Definition of
Interim management (Latin ad interim "meanwhile", "for the time being") is a temporary type of business management.
Interim managers take responsibility for the results of their work in a line position or in projects. They leave the company or the occupied position as soon as the problem has been solved, for example once a stable new company or division management has been established, or once the project in which they were involved has been completed.
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Customer benefits
The customer benefits of using an interim manager are manifold and typically depend on the purpose of the assignment in the specific situation. In addition, interim management offers the following advantages in particular:
doneFlexibility and efficiency
doneAdditional resources
doneShort-term availability
doneMany years of industry knowledge
doneProven leadership experience
doneExternal know-how / know-how transfer
doneCorporate political independence
doneTarget and result-oriented order processing
doneDefined calculation framework
Occasions
There are many reasons for using an interim manager. In some cases, important positions need to be filled very quickly and yet in a targeted manner. For example, if a member of management is absent at short notice or leaves the company. However, many assignments can also be well planned. For example, when it comes to taking on projects, supporting company acquisitions or taking on supervisory board mandates, an interim manager is a great way to bring know-how into the company.
SENATOR therefore has a pool of interim managers who are deployed in a wide variety of situations. Examples of successful placements by SENATOR include the following areas:
doneManagement
doneRestructuring
doneBridging vacancies and interim assignments,
that result in a permanent position
doneGrowth and optimization
doneProject & program management
doneMergers & Acquisitions
doneCorporate political independence
doneChange management
doneDue diligence
doneSupervisory board and advisory board mandates
Occasions
There are many reasons for using an interim manager. In some cases, important positions need to be filled very quickly and yet in a targeted manner. For example, if a member of management is absent at short notice or leaves the company. However, many assignments can also be well planned. For example, when it comes to taking on projects, supporting company acquisitions or taking on supervisory board mandates, an interim manager is a great way to bring know-how into the company.
SENATOR therefore has a pool of interim managers who are deployed in a wide variety of situations. Examples of successful placements by SENATOR include the following areas:
Functions
Managing director/board of directors or executive management
We fill vacancies at C-level (CEO, CFO, CSO, CRO, etc.) and for positions as division/department heads, operations or team leaders to ensure business continuity and for special tasks, for example in restructuring.
Project and Program Management (PMO)
To support important corporate projects or programs (major projects, transformation, restructuring), we provide you with experts with implementation skills and a proven track record of project success.
Value-adding and controlling processes
Our extensive database of around 16,000 interim managers enables us to propose candidates at short notice for all key functions and the entire range of possible tasks: for purchasing, production, quality management and logistics/supply chain as well as HR/personnel, finance and accounting, marketing & sales and IT.
Advisory and supervisory board mandates
Our database contains a large number of highly experienced former line managers at C-level. These are not only available for classic interim management assignments for a specific period of time, but also for filling advisory or supervisory board mandates.
C-level coaching and short-term expert assignments
In difficult decision-making situations such as restructuring, major strategic decisions and M&A, decision-makers often find themselves in the situation of not having an independent contact person at eye level within the company. Here, experienced interim managers with their extensive experience can be available as sparring partners or experts for short-term assignments.
