Chief Restructuring Officer (CRO) – Automotive Industry
Role Overview:
The Chief Restructuring Officer (CRO) is responsible for leading and executing turnaround strategies, optimizing operational efficiency, and ensuring financial stability within an automotive organization. This executive role focuses on restructuring initiatives, cost reduction, and improving profitability while maintaining business continuity. The CRO collaborates with C-suite executives, investors, and stakeholders to develop and implement strategic solutions to stabilize and grow the business.
Key Responsibilities:
Strategic Restructuring & Turnaround Management
* Develop and execute a comprehensive restructuring strategy to improve financial and operational performance.
* Lead cost-cutting initiatives, including downsizing, footprint optimization, and relocation to low-cost countries.
* Assess and optimize supply chain, procurement, and production for efficiency gains.
* Implement lean manufacturing, process automation, and digital transformation to increase productivity.
* Oversee M&A activities, including company restructuring, asset sales, and post-merger integration.
Financial Management & Cost Optimization
* Drive P&L accountability to ensure sustainable profitability and cash flow improvements.
* Identify and implement working capital reduction, SG&A cost optimization, and operational expense control.
* Develop turnaround plans in collaboration with finance, operations, and HR teams.
* Work closely with banks, investors, and financial institutions on debt restructuring and refinancing strategies.
Operational Excellence & Performance Improvement
* Lead plant closures, consolidations, or relocations to maximize efficiency.
* Oversee restructuring of underperforming business units and align them with corporate goals.
* Implement KPIs, performance monitoring systems, and cost-saving initiatives.
* Drive cross-functional collaboration to achieve operational efficiency targets.
Stakeholder Management & Communication
* Act as a key liaison between investors, board members, and management teams.
* Ensure clear communication of restructuring plans to employees, unions, and stakeholders.
* Manage risk assessment and mitigation strategies to prevent operational disruptions.
* Lead negotiations with suppliers, creditors, and strategic partners.
Qualifications & Experience:
* 15+ years of leadership experience in the automotive industry, with a proven track record in turnaround and restructuring.
* Expertise in P&L management, financial restructuring, and cost reduction strategies.
* Experience leading multi-site operations, plant relocations, and mergers/acquisitions.
* Strong knowledge of lean manufacturing, supply chain optimization, and digital transformation.
* Ability to work under pressure in crisis situations, with strong problem-solving skills.
* Excellent communication, negotiation, and leadership abilities.
Additional Information:
* Location: Germany
This role is ideal for a highly experienced restructuring leader who thrives in challenging environments and can drive turnaround success in the automotive sector.
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