Definition
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:
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Flexibility and efficiency
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Additional resources
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Short-term availability
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Many years of industry knowledge
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Proven leadership experience
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External know-how / know-how transfer
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Corporate political independence
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Target and result-oriented order processing
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Defined 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 planned well. 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:
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Management
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Restructuring
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Vacancy bridging and interim assignments,
that result in a permanent position -
Growth and optimization
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Project & program management
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Mergers & Acquisitions
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Corporate political independence
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Change management
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Due diligence
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Supervisory 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 planned well. 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 member 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.
