Archive for the ‘Ember’ Category

Four Cases When Hiring an Interim CEO Makes Sense — Even for a Young Startup!

10 October 2012

Number 4

I’ve done 10 interim CEO / interim COO gigs during the last 10 years.  In my view, there are four cases when hiring an interim CEO make sense:

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  1. For The First 3 – 18 Months of a Startup: As detailed in this post (which in turn was prompted by a post from Flybridge Capital Partners venture capitalist Michael Greeley’s) there are times when hiring an interim CEO at the formation of a startup makes sense.  Adding the experience of a senior, successful entrepreneur to the passion and vision of the founding entrepreneurs can increase the likelihood of the venture’s success.  (This is the role I played at Ember Corporation.)
  2. Helping a Founding CEO: Often, later in a startup’s life, a founding CEO can use help.  Rather than terminating the founder and “throwing the baby out with the bath water,” a better solution might be to bring in an interim COO to counsel the founder, and – in many cases – to actually (more…)
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Report: 8 Cases When VC’s / Boards Should Hire An Interim CEO

25 February 2010

The Economist recently reported that venture capitalists and boards of directors of European companies are far ahead of their US counterparts in understanding when it makes sense to hire an interim CEO.  Now, a new report out of the UK – which has perhaps the most sophisticated interim management services in the world – details eight cases when a board should consider putting in an interim CEO.

I’ve listed them below, but first three other key points from the report:

  1. Interim CEOs are not consultants; rather, they are hands-on workers.
  2. Interim CEOs are not potential employees; the good ones do interim work as a way of life (and not as a “filler” until a poor economy improves.)
  3. Interim CEOs can be taken into the confidence of a board (as an interim person has the advantage of impartiality.)

The report also talks about why younger and younger executives are turning to interim management as a way to achieve a more flexible and rewarding career.  While delivering significant benefits to the client, interim managers provide themselves with (more…)

The Economist: “Why Many USA Companies Now Hire Interim CEOs.”

30 December 2009

The Economist has a great article about the type of work I’ve been doing for ten years, Interim CEO. The piece addresses why many American companies are now adopting a practice that originated in Europe, and why so many top-notch execs are enjoying these temporary CEO jobs.

The Economist postulates that “interim executives may be the wave of the future in all rich countries, as these countries evolve from what Peter Drucker called a ‘society of organizations’ into a ‘society of networks.’”

Why Companies Do It

The article details three reasons why a company might choose to (more…)