The Leadership Your Company Needs to Move Forward
At some point, a company’s situation moves from a turnaround to a crisis. At that point, a Centrus crisis management professional provides on-site, senior-level interim support to stabilize the failing company. We identify the most critical issues facing the company, prioritize their magnitude, and implement the necessary actions.
Often, a short-term crisis management professional serving as interim management is an attractive alternative to making a permanent personnel change in such critical times. A crisis management professional possesses the unique skills needed to stabilize a crisis situation, which are not necessarily the skills needed to manage long-term redirection and growth of a company.
During a crisis situation, a Centrus professional will normally assume the duties of Chief Restructuring Officer, Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, Operations Manager, Plant Manager, Sales Manager, Trustee or Receiver.
Centrus professionals have also served as Receiver as well as Trustee and Committee Advisory in Chapter 11 Bankruptcy environments. A thorough understanding of the business and legal issues facing the company is a critical benefit of the Centrus’ crisis expertise.
As your crisis management professional, our duties would include:
- Day-to-day operating and financial management
- Negotiation and execution of financial relationships
- Communications with lenders, creditors and attorneys
- Negotiation of all company contracts and liabilities
- Disbursement of funds
- Collection of funds
- Other customary duties