Interim management: Chief Restructuring Officer (CRO)

What EY restructuring and turnaround leadership services can do for you

Restructuring or turning around a business is often a complex, high stress situation. We work with you to create alignment and understanding to obtain support for the restructuring from internal and external stakeholders. We have many years of experience supporting your teams to deliver the restructuring or providing leadership and executive support, including interim management services such as acting as chief restructuring officer (CRO) or chief restructuring advisor (CRA) in order to help lead the restructuring or turnaround.

Common restructuring and turnaround challenges we can help address:

  • Operational and financial underperformance and value erosion
  • Loss of focus
  • Loss of talent
  • Weakened credibility with stakeholders
  • Liquidity shortfalls
  • Lack of clarity around performance and trust in the numbers (profit and cash)
  • Overstretched management
  • Lack of appropriate experience and skill to tackle issues
  • Failure to hit milestones

How we can help you

  • Board support and leadership: From acting as financial advisor to hands-on support such as taking board-level appointments (e.g., chief restructuring officer). We provide guidance and a clarity of thinking drawn from our insights and experience of leading business restructurings for over 40 years.
  • Business stabilization: Creating the breathing space and platform to address the challenges through rapid intervention, with a focus on pace and impact to create the necessary grip and control, while securing common internal and external stakeholder understanding and buy-in.
  • Business turnaround: Working with management to identify and prioritize value creation, value protection and value recovery opportunities as well as the resources, rigor and step plans necessary to deliver these. Advising on the necessary financial restructuring so that plans are underpinned by a sustainable capital structure.
  • Value transformation: Creating and maintaining momentum — from the initial intervention and turnaround initiatives brought by the business restructuring approach, to building and executing a clear medium- to longer-term strategy and value creation plan, through to ultimate exit and value realization.
  • Tax impact assessment: We work seamlessly with our restructuring tax professionals to assess the tax impact of potential business decisions including divestments, group reorganizations, the restructuring of third party and inter-company debt or refinancing of existing liabilities.

The team

Falco Weidemeyer

EY Global Turnaround and Restructuring Leader

Seasoned, internationally trained performance professional. CRO and turnaround manager. Experienced in consulting and industry functions. Passionate for outdoors.

Eschborn/Frankfurt (Main), DEU

Christopher Mack

EY-Parthenon Asia-Pacific and Japan Turnaround and Restructuring Strategy Leader; EY Asia-Pacific Reshaping Results Leader

Experienced restructuring advisor. Has held positions as President, CFO, Global Strategy Officer and Board Director. Extensive global and broad industry experience. Traveler. Family man.

Tokyo, JPN

Sanjay Ramaswamy

EY-Parthenon Americas Turnaround and Restructuring Strategy Leader

C-suite advisor on Turnaround & Transactions Strategy. Avid traveler.

New York, USA

Andrew Wollaston

EY Global Transactions Private Equity Leader

Seasoned financial advisor and restructuring professional who has been with EY for over 30 years. Proud father of three. Poor golfer. Lover of animals and the outdoors. Interested in family history.

London, GBR

Alan Hudson

UK&I EY-Parthenon Leader

Hands-on restructuring professional who thrives on leading and supporting clients through periods of transformation. Husband. Proud father. Lover of dachshunds and sport.

London, GBR

Andrew Koo

EY-Parthenon Partner, Strategy and Transactions, Ernst & Young (China) Advisory Limited

Seasoned in corporate restructuring and insolvency. Corporate advisory experience. Creative. Trustworthy. Sincere. Husband. Father. Loves sailing, skiing and golfing.

Hong Kong SAR, CHN

Suwin Lee

EMEIA EY Private Leader; Transaction Tax Partner, Ernst & Young LLP

Trusted business advisor specializing in Tax restructuring. Passionate about helping private businesses thrive and achieve their ambition.

London, GBR

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