From Reaction to Readiness: Understanding Modern Chief Restructuring Officers

In today's rapidly changing business environment, marked by economic volatility, political uncertainty, and accelerated digital transformation, the role of the Chief Restructuring Officer (CRO) has evolved from a reactive to a proactive and strategic necessity. 

The modern CRO must possess a broad skill set, including digital fluency, sophisticated management capabilities, and a keen understanding of global market dynamics. According to our recent survey, early engagement of CROs can significantly enhance restructuring outcomes, yet many organizations still delay this critical intervention until financial distress becomes acute. Key survey statistics reveal that 66% of respondents cite persistent financial distress as the top reason to hire a CRO, while 63% acknowledge the high importance of CROs in future restructuring scenarios. 

The survey also highlights that 60% of respondents expect global economic volatility to significantly affect the need for CRO services, with PE firms (65%) especially concerned. 

To navigate these challenges, KPMG offers experienced Turnaround & Restructuring, M&A, and Capital Markets professionals, combined with our global footprint and cross-sector experience. We help companies proactively address the complex and evolving challenges in this disruptive market environment.