Why We Need Chief Restructuring Officers For Digital Transformation

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Companies usually fail at digital transformation.  They need to restructure their technology organizations.  They need effective leadership and talented teams.  They need impact audits.  They need a Chief Technology Restructuring Officer.  Because business-technology needs a reset.  Just look at Tesla, Facebook and the Wall Street Journal.

Change, Not Chance

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Chief Restructuring Officers (CROs) usually have tough jobs:  they’re given “broad powers to renegotiate all aspects of a company’s finances to deal with an impending bankruptcy or to restructure a company following a bankruptcy filing … while CRO’s officially report to the company and its board of directors, they are considered to have greatly strengthened the hand of creditors since the CRO can make executive decisions … on occasional instances, the CRO can oust the chief executive officer (CEO) or President of the company, as happened in 2012 when Gregory F. Rayburn replaced Hostess Brands CEO Brian Driscoll as CEO a month after being appointed CRO.”  
A CRO for digital transformation (DT)?  Absolutely.  How many companies believe they’re technology organizations are as effective as they should be?  How many believe their DT investments have returned what they should?  How many are convinced they have the right team and the …

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