{"id":702142,"date":"2024-11-28T15:58:10","date_gmt":"2024-11-28T14:58:10","guid":{"rendered":"https:\/\/www.atreus.de\/?post_type=publication&#038;p=702142"},"modified":"2024-12-02T12:13:03","modified_gmt":"2024-12-02T11:13:03","slug":"cfo-and-cro-role","status":"publish","type":"publication","link":"https:\/\/www.atreus.de\/en\/publication\/case-studies-en\/cfo-and-cro-role\/","title":{"rendered":"CFO and CRO Role: Success at German Automotive Supplier"},"content":{"rendered":"<div  class=\"zw-cgb header-standard-block is-first-block desktop-has-image mobile-has-image default-margin white-color content-right content-down zw-atr-portrait-pos-default zw-atr-landscape-pos-default height-default \"><div class=\"row\"><div class=\"zw-cgb-content col-12 mx-auto\"><div  class=\"header-standard-inner-container\"><div class=\"bg-image\"><span class=\"copyright-image d-none d-lg-block\">\u00a9fotolia.com, Adkasai<\/span><img decoding=\"async\" class=\"respnsive-img d-none d-lg-block\" loading=\"lazy\" alt=\"atreus_\" src=\"https:\/\/www.atreus.de\/wp-content\/uploads\/2022\/03\/header-01-Automotive.jpg\" srcset=\"https:\/\/www.atreus.de\/wp-content\/uploads\/2022\/03\/header-01-Automotive.jpg 1920w, https:\/\/www.atreus.de\/wp-content\/uploads\/2022\/03\/header-01-Automotive-768x432.jpg 768w, https:\/\/www.atreus.de\/wp-content\/uploads\/2022\/03\/header-01-Automotive-1024x576.jpg 1024w, https:\/\/www.atreus.de\/wp-content\/uploads\/2022\/03\/header-01-Automotive-480x270.jpg 480w, https:\/\/www.atreus.de\/wp-content\/uploads\/2022\/03\/header-01-Automotive-1440x810.jpg 1440w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" style=\"aspect-ratio:1920\/1080 !important\" title=\"atreus_\"><span class=\"copyright-image d-lg-none d-block\">\u00a9fotolia.com, Adkasai<\/span><img decoding=\"async\" class=\"responsive-img d-lg-none d-block\" loading=\"lazy\" alt=\"atreus_\" src=\"https:\/\/www.atreus.de\/wp-content\/uploads\/2022\/03\/teaser-2u3-sp-01-Automotive.jpg\" srcset=\"https:\/\/www.atreus.de\/wp-content\/uploads\/2022\/03\/teaser-2u3-sp-01-Automotive.jpg 823w, https:\/\/www.atreus.de\/wp-content\/uploads\/2022\/03\/teaser-2u3-sp-01-Automotive-768x578.jpg 768w, https:\/\/www.atreus.de\/wp-content\/uploads\/2022\/03\/teaser-2u3-sp-01-Automotive-480x361.jpg 480w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" style=\"aspect-ratio:823\/619 !important\" title=\"atreus_\"><\/div><div class=\"preheadline-container\"><div class=\"zw-breadcrumb-container black-color d-md-down-none\"><\/div><p class=\" zw-cgb preheadline zw-prevent-animation\">Case Study<\/p><h1 class=\" zw-cgb headline zw-prevent-animation\">CFO and CRO Role at Global\u200b German Automotive Supplier\u200b<\/h1><\/div><div class=\"inner-content\"><p class=\" zw-cgb fulltext zw-prevent-animation\"><sub><code>210782<\/code><\/sub><\/p><\/div><\/div><\/div><\/div><\/div><div class=\"zw-breadcrumb-container black-color d-none d-md-down-block\"><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"label\">c<\/span> <a href=\"https:\/\/www.atreus.de\/en\">Home<\/a><span class=\"separator\"> c <\/span><a href=\"https:\/\/www.atreus.de\/publikationen-events\/\">Publikationen<\/a><span class=\"separator\"> c <\/span><span class=\"last\"><\/span><\/p><\/nav><\/div>\n\n    <div  class=\"zw-cgb    infoblock default-margin black-color  \">\n      <div class=\" row\">\n        <div class=\"zw-cgb-content has-padding col-12\">\n          <div class=\"inner-content parent-has-padding\"><h2 class=\" zw-cgb headline\">Restructuring, financing and crisis management secure stability for leading alloy wheel manufacture<\/h2><p class=\" zw-cgb fulltext \">An interim CFO took on CRO responsibilities at a leading automotive supplier. Through financial restructuring, insolvency proceedings and strategic realignment of the subsidiaries, the financing, liquidity and stability of the globally active company were successfully secured.<\/p><div class=\"link-container\"><\/div><\/div>        <\/div>\n      <\/div>\n    <\/div>\n\n\n<div  class=\"zw-cgb row  columnmaster020 default-margin \"><div class=\"columnmaster-inner-content g-0\">    <div  class=\"zw-cgb no-image-layout columnblock white-color has-icon  blue-600 \">\n      <div class=\"zw-cgb zw-cgb-content\">\n\n        <div class=\"column-content\"><div class=\"inner-content\"><div class=\"icon-container\"><span class=\"atr-icon\">q<\/span><h3 class=\" zw-cgb headline h4\">Company Details<\/h3><\/div><ul class=\"zw-cgb-ul fulltext \"><li class=\"\">World leading German manufacturer of light alloy wheels<\/li><li class=\"\">Turnover of approx. \u20ac1.2b<\/li><li class=\"\">Plants mainly in Europe and Africa<\/li><\/ul><\/div><\/div>      <\/div>\n    <\/div>\n    <div  class=\"zw-cgb no-image-layout columnblock black-color has-icon   \">\n      <div class=\"zw-cgb zw-cgb-content\">\n\n        <div class=\"column-content\"><div class=\"inner-content\"><div class=\"icon-container\"><span class=\"atr-icon\">p<\/span><h3 class=\" zw-cgb headline h4\">Situation and Challenge\u200b<\/h3><\/div><ul class=\"zw-cgb-ul fulltext \"><li class=\"\">Interim CFO initially intended as a bridging solution<\/li><li class=\"\">Due to new crises (impact of the coronavirus crisis and the war in Ukraine on supply chains, exorbitant increase in energy costs, insolvency of a plant), the CFO position has increasingly become a CRO\/restructuring position.<\/li><\/ul><\/div><\/div>      <\/div>\n    <\/div>\n    <div  class=\"zw-cgb no-image-layout columnblock white-color has-icon  blue-400 \">\n      <div class=\"zw-cgb zw-cgb-content\">\n\n        <div class=\"column-content\"><div class=\"inner-content\"><div class=\"icon-container\"><span class=\"atr-icon\">m<\/span><h3 class=\" zw-cgb headline h4\">Objective and Tasks<\/h3><\/div><ul class=\"zw-cgb-ul fulltext \"><li class=\"\">Restructuring of the financing structure through intensive discussions with banks, switch to matched maturity financing and introduction of new financing structures<\/li><li class=\"\">Realignment of subsidiaries<\/li><li class=\"\">Handle all day-to-day operations, including monthly and annual financial statements<\/li><li class=\"\">Advising the shareholder<\/li><\/ul><\/div><\/div>      <\/div>\n    <\/div>\n<\/div><\/div>\n\n<div id=\"parent57217\"class=\"zw-cgb halb-halb-headline-text-block-135 default-margin \"><div class=\"row\">    <!--  block -->\n    <div class=\"half-content has-padding col-lg-6 col-12 leftBlock order-1 blue-400 white-color has-icon has-headline \"><div class=\"icon-container\"><span class=\"atr-icon\">m<\/span><h3 class=\" zw-cgb headline\">Objective and Tasks<\/h3><\/div><div class=\"content-container\"><div class=\"inner-content parent-has-padding\"><ul class=\"zw-cgb-ul fulltext \"><li class=\"\">Communicating with banks\/ trade credit insurances, setting up factoring<\/li><li class=\"\">Securing cash in the form of new bank loans<\/li><li class=\"\">Operational handling of plant insolvency and support of OEMs\/suppliers in insolvency proceedings<\/li><li class=\"\">Reorientation of tax concepts and support during tax audits<\/li><li class=\"\">Suport in the selection of a new Group CFO<\/li><\/ul><div class=\"link-container\"><\/div><\/div><\/div><\/div>    <!--  block -->\n    <div class=\"half-content has-padding col-lg-6 col-12 rightBlock order-2 blue-900 white-color has-icon has-headline \"><div class=\"icon-container\"><span class=\"atr-icon\">x<\/span><h3 class=\" zw-cgb headline\">Results and Achievements<\/h3><\/div><div class=\"content-container\"><div class=\"inner-content parent-has-padding\"><ul class=\"zw-cgb-ul fulltext \"><li class=\"\">Implementation of new financing structures and approaches<\/li><li class=\"\">Timely preparation of special bank reports, long-term planning and annual and consolidated financial statements<\/li><li class=\"\">Secured financing from banks and trade credit insurances<\/li><li class=\"\">Training of the operational successor as Group CFO<\/li><li class=\"\">Successful handling of insolvency<\/li><\/ul><div class=\"link-container\"><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" 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