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Interim Restructuring Manager: Stability and the Ability to Take Action When It Matters Most

Our interim turnaround executive profiles assume operational leadership responsibilities in companies facing an acute crisis in profitability, liquidity, or structure. They develop viable restructuring plans in accordance with IDW S6, negotiate with banks, creditors, and the works council, and oversee restructuring measures until the company achieves sustainable stabilization. In doing so, they deliver concrete deliverables: liquidity plans, cost-cutting programs, restructuring reports, and—where necessary—preparation for StaRUG or “protective shield” proceedings.


Companies turn to our profiles when they face the threat of mandatory bankruptcy filing, when shareholders or banks demand independent leadership, or when an internal leadership vacuum arises during a crisis. The sooner an experienced executive takes the reins, the greater the room for maneuver—for negotiations, for financing solutions, and for preserving jobs.

Contact a restructuring manager now
Interim Restructuring Management Team at Work

When do companies need a turnaround manager?

Typical triggers include impending insolvency, the withdrawal of the company’s primary bank from financing, or a sudden leadership vacuum in the midst of a corporate crisis.
1. Stabilize Liquidity Immediately
  • Solvency is at risk due to past-due accounts, unclear cash drivers, and short-term cash outflows.
  • 13-week liquidity planning with payment approvals, prioritization, and daily cash reporting.
2. Identify the causes of the crisis
  • Earnings are declining, but DB drivers, customer profitability, and fixed-cost levers are not resilient.
  • KPI/DB system including action-based P&L, cause-and-effect logic, and integrated P&L/balance sheet/cash flow planning.
3. Managing Banks & Stakeholders
  • Covenants are at risk, financing partners demand transparency, and confidence is declining among suppliers and employees.
  • Stakeholder roadmap with bank reporting, covenant tracking, Q&A logic, and negotiation agenda.
4. Cost and Structural Transformation
  • The fixed-cost base does not align with demand; the organization is too slow to keep pace with the turnaround.
  • Restructuring program (SG&A/production/purchasing) with a target state, workforce levers, and an implementation plan.
5. Implementation Through Phased Rollout
  • Action lists exist, but results are not being achieved; responsibilities and escalation procedures are unclear.
  • Turnaround Office/PMO with owners, milestones, weekly tracking, and validation of results.
6. Managing Insolvency Risks
  • Risk of insolvency/over-indebtedness; deadlines, liability, and documentation must be robust.
  • Prevention and insolvency scenarios, including decision documentation, action governance, and legal coordination.

Hard and Soft Criteria in Profile Selection

The basic professional requirement for our profiles is proven operational leadership experience in at least two completed corporate restructurings—not as a project manager or consultant, but in a management role. Solid expertise in developing restructuring plans in accordance with IDW S6, in insolvency law (InsO, StaRUG), and in liquidity management under crisis conditions is non-negotiable. Equally important is the ability to structure restructuring financing and negotiate with banks, funds, or strategic investors.

When it comes to personality and leadership qualities, we look for resilience under genuine pressure, not just experience with difficult projects. A strong indicator of this is the ability to communicate difficult decisions to works councils and the workforce in a way that is easy to understand—without undermining trust. Other verifiable indicators include: references from banks or creditor committees, experience with social plan negotiations, and clear documentation of the restructuring results achieved in previous mandates.

Warning signs in the selection process: Profiles that come exclusively from the consulting sector and have not held verifiable P&L responsibility during a crisis are unsuitable for this role. Equally problematic are profiles without experience in direct communication with lenders or those who cannot provide concrete evidence of successful restructuring—such as through key metrics on liquidity improvement, EBITDA performance, or job retention.
Selecting an Interim Restructuring Manager – Criteria and Quality Characteristics
Interim Turnaround Managers at Work – Added Value and Impact for Your Company

Operational Restructuring Management: What Really Matters During a Crisis

Our experts assume full operational responsibility from day one—not as external consultants, but as registered or authorized management with decision-making authority. They analyze the causes of the crisis, develop a robust restructuring plan in accordance with IDW S6, and use this to derive a prioritized package of measures that simultaneously addresses liquidity, cost structure, and the business model. In doing so, they work closely with tax advisors, auditors, and insolvency law specialists without relinquishing operational control.

Key deliverables include a rolling 13-week liquidity plan, a detailed restructuring roadmap with milestones, negotiation documents for discussions with banks, and—if necessary—the preparation of a StaRUG proceeding or a “protective shield” proceeding under Section 270b of the Insolvency Code (InsO). Our profiles understand the expectations of creditor committees, primary banks, and investors, and communicate on an equal footing with all relevant stakeholders. At the same time, they ensure the company’s ability to act internally through clear prioritization, transparent communication with the workforce, and a consistent decision-making culture during the crisis.

What sets our professionals apart from mere restructuring consultants is their personal assumption of liability and their willingness to make difficult decisions—ranging from personnel measures to site closures and asset sales. Companies that act early benefit from significantly greater negotiating leverage; our profiles are available for an initial briefing within 24–36 hours.

Typical Use Cases: From a Liquidity Crisis to a Strategic Realignment

With these profiles, you can quickly bring the company back on track and ensure effective execution.

  • Development of a robust 13-week liquidity plan, including payment approvals, prioritization, and cash reviews.
  • Development of a KPI dashboard, database logic, and action tracking to ensure transparency regarding profit and cash drivers.
  • Conducting meetings with banks, shareholders, and suppliers, including reporting packages and covenant management.
  • Implementation of cost, personnel, and structural measures with clear governance, escalation procedures, and a timeline.
Typical Projects and Results Achieved with an Interim Restructuring Manager

Here's How to Find the Right Restructuring Manager with Our Help

We select only profiles who have a proven track record of taking on operational restructuring responsibilities.
Selecting an Interim Restructuring Manager – An Overview of Key Criteria
Management at Turnaround Speed

Our experts assume overall operational responsibility and quickly establish the ability to make and implement decisions. They align leadership, workflow, and reporting so that liquidity and earnings can be managed on a daily basis.

Building Bank Credibility & Trust

With these profiles, you gain experienced negotiators for banks, shareholders, and critical suppliers. They establish robust cash and covenant reporting and conduct discussions based on data, without neglecting operational implementation.

Delivering Measurable Results

Our profiles translate concepts into a prioritized portfolio of measures with owners, outcomes, and deadlines. They set up a turnaround PMO, track progress weekly, and ensure tangible results in cash flow and the income statement.

Where This Role Fits In

Assignments for Interim Restructuring Manager usually come up in projects around Restructuring Consulting. That page explains what the field covers, when external support makes sense and which roles belong to it. Adjacent field: Lean Management Consulting.

All roles in Restructuring & Operational Efficiency

We understand the challenges you face and will provide you with profiles within 24–36 hours

After the matching process, we will personally introduce you to the profile and oversee the handover to operational responsibility.
Understanding the Requirements for an Interim Restructuring CEO Assignment

Step 1: Understanding

We assess your company’s specific crisis situation: liquidity position, creditor structure, legal framework, and the required decision-making timeline. Based on this, we work with you to define the exact role specification—ranging from industry experience and expertise in insolvency law to the desired level of management involvement.

Curated profiles of interim turnaround executives, available within 24–36 hours

Step 2: Connect

We match your role specification with our verified profiles and recommend only candidates who have successfully completed similar restructuring projects. You’ll receive suitable profiles within 24–36 hours—curated, not automated.

Ensure Success with the Right Interim Restructuring CEO Profile

Step 3: Success

For us, it’s not the number of mandates that matters, but whether the company has overcome the crisis. We actively support the effort and are available to provide feedback and make adjustments—so that the turnaround process not only gets started but also leads to a sustainable outcome.

Find your ideal candidate for the position of Restructuring Manager in just 24–36 hours

You’ll quickly receive a curated selection that precisely addresses the crisis phase, industry context, and leadership mandate. The following profiles are examples that illustrate typical experience profiles from our network. The specific selection of suitable consultants is tailored individually to your request.
Interim Restructuring Manager Profile - Candidate Available Immediately
Theresa

Turnaround Executive with a focus on securing liquidity and stabilizing stakeholders in medium-sized enterprises and private equity portfolios. Areas of expertise: 13-week cash flow, working capital, covenant tracking, communication with banks and suppliers, turnaround office.

Freelance Interim Restructuring Manager - Available Now
Vincent

Turnaround Executive specializing in operational turnarounds in production and the supply chain. Areas of expertise: plant performance, OEE/throughput, procurement leverage, capacity and shift models, SG&A restructuring, and PMO implementation tracking.

Interim Restructuring Manager (Female Specialist) — Available on Short Notice
Zoe

Turnaround manager with a focus on commercial management, integrated planning, and profit improvement. Areas of expertise: income statement, balance sheet, and cash flow planning; database analytics; pricing and terms leverage; project controlling; turnaround documentation; governance.

Senior Interim Restructuring Manager - Available for Interim Assignments
Anton

Restructuring Manager specializing in crisis communication, legally compliant documentation of decisions, and restructuring roadmaps. Areas of expertise: Prevention and insolvency scenarios, liability and deadline management, stakeholder negotiations, portfolio of measures, and communication architecture.

Frequently Asked Questions

How quickly will we receive profiles of interim turnaround executives?

You’ll receive an initial curated selection within 24–36 hours. To do this, we’ll assess the crisis phase, the mandate (management), the industry context, and availability within our network. You’ll then receive profiles that include references, a start date, and a clear role definition tailored to your specific situation.

What does a turnaround executive do?

A turnaround Managing Director takes over management on a temporary basis during a corporate crisis and guides the organization through stabilization and turnaround. They ensure liquidity and maintain control through reporting, KPIs, and tracking of measures, while managing stakeholders such as banks, shareholders, and suppliers. The goal is to ensure solvency and to sustainably improve earnings and cash flow.

When does a company need a turnaround CEO? How can you recognize the need?

The need arises when liquidity becomes tight, forecasts no longer hold up, or stakeholders increase the pressure. Warning signs include a lack of 13-week transparency, recurring covenant risks, escalating supplier issues, and measures with no demonstrable effects. With these profiles, you can quickly bring decision-making power and implementation pace into your overall management.

What skills, tools, and certifications should a turnaround CEO possess?

Proven turnaround experience, strong negotiation skills with banks, and the ability to lead under high uncertainty are essential. In terms of tools, the candidate should have a solid command of 13-week cash flow models, integrated planning (income statement/balance sheet/cash flow), as well as KPI dashboards and action tracking (Excel/BI/ERP analyses). Training in restructuring and bankruptcy law is helpful, but the decisive factor remains the proven results achieved in comparable crises.

How does a restructuring CEO differ from an Interim CRO?

An Interim CRO is often more focused on the restructuring plan, creditor coordination, and stakeholder processes. A restructuring Managing Director, on the other hand, bears full executive responsibility and additionally manages day-to-day operations, including organization, management structures, and operational performance. With these profiles, you receive not only restructuring management but also comprehensive corporate management during a crisis.

What deliverables does a restructuring CEO typically provide?

Typical deliverables include an immediate liquidity program—comprising a 13-week plan, payment approvals, and working capital levers—along with a bank-ready reporting package (KPIs, forecasts, covenant overviews) and a prioritized portfolio of measures with expected impacts, responsible parties, and a timeline. Our experts also provide a turnaround PMO with weekly tracking and clear decision documentation.

How much does a turnaround manager cost?

The daily rate typically ranges from €1,800 to €2,600 and depends on the severity of the crisis, liability exposure, scope of the engagement, and company size. In situations involving acute cash flow and stakeholder pressure, the rate is often at the higher end of the range because speed and responsibility increase. These profiles provide you with upfront transparency regarding terms, availability, and expected deliverables.