According to abbreviationfinder, The term Interim CEO is made up of the English terms interim and CEO. Interim stands for in the meantime, CEO is the abbreviation for Chief Executive Officer. From this it can already be deduced what an interim CEO is: a managing director who has been appointed in the meantime. He or she assumes responsibility for the operation of a company for a limited period and, if necessary, for specially set goals or complex challenges.
While it is quite easy to imagine that positions in lower hierarchies can also be filled externally for a short time, the temporary employment of a manager seems rather unusual at first. However, hiring an interim managing director can be necessary and also useful:
What is an interim CEO needed for?
There can be various entrepreneurial reasons for the need for an interim CEO.
A transitional CEO is often required because the old managing director unexpectedly drops out completely or will not be available for a longer period of time. Especially with such important and crucial positions, it is the case that a suitable replacement should not be long in coming, but on the other hand it also has to be chosen conscientiously – but this usually requires a time-consuming recruiting process. The solution here is the use of an interim CEO. She or he will competently and reliably take on all the tasks that arise until a long-term replacement is found.
Special corporate goals & challenges
The use of an interim CEO can also be useful for the implementation of a specific project for which the permanent managing director lacks the appropriate experience or specialist knowledge. He also brings a neutral perspective to deadlocked business processes or complex problems and can provide new, valuable impetus through specialized expertise.
Furthermore, interim managing directors are also used for restructuring, reorganization, for a turnaround, the design of complex changes or for crisis management and self-administered insolvencies.
Do you also have a special entrepreneurial problem and are you temporarily looking for a strong, guiding hand? We at MC Executives offer you a solution through a highly qualified interim CEO – within just two days.
Which people become temporary managing directors?
The interim CEOs of professional intermediaries such as MC Executives are extremely qualified professionals with many years of experience in managerial positions. They have usually worked as managing directors in numerous different industries and therefore bring with them the relevant skills for a wide range of specialist areas. Interim CEOs are highly experienced and passionate, especially in crisis and change management, which is why they aspire to work as interim CEOs.
Interim managing directors work as freelancers for your company.
That is why it is worth employing an interim CEO
With an interim CEO, companies are not only well staffed for times of crisis or difficult phases of corporate development. A special talent of interim managers is that they quickly familiarize themselves with new areas of responsibility and can stabilize shaky conditions in a very short time by taking appropriate measures. To this end, the appointed CEO defines clear goals based on an in-depth company and performance analysis and, based on this, develops a mature strategy for the implementation of which he or she instructs employees in a targeted manner and controls, monitors and, if necessary, optimizes the implementation.
How do you find a suitable interim CEO?
The complex and high demands placed on a temporary managing director make the search for a suitable candidate extremely difficult. Not least because an interim CEO as well as a long-term established managing director contributes significantly to the success of the entrepreneur and represents it to the outside world. However, especially when an interim CEO is needed at short notice due to unexpected turns, there is no time for lengthy recruitment.
At MC Executives, we have already made a very fine pre-selection and place highly qualified executives who, in addition to extensive expertise, also have many years of relevant experience. Furthermore, our candidates are characterized by the fact that they have the necessary skills and strength of character, especially in the special circumstances of temporary management responsibility, to create acceptance and trust among the workforce.
Whether it’s a large corporation or a medium-sized company, whether for production, purchasing, logistics, quality management or HR : Due to our diverse personnel portfolio in the area of interim management, we have the right interim CEO with relevant industry knowledge for every individual concern, who leads companies out of difficult phases in a solid manner, specific Implements company projects in a target-oriented manner through suitable measures or reliably fills short-term vacancies .
Get in touch with us and let us advise you without obligation. If you wish, we can provide you with a suitable candidate who is immediately ready for action after just a few days. We are your partner for the tailor-made filling of temporary vacancies at all corporate levels.