When a CEO retires or falls ill, who will run your organisation while you find a replacement?

If your organisation has been left without leadership, some boards feel tempted to rush the process, which increases the risk of a bad hire. 

Finding a Replacement

Doing due diligence when finding a new CEO can take months. Whilst HR consultants might produce a good shortlist of candidates, certain softer skills may not show up in CVs or interviews.

Hiring a CEO who is a poor fit for your organisation can cause:

• Friction with members of staff due to differences in organisational culture
• Talented staff to seek employment elsewhere
• Your organisation to be tied into an expensive contract with a CEO who is harmful to your business.

An Interim CEO

A temporary CEO can take care of day-to-day operations while you do due diligence and find the right replacement. There are no obligations beyond the length of the negotiated contract, and you can hire in the expertise you need for as long as you need it.

Cut Risk – Give yourself time to do due diligence during the recruitment process and find the right replacement.

Get Around Office Politics – Hire an impartial interim CEO with no vested interest other than the success of the transition period. Their reputation depends on it.

Can Be in Place Within Days – Without the long-term obligations of a full-time member of staff, an interim executive can be recruited and in place within days.