The role of Chief Restructuring Officer is not a new title that has sprung up since coronavirus. Many within the professional world will recognise hearing about CROs around the 2008 financial crisis, when companies were in dire need of the implementation of both sheer cost-cutting exercises, and vast changes across the business.
Whilst the role isn’t new, 2020 and the coronavirus pandemic has once again given rise to this need. But what is a CRO and why may you find that your company is in need of one this year?
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