What does an interim CEO do?
An interim CEO leads the business for a limited period of time and with a specific assignment. Examples of assignments can be to lead a turnaround, to drive growth, to fill a vacancy due to a sudden departure, or to enter new markets. The difference from management consulting is that an Interim Manager does not only analyze the situation but also implements the changes that are needed.

The advantage of being an interim is to be able to look at the business and what needs to be done completely objectively.
Let us know which challenges your business is currently facing!
Examples of CEO assignments
1. An interim CEO drives a transformation or turnaround
When a business is facing, for example, a change or turnaround, it is necessary to have the right skills on board. When running a turnaround, the CEO and management team sets the strategy to take the company from loss to profit. A turnaround often involves major changes in the organization, sharp cost reductions, and a focus on core values and key products or services.
Being ultimately responsible for a transformation can mean different efforts depending on the size of the business. In larger companies, this usually means strategic work where it needs to be ensured that middle managers have the right conditions to succeed with the change. Communication and transparency are of the utmost importance, as is also ensuring that all employees have the right conditions to succeed.
In smaller companies, the CEO is usually operational and actively drives the change together with the management team. Here, too, communication and transparency are the keys to success. An interim CEO enters the business with fresh eyes, a competence that is lacking internally, and with a long experience of transformations and leadership. An Interim Manager does not only analyze where the problems lie, but also drives the change and implements new working methods, processes, and structures. When the assignment is completed, a permanent CEO can take over a well-functioning business.
2. An interim CEO is a confident leader in business-critical challenges
With at least 15 years of experience in leadership and business-critical challenges, an interim CEO can enter a troubled organization and lead the business safely in the right way. He/she listens to the organization, and above all, communicates clearly and regularly about the changes that are taking place. This could be driving downsizing projects, and at the same time help and support those who lose their jobs to find new employers. In the event of a closure of the business, the interim CEO can also maintain motivation and commitment in the organization until the last day.
3. An interim CEO drives growth
When a company wants to grow or is growing organically, through acquisitions or international launches, an interim CEO achieves quick results in a short time through a well-developed strategy plan and implementation. An interim CEO knows which path is the right one, and which competencies are needed.
4. An interim CEO implements cost reduction programs
A cost reduction program is necessary, for example, when the business shows red numbers or is in an insolvency situation. An interim CEO has implemented cost reductions before and knows which processes and competencies that are crucial to be successful. He/she delivers results from day one and leads the team to set goals with clear milestones and clear communication.
5. An interim CEO supports in specific projects
Whether it is an IPO, implementation of new business systems, or a major organizational change, an experienced interim will lead the business safely to the set goals. An interim CEO knows what needs to be done and what skills are required to carry out the projects. After the projects have been completed, the Interim Manager hands over a well-functioning business to the new or incumbent CEO.
6. An interim CEO can fill a vacancy
When a CEO leaves the company, you cannot always wait for a permanent recruitment process that takes six months or longer. To engage an experienced CEO who has successfully led companies in the right direction several times before is, therefore, a good idea. In the case of sick leave or another vacancy, an interim leader takes over the business and leads it safely until the permanent role holder is in place. He/she can also act as a senior advisor to support the existing CEO in complex projects or in business-critical challenges.
Examples of when you may need an interim CEO
An interim CEO can be a safe and cost-effective alternative when a business is facing a change, a turnaround, integrations, implementations of new business systems, acquisitions, divestments, or when you need to fill a vacancy. An interim Executive can also support the existing CEO and management team in a specific project. This applies to both listed and privately-owned companies as well as in the public sector. By engaging an interim CEO, your business achieves quick results such as increased growth, implemented changes, or support during the time you are recruiting a permanent CEO.
Why can an interim CEO be crucial to overcome a challenge?
An interim CEO is a safe and cost-effective choice when the business is facing a growth journey or a turnaround, or when you need to fill a vacancy. An interim can also go in and support existing management in a specific project. An Interim CEO is a short-term injection, focusing on the assignment, and is invaluable for changes such as strategy projects or implementations.
As an Interim Manager, you shift to a higher gear to quickly find solutions, create results and deliver value. You can rest after completion of the assignment!
Quality, power and commitment
Management Factor has been supporting clients from a winde range of industries with interim management since 2001. As market leader, we stand for the highest quality of our services, both professional commitment and realisation strength. We offer Interim Management and Executive Interim Management solutions to critical and complex business challenges.
FAQ about Interim CEO
What roles can an interim CEO fill?
- Interim COO
- Interim Business Area Manager
- Interim Head of Division
- Interim Unit Manager
- Interim Country Manager
- Interim MD/GM
When do I need to hire an interim CEO?
- In the event of a transformation or turnaround
- If you need support with crisis management
- In case of growth, cutbacks, or closures
- In case of business concerns/lack of leadership
- If there is a need for support in specific projects
- In the event of a vacancy
Why choose to engage an interim CEO?
An interim CEO is a safe and cost-effective choice when your business is facing a growth trip or a turnaround, or when you need to fill a vacancy. An Interim Executive can also step in and support existing management in a specific project or sub-part.
By engaging an Executive Interim, your business in a short time achieves rapid results in the form of increased growth, implemented change, or as support during the time you recruit a permanent CEO.
Are you specialized within a special industry?
We cover and have experience in all industries within the commercial business excluding the insurance and financial sector.
Do you have Interim Managers across Austria?
Yes, we are active and have a network in the whole country.
Do you have international assignments?
Yes. We are part of the French Valtus Group, the European leader in Interim Management with subsidiaries in Sweden, Finland, Denmark and UK. And we are part of the Globalise Network, with partners in 15 countries.
How do I become an Interim Manager?
If you want to become an Interim Manager and be part of our network, contact us here. You are welcome to contact any of our employees if you have any questions or concerns.
How do I book a personal meeting with you?
You can either get in contact with us here and inform us that you would like to have a meeting with us, or you can contact one of our Talent Manager directly.
Can I get an assignment even if I’m in a permanent position with a notice period?
No, our assignments require an immediate start within 2-4 weeks. If you are interested in working as an Interim Manager but are a permanent employee, you are warmly welcome to contact us and we will tell you more, but you should have terminated your employment to be able to take assignments through us.
Do I need to have experience from Interim Management to work with you?
No, you do not have to have experience from interim assignments. There is always the first assignment! However, you need to have extensive experience in leading roles in your profession.
How am I visible in your database?
All candidates in our database are searchable on several different parameters. When we search for certain roles or qualifications, we automatically get a view of all the candidates and their CV’s. It is important for us to have a personal relationship with the interims we work with, and we have a good overview of our candidates.
I do not live in a large city, can I work as an Interim Manager anyway?
Absolutely, we have assignments across the country.
What background do I need to have to be an Interim Manager?
As an Interim Manager, you should have held leading roles for at least 15 years, preferably at a management team level. You must have a very strong experience of driving change and of leadership in complex environments and situations.