At a Glance
- Tasks: Lead restructuring initiatives and develop turnaround plans for industrial and manufacturing organizations.
- Company: xNorth™ specializes in deploying high-impact executives for transformation and crisis management.
- Benefits: Flexible engagement model, access to a strong network, and immediate visibility in high-impact assignments.
- Other info: Opportunity to work hands-on in complex environments and strengthen operational discipline.
- Why this job: Drive tangible operational and financial transformation while working with experienced leaders.
- Qualifications: 10+ years in executive roles with a proven track record in restructuring and turnaround situations.
The predicted salary is between 135000 - 165000 $ per year.
Duration: Typically 6–12 months
About North North™ 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 North: 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.
Chief Restructuring Officer in Toronto employer: xNorth
xNorth is an exceptional employer that values leadership and innovation in the dynamic field of project management within the pharmaceutical and biotechnology sectors. Located in Ontario, we foster a collaborative work culture that emphasizes professional growth and development, offering our employees the opportunity to lead impactful projects while working alongside experienced professionals. With a commitment to excellence and a focus on client satisfaction, xNorth provides a unique environment where your contributions directly influence the success of transformative initiatives.
