A Chief Restructuring Officer (CRO) assumes an Officer position within the company. A CRO is typically responsible at a minimum for all financial restructuring, turnaround plans, cash management and financial reporting of a company. Additionally, in some situations a CRO’s role will also include all duties typical of a CEO even though the CEO may remain in his or her role. A CRO always reports directly to the company’s Board of Directors or owners.

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