CRO
/ˌsiː ɑːr ˈoʊ/
CRO is an acronym that can refer to Chief Restructuring Officer, Chief Risk Officer, or the country code for Croatia, depending on context.
Examples
- The CRO recommended tightening lending standards.
- The CRO issued a warning about exposure to volatile markets.
- Fans waved flags with CRO printed in bold letters.
- The shipping label included CRO as the destination country code.
- The athlete's jersey displayed CRO during the Olympic finals.
Meanings
Came into use in the late 20th century as corporate bankruptcies increased and specialized management roles emerged. The term reflects the need for leadership focused specifically on reorganizing troubled businesses.
Examples
- The board appointed a new CRO to lead the turnaround strategy.
- As CRO, she had full authority over asset sales and layoffs.
- The company brought in an external CRO after missing several debt payments.
- He served as CRO during the Chapter 11 proceedings.
- The CRO presented a revised business plan to creditors last week.
Gained prominence in the early 2000s following financial scandals and regulatory reforms like Sarbanes-Oxley, which emphasized risk oversight at the executive level.
Examples
- The CRO issued a warning about exposure to volatile markets.
- Every major bank now has a dedicated CRO.
- The CRO recommended tightening lending standards.
- She was promoted to CRO after leading the compliance overhaul.
- The CRO reported directly to the CEO and board.
Based on the French name for Croatia, Croatie, which is the basis for many three-letter country codes. Not derived from the English name.
Examples
- The athlete's jersey displayed CRO during the Olympic finals.
- The car had a CRO sticker at the rear, indicating its country of origin.
- In the tournament bracket, CRO advanced to the semifinals.
- The shipping label included CRO as the destination country code.
- Fans waved flags with CRO printed in bold letters.