Chief Restructuring Officer

In a period of uncertainty or change, the increasing demands placed on a business and management team often require skilled senior operators to manage the crisis and to plan and implement a turnaround or restructuring.  The appointment of a Chief Restructuring Officer provides additional experience and flexibility, whilst allowing existing management to focus on running the business.

PwC has proven experience of undertaking these roles and we are able to take formal appointments to the board of companies, allowing us to sit at the heart of a business, alongside management, at this challenging time.  

Alan Lovell, Chief Advisor to the Restructuring Practice, supports PwC's turnaround work, which includes advising on the firm's Chief Restructuring Officer (CRO) roles within businesses.  Alan brings a wealth of knowledge and experience from his various roles as Chief Executive of businesses in challenging rescue and turnaround situations.  

Potential issues

• Tension with stakeholders
• Financial and operational restructuring putting pressure on management
• The need to rebuild trust and integrity

How we can support you

• In the pivotal CRO role, we provide highly skilled individuals, with access to our firm's advisory and consulting services.
• We offer the flexibility to step up and step down resource to deal with the uncertainty associated with tackling new situations.
• We have situational experience from complex restructuring assignments and debt advisory roles, as well as expertise from executory assignments.
• The global network of PwC firms allows us to align our international resources and experience to a given situation, complimented by the insights of local market specialists.

We offer our clients a choice, a PwC Chief Restructuring Officer with the support of the firm, or an independent turnaround director from our market leading Turnaround Director Panel.