A Chief Restructuring Officer (CRO) is a high-ranking executive appointed within a company to assume extensive authority in renegotiating various aspects of the company’s financial operations. This role is typically undertaken in response to an imminent bankruptcy situation or to spearhead restructuring efforts following a bankruptcy filing. As a CRO, this senior officer possesses the expertise and mandate to implement comprehensive financial renegotiations and strategic initiatives. Their responsibilities encompass a wide range of activities, including debt restructuring, asset divestitures, cost optimization, and operational improvements. The CRO plays a pivotal role in stabilizing the company’s financial position, addressing creditor concerns, and developing a viable path towards sustained profitability.