Chief Restructuring Officer - Industrial & Manufacturing
Duration: Typically 6–12 months
About xNorth
xNorth™ deploys high-impact executives and senior leaders to support organizations through critical periods of transformation, growth, and crisis.
Across North America, we bring in hands-on leaders with proven operational experience to deliver immediate impact and drive results where it matters most.
Role Overview
We are seeking experienced Interim Chief Restructuring Officers (CROs) to support industrial and manufacturing organizations facing operational or financial challenges. With a proven track record in turnaround situations, these leaders combine financial restructuring and deep operational expertise to rapidly assess complex environments, stabilize performance, and deliver pragmatic, results-driven transformation plans.
Key Responsibilities
- Lead end-to-end restructuring initiatives across manufacturing and industrial operations
- Diagnose operational and financial performance, identifying root causes of underperformance
- Develop and execute turnaround plans focused on profitability, cash flow, and operational efficiency
- Optimize cost structures, production processes, and supply chain performance
- Improve working capital management, including inventory, procurement, and receivables
- Implement performance management frameworks and KPIs at plant and group level
- Support strategic decisions such as site rationalization, footprint optimization, or divestitures
- Work closely with leadership teams, boards, and stakeholders to align on restructuring priorities
- Strengthen operational discipline across production, quality, and maintenance functions
- Lead change management initiatives to ensure execution and adoption on the ground
- Coordinate with financial and legal advisors when required in restructuring or special situations
Qualifications
- Minimum 10 years of experience as a CEO, General Manager, or equivalent executive role
- Proven track record leading organizations through restructuring, turnaround, or transformation situations
- Strong background in industrial or manufacturing environments (multi-site, plant operations, supply chain)
- Deep expertise in cost optimization, operational efficiency, and cash management
- Ability to operate hands-on in complex, high-pressure environments
- Strong leadership and stakeholder management skills, including board-level exposure
- Experience in special situations (distressed assets, carve-outs, rapid transformation) is a plus
- MBA, CPA, or relevant advanced degree preferred
Why Join xNorth
- Work alongside experienced operators who understand transformation from the inside
- Access a strong network of clients across North America
- Engage in high-impact assignments with immediate visibility and results
- Flexible engagement model aligned with interim leadership
- Opportunity to drive tangible operational and financial transformation
