Definition
Interim management (Latin ad interim "in the meantime", "temporarily") is a type of business management that is limited in time.
Interim managers assume responsibility for results for their work in a line position or in projects. They leave the company or the occupied position as soon as the problem is solved, for example a stable new company or division management is established, or after completion of the project in which they were active.
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Customer benefits
The customer benefits of using an interim manger are manifold and are typically oriented towards 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 costing 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 the 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 over projects, supporting company acquisitions or taking over supervisory board mandates, an interim manager is happy to bring know-how into the company.
SENATOR therefore has a pool of interim managers who are deployed for a wide variety of occasions. Examples of successful appointments 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 optimisation
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Project & Programme 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 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 the 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 over projects, supporting company acquisitions or taking over supervisory board mandates, an interim manager is happy to bring know-how into the company.
SENATOR therefore has a pool of interim managers who are deployed for a wide variety of occasions. Examples of successful appointments by SENATOR include the following areas:
Functions
Management/executive board or management
To bridge vacancies in order to maintain business continuity and for special tasks, for example in restructuring, we fill at C-level (CEO, CFO, CSO, CRO, etc.) and for positions as division/department heads, operations or team leaders.
Project and programme management (PMO)
To support important entrepreneurial projects or programmes (major projects, transformation, restructuring), we provide you with experts with implementation power and proven project successes.
Value-creating 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/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. They are available not only for classic interim management assignments of a certain duration, but also for advisory board or supervisory board mandates.
C-level coaching and short-term expert assignments
In difficult decision-making situations such as restructurings, strategic decisions of great significance, M&A, decision-makers often find themselves in the situation of not having an independent contact person at eye level within the company. This is where experienced interim managers with their wide-ranging experience can be available as sparring partners or experts for short-term assignments.
