Ask the Chief Restructuring Officer - Q&A with Kevin Lyon

In the initial stages of distress, the lending group or creditors' committee may request that an independent chief restructuring officer (CRO) is appointed to the debtor company as a precondition to continued restructuring discussions. It is a role at the heart of the restructuring, often involving a difficult position liaising and negotiating between the creditors group on one side and the company and its directors on the other.

0ae9737 Kevin Lyon, an experienced company chairman and non-executive director who frequently takes CRO appointments, explains the role of a CRO and some of the challenges of the job.

Sign up here to access the free interview with Kevin and understand the benefits that a CRO appointment may bring.

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