodology developed by MANAGERIM.

Are you looking for an interim restructuring manager or chief restructuring officer?

Rely on our interim management firm MANAGERIM to rapidly mobilize the best interim manager profile


Our team is at your disposal and will rapidly mobilize the most adapted interim manager to your situation and your challenges.