A subsidiary is losing money and needs a turnaround leader now.
I take the country or general manager seat, get control of cash and legacy liabilities, strip out cost that earns nothing, and rebuild the commercial engine so the business stands on its own.
Done before: at Proton Indonesia I took over a loss-making US$38 million subsidiary and returned it to profit, settling US$1.2 million of debt in the first year and cutting OPEX 11 percent.