Definition
Interim management (Latin ad interim, "in the meantime," "for the time being") is a temporary form of business management.
Interim managers assume responsibility for the results of their work in a line position or in projects. They leave the company or the position they have filled as soon as the problem has been solved, for example, once stable new company or division management has been established, or after completion of the project in which they were involved.
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 experience
doneProven leadership experience
doneExternal expertise / expertise transfer
doneCorporate policy independence
doneTarget- and results-oriented order processing
doneDefined calculation frameworks
occasions
There are many reasons for hiring an interim manager. In some cases, important positions need to be filled very quickly and yet in a targeted manner. For example, when a member of the management team is suddenly unavailable or leaves the company. However, many assignments can also be planned well in advance. For example, when it comes to taking on projects, providing support with company acquisitions, or taking on supervisory board mandates, an interim manager is a welcome source of expertise for the company.
SENATOR therefore has a pool of interim managers who can be deployed in a wide variety of situations. Examples of successful placements by SENATOR include the following areas:
donemanagement
donerestructuring
doneFilling vacancies and interim assignments,
that result in permanent employment
doneGrowth and optimization
doneProject & Program Management
doneMergers and acquisitions
doneCorporate policy independence
donechange management
donedue diligence
doneSupervisory board and advisory board mandates
occasions
There are many reasons for hiring an interim manager. In some cases, important positions need to be filled very quickly and yet in a targeted manner. For example, when a member of the management team is suddenly unavailable or leaves the company. However, many assignments can also be planned well in advance. For example, when it comes to taking on projects, providing support with company acquisitions, or taking on supervisory board mandates, an interim manager is a welcome source of expertise for the company.
SENATOR therefore has a pool of interim managers who can be deployed in a wide variety of situations. Examples of successful placements by SENATOR include the following areas:
Functions
Management/Executive Board or Senior Management We fill vacancies at C-level (CEO, CFO, CSO, CRO, etc.) and for positions as division/department heads, operations managers, or team leaders to ensure business continuity and for special tasks, such as restructuring.
Project and program management (PMO)
To support important business projects or programs (large-scale projects, transformation, restructuring), we provide you with experts who have proven implementation skills and a 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 assurance, and logistics/supply chain, as well as HR/human resources, finance and accounting, marketing & sales, and IT.
advisory board and supervisory board mandates Our database contains a large number of highly experienced former line managers at C-level. They are available not only for traditional interim management assignments for a specific period of time, but also for advisory board or supervisory board mandates.
C-level coaching and short-term expert assignments
In difficult decision-making situations, such as restructuring, far-reaching strategic decisions, and M&A, decision-makers often find themselves in a situation where they have no independent contact person within the company who is on an equal footing. This is where experienced interim managers with their extensive experience can be available as sparring partners or experts for short-term assignments.