CRO meaning in Jobs ?

Answer:

What is Chief Restructuring Officer mean?

A chief restructuring officer (CRO) is a senior officer of a company given broad powers to renegotiate all aspects of a company's finances to deal with an impending bankruptcy or to restructure a company following a bankruptcy filing. The use of CROs, who usually have an expertise in the field of business in which the company operates, has been increasing in popularity since the 1990s. CROs are sometimes seen as an alternative to using a trustee in bankruptcy in a reorganization bankruptcy, because the trustees may not be knowledgeable in field of business conducted by the company.

Further CROs give the company management and creditors more of say in the running of a company than a trustee is required to do so. CRO's have sometimes been compared to "turn around" consultants although the CRO differs from a turn around consultant in that the CRO is an official of the company and has executive power.

While CROs officially report to the company and its board of directors, they are considered to have greatly strengthened the hand of creditors since the CRO can make executive decisions following a direct meeting with the creditors. On occasional instances, the CRO can oust the chief executive officer (CEO) or president of the company, as happened in 2012 when Gregory F. Rayburn replaced Hostess Brands CEO Brian Driscoll as CEO a month after being appointed CRO.

reference

Full Form	Category
CSU Research Output	Academic & Science
Contract Research Organisation	Academic & Science
Contract Research Organizations	Academic & Science
Cetos Research Organization (Bar Harbor, ME)	Academic & Science
Criterion Reference Objective	Academic & Science
Classes Reunion Organization	Academic & Science
Course Resources Online	Academic & Science
Clock Reference Oscillator (AT&T)	Academic & Science
Component Repair and Overhaul	Academic & Science
Center for Radiation Oncology	Academic & Science
Chromium(II) Oxide	Academic & Science
Container Release Order	Accounts and Finance
Corcoran (ca)	Airport Code
Civilian Repair Organisation	Associations & Organizations
Canceling Returns Only	Business
Consolidated Restaurant Operations	Business
Customer Relationship Optimization	Business
Customer Record Output	Business
Credited Retail Outlet	Business
Carded for Record Only	Business
Chief Research Officer	Business
Creon Resources, P.L.C.	Business
Conversion Rate Optimisation	Business
Costa Rican Outpost	Business
Company Relation Officer	Business
Cognizant Regional Office	Business
Codice di Riferimento dell'Operazione (Italian: bank money transfer)	Business
Certified Radio Operator	Business
Crown Pacific Partners, L. P.	Business
Competitor Relations Officer	Business
Crisis Response Operations	Community
Civil Rights Officer	Community
Character Relationships Objective	Community
Click Rate Optimization	Community
Church-Related Organization	Community
Club Race Officer	Community
Classique Rallye Organisation (French car club)	Community
Creative Roleplaying Organization (live action roleplaying games)	Community
Community Reuse Organization	Community
Community Relations Office	Community
Community Resource Officer	Community
Community Redevelopment Office	Community
Colorado Recorder Orchestra	Community
Cave Rescue Organization	Community
Chrono Revolution Omega	Computing
Conversion Rate Optimization	Computing
Crypto.com Coin	Cryptocurrency
Cathode Ray Oscilloscope	Electronics
Child Restoration Outreach	General
Customer Revenue Optimizer	General
Central Reservations Office	General
Corporate Reservations Office	General
Continuity Recheck Outgoing	General
Corporate Responsibility Officer	General
Chief Recognition Officer	General
Crisis Response Operation	General
Chapter Relations Office	General
Carbapenem Resistant Organisms	General
Complaints Resolution Official	General
Cessation of Regulated Operations	General
Cathode Ray Oscillograph	General
Control Room Operator	General
Chief Regulatory Officers	General
Conversation Rate Optimisation	General
Conversation Rate Optimization	General
Current Ray Oscillator	General
Construction Related Occupation	General
Change of Reporting Official	General
Coloured Roads Only	General
Car Rental Operator	General
Chief Range Officer	General
Cancel Rerouted Overflow	General
Central Reservation Office	Governmental
Counterfeit Resistant Option	Governmental
Criminal Records Office	Governmental
Contract Regulatory Organization	Governmental
Congressional Relations Officer	Governmental
Collection and Recycling Organisation	Governmental
Clinical Research Organization	Governmental
Columbia Recovery Office	Governmental
Community Rehabilitation Orders	Governmental
Combinatoire et Recherche Opérationnelle (French: Combinatorics and Operations Research)	International
Commonwealth Relations Office	International
Customer Relationship Officer	Jobs
Chief Revenue Officer	Jobs
Chief Requisition Offcier	Jobs
Complaint Resolution Official	Jobs
Chief Restructuring Officer	Jobs
Competitor Relations Officers	Jobs
Chief Risk Officer	Jobs
Chief Registration Officer	Jobs
Chief Returning Officer	Jobs
Center Rotate Offset	Maths
Clinical Research Office	Medical
Clinical Research Officer	Medical
Combat Rescue Officer	Military and Defence
Contract Research Organization	Military and Defence
Companies Registration Office	Regional
County Records Office	Regional
Centre Régional de l'Occasion (French: Regional Center of Opportunity)	Regional
Complaints Resolution Officer	Regional
Cave Rescue Organisation	Regional