The CRO and interim turnaround roles – act early to improve the odds

Chief Restructuring Officers (CROs) and interim executive managers have become a mainstay of restructuring processes in the U.S. and Europe. So why has corporate Australia been slow to embrace these change-making roles?

Executive level surge resourcing offers a critical value-add to businesses undergoing a significant change event. This may be to seize opportunities for growth or to restructure a stressed business. Interim experts inject a specialist skill set that’s conditioned to navigate these complexities and ensure the best outcomes for all.

Hear from a panel of four experienced cross-border CROs on:

• The role of the CRO in North America
• The development and acceptance of interim resourcing in Australia
• Example of where the CRO or interim manager can make a real difference, by event and sector
• The relationship between interim resources and the board, management, lenders and other stakeholders

This webinar will include a live global case study where a CRO is assisting directors to steer a business through a volatile time.

Guest speakers

Mike Healy

Senior Managing Director, New York, United States

Currently CRO of Speedcast, based in New York, Michael is a Senior Managing Director in FTI Consulting’s Corporate Finance & Restructuring practice. Prior to FTI he spent 18 years at the CDG Group and has worked on a variety of restructuring and strategic advisory assignments across a broad range of industries. He has also served in critical interim roles such as CRO, President, CEO and CFO to distressed companies.

Mike McCreadie

Senior Managing Director, Melbourne VIC

Mike specialises in advising clients around the development and implementation of business plans; cost reduction initiatives; strategic realignment of business units; operational analysis of cash flow projections; development and implementation of cash management programs; and operational and financial reporting.

Andrew Bantock

Senior Managing Director, Perth WA

Andrew has over 30 years’ experience as a leader of listed, private and government businesses. ​ Initially as a senior executive and later as a business turnaround professional, Andrew has floated, operated and advised ASX, TSX and NZSE listed companies, including in roles as Chief Restructuring Officer of listed companies.

Ben Shrimpton

Senior Managing Director, Sydney NSW

Ben is a corporate restructuring advisor that specialises in achieving operational and financial change through Executive and Board roles in large corporates. Recent experiences include several high profile Australian and International retail brands. For these businesses he has led large and listed company finance functions (e.g. as CFO), as well as organised strategy teams setting and implementing corporate turnaround plans.

Maree Arnason (Moderator)

ASX Non-Executive Director Perth, WA

A senior executive and director with over 30 years’ experience across the mining, energy and manufacturing sectors and was recognised as one of the Top 100 Global Inspirational Women in Mining in 2018. Maree serves on several ASX, peak industry and not-for-profit boards including Sandfire Resources Ltd, Gold Road Resources Ltd, ASIC’s Corporate Governance Consultative Panel and is an AICD WA Division Councillor.