Corporate restructuring can be a hard but necessary part of a corporation’s evolution. Once a company gets to a certain size or age, it can be easy for the employees to forget that the point of the business is ultimately to make money. As a company ages and evolves, the need for restructuring is essential to its very future. However, in order to make any kind of significant change to a multinational which will stick long-term, the key often lies in changing the fundamental culture of the organization.
This is the exact struggle Declan Guerin faced when he was hired as group chief restructuring officer at Rolls-Royce. Speaking at this year’s CFO Rising Europe Summit, he explored the inherent difficulties that arise when try…
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