Interim Chief Restructuring Officer

xNorth is a pure play Executive Interim Management firm based in Toronto, connecting organizations with seasoned executives to lead critical initiatives, manage change, and drive results. With a deep understanding of the challenges businesses face during periods of transformation, growth, and crisis, we specialize in delivering rapid and effective solutions.

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We are seeking experienced Interim CROs to join our roster, providing strategic restructuring leadership during times of financial or operational instability. The ideal candidates will possess deep expertise in turnaround management, crisis intervention, and implementing restructuring plans. They should be capable of stepping into high‑pressure situations, stabilizing operations, and driving lasting improvements.

• Lead corporate restructuring efforts, including debt restructuring, operational realignment, and liquidity management.
• Develop and implement turnaround strategies to stabilize the business, improve financial health, and restore profitability.
• Conduct thorough assessments of financial performance, operational efficiency, and organizational structure to identify critical areas for improvement.
• Work closely with senior management, boards, and stakeholders to create and execute restructuring plans.
• Manage cash flow, working capital, and cost control measures to ensure financial stability.
• Drive strategic decision‑making related to mergers, acquisitions, or divestitures.
• Implement operational and financial control measures to improve performance and reduce risks.
• Advise on proceedings related to the Companies' Creditors Arrangement Act (CCAA) and ensure legal compliance in restructuring and insolvency situations.
• Collaborate with legal and financial advisors to navigate complex financial challenges, including bankruptcy or insolvency proceedings if necessary.
• Lead change management efforts to ensure alignment with restructuring objectives and long‑term business goals.
• Mentor and guide internal teams to maintain productivity and morale during periods of transition.

• Minimum of 10 years of executive‑level experience in restructuring, turnaround management, or similar roles.
• Proven track record in leading organizations through significant restructuring efforts.
• Strong strategic, financial, and operational skills.
• Experience navigating the Companies' Creditors Arrangement Act (CCAA) and other relevant restructuring laws in Canada.
• Ability to work effectively under pressure and deliver measurable results in challenging environments.
• Excellent communication and negotiation skills, with experience working with senior stakeholders and boards.
• Expertise in crisis management, financial restructuring, and operational improvements.
• Experience in industries undergoing transformation, such as manufacturing, healthcare, or retail, is a plus.
• MBA, CPA, or relevant advanced degree preferred.
• Incorporated in Canada (if needed, we provide all the resources to help with incorporation).

• We stand beside our clients and Interim Executives every step of the way.
• As a pure player, we are experts at setting up Interim Executives for success.
• Access to a network of top‑tier organizations in Canada and USA.
• Opportunity to make a significant impact during critical business phases.
• Continuous professional growth and networking opportunities.
• Competitive compensation and flexible engagement models.