Definition
Interim management (from the Latin ad interim, meaning „in the meantime“ or „for the time being“) is a form of business management that is limited in duration.
Interim managers take responsibility for the results of their work, whether in a line management role or on projects. They leave the company or the position they have filled as soon as the problem has been resolved – for example, once a stable new management team for the company or division has been established – or upon completion of the project on which they were working.
YOUR
Customer benefits
The benefits to clients of engaging an interim manager are wide-ranging 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
doneExtensive industry experience
doneProven leadership experience
doneExternal expertise / Knowledge transfer
doneCorporate independence
doneGoal- and results-oriented order processing
doneDefined costing frameworks
Events
There are many reasons for bringing in an interim manager. In some cases, key positions need to be filled very quickly, yet in a targeted manner. For example, when a member of the management team is temporarily unavailable or leaves the company. However, many assignments can also be planned well in advance. For instance, when it comes to taking on projects, providing support with company acquisitions or assuming roles on the supervisory board, companies often turn to an interim manager to bring specialist expertise into the organisation.
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
doneTemporary cover and interim assignments,
which lead to a permanent position
doneGrowth and optimisation
doneProject & Programme Management
doneMergers and Acquisitions
doneCorporate independence
doneChange management
doneDue Diligence
doneAppointments to supervisory and advisory boards
Events
There are many reasons for bringing in an interim manager. In some cases, key positions need to be filled very quickly, yet in a targeted manner. For example, when a member of the management team is temporarily unavailable or leaves the company. However, many assignments can also be planned well in advance. For instance, when it comes to taking on projects, providing support with company acquisitions or assuming roles on the supervisory board, companies often turn to an interim manager to bring specialist expertise into the organisation.
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
Management/Executive Board or Executive Committee
To fill vacancies on an interim basis to ensure business continuity and for specialist roles, such as in restructuring, we recruit at C-level (CEO, CFO, CSO, CRO, etc.) and for positions as division/department heads, operations managers or team leaders.
Project and Programme Management (PMO)
To support key business projects or programmes (major projects, transformation, restructuring), we provide you with experts who have the ability to deliver and a proven track record of project success.
Value-adding and control processes
Our extensive database of around 16,000 interim managers enables us to propose candidates at short notice for all key roles and the full range of possible assignments: including procurement, production, quality assurance and logistics/supply chain, as well as HR, finance and accounting, marketing & sales, and IT.
Appointments to advisory and supervisory boards
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 of a specific duration, but also to fill positions on advisory or supervisory boards.
C-level coaching and short-term expert assignments
In difficult decision-making situations – such as restructuring, far-reaching strategic decisions or M&A – decision-makers often find themselves in a position where they have no independent counterpart within the company with whom they can engage on an equal footing. This is where experienced interim managers, with their extensive expertise, can step in as sparring partners or experts for short-term assignments.