Turnaround / Chief Restructuring Officer

Dallas, TX

Contracted

Senior Executive

Contract | 6–12 months | Day rate + expenses | Travel M–F, CONUS

The mandate

A distressed manufacturing asset needs someone with authority to make hard decisions quickly. You are placed to manage liquidity, stabilize the business, and execute the restructuring — whether that means exiting product lines, renegotiating debt, closing sites, or preparing an asset for sale.

This is not a coaching role. You will make decisions that affect people's jobs, and you will make them on a compressed timeline with incomplete information.

What you'll own

• Immediate liquidity management and cash conservation
• 13-week cash flow as the primary operating instrument
• Lender, creditor, and stakeholder negotiation and communication
• Product line and customer profitability analysis, and the divestiture or exit decisions that follow
• Cost structure reduction, including headcount and footprint actions
• Debt restructuring, forbearance, and amendment negotiation
• Contingency planning, including 363 sale or Chapter 11 preparation where applicable
• Board, sponsor, and lender reporting under high scrutiny

What you bring

• 15+ years of senior operating or financial leadership, with direct turnaround or restructuring accountability
• Multiple completed distressed engagements — this role is not a first turnaround
• Deep liquidity management capability under genuine constraint
• Lender negotiation experience across forbearance, amendment, and refinancing
• Manufacturing operations literacy — you can evaluate whether a plant should stay open
• The judgment and steadiness to hold a room that is losing confidence

Strong plus: CTP, CIRA, or equivalent credential; Chapter 11 experience; carve-out or asset sale execution; industrial and manufacturing sector concentration.