Do You Need a Chief Restructuring Officer?

Michael Fingland, Managing Director at Vantage Performance, reckons that companies are five times more likely to survive a financial crisis if they have appointed a Chief Restructuring Officer. In this episode of the Vantage Performance Podcast he explains to Phil Dobbie the six reasons why a CRO is so important to turnaround success:

1.     They buy time and support from key stakeholders to develop and execute solutions.

2.     They significantly improve cash flow in the first 100-150 days.

3.     They rebuild trust with stakeholders.

4.     They are objective, they see through the haze and identify the big changes that need to be made.

5.     They know of initiatives that management teams are not aware of.

6.     They know how to "sell" the plan to key stakeholders.

If you are enjoying the Vantage Performance Podcast make sure you subscribe on iTunes or SoundCloud.

YouTube: https://www.youtube.com/c/MichaelFingland

Linkedin: http://linkedin.com/in/michael-fingland-34a09b3

Website: https://www.vantageperformance.com.au/

Do You Need a Chief Restructuring Officer? Michael Fingland, Managing Director at Vantage Performance, reckons that companies are five times more likely to survive a financial crisis if they have appointed a Chief Restructuring Officer. In this episode of the Vantage Performance Podcast he explains to Phil Dobbie the six reasons why a CRO is so important to turnaround success: 1. They buy time and support from key stakeholders to develop and execute solutions. 2. They significantly improve cash flow in the first 100-150 days. 3. They rebuild trust with stakeholders. 4. They are objective, they see through the haze and identify the big changes that need to be made. 5. They know of initiatives that management teams are not aware of. 6. They know how to "sell" the plan to key stakeholders. If you are enjoying the Vantage Performance Podcast make sure you subscribe on iTunes or SoundCloud. YouTube: https://www.youtube.com/c/MichaelFingland Linkedin: http://linkedin.com/in/michael-fingland-34a09b3 Website: https://www.vantageperformance.com.au/

At Vantage Performance, everything we do is aimed at building stronger, more resilient businesses so we can improve the rate of business success.

At Vantage Performance, everything we do is aimed at building stronger, more resilient businesses so we can improve the rate of business success.

At Vantage Performance, everything we do is aimed…

Vantage Performance Podcast

Do You Need a Chief Restructuring Officer?

Micha…

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