Interim managers assume responsibility for results for their work in a line position. They leave the company or the occupied position as soon as they have solved the problem and a stable new corporate or divisional management has been established, or after the restructuring of the strategic business unit concerned. Interim managers can be deployed at all management levels.
Cases where interim assumption of functions and responsibilities is appropriate:
The use of interim capacities is associated with the following advantages:
Crisis managers or chief restructuring officers support the company in implementing a restructuring plan and achieving a turnaround. Key tasks include the creation of transparency, ongoing communication with the parties involved in the restructuring and the implementation of restructuring measures. Crisis managers/CROs are often given extensive authority to issue directives or assume responsibility for governing bodies.
The interim manager can be deployed at various points in a restructuring process. They can be deployed during the concept development phase, the implementation of immediate measures to safeguard liquidity, negotiations with stakeholders and during the implementation phase. Frequently, they provide support across all project phases. This has the advantage that responsibilities are defined at an early stage and information from the concept phase can be used directly in the further course of the project.
Corporate transactions often result in companies, operating units or departments being merged. Integration managers support the parties involved by designing preparatory measures and taking responsibility for implementing the integration plan. We accompany the integration process based on comprehensive methodical knowledge in project management and technical expertise in success-critical sub-areas.
Within the framework of an interim management assignment, we can cover the following activities, among others:
Temporary assumption of functional responsibility may also be required for numerous reasons other than those mentioned, for example in the case of special projects and personnel vacancies. Our interim managers have many years of specialist and management experience and provide support particularly in the areas of finance and accounting, controlling, internal auditing and even the position of CFO.
We can fill the following positions with experienced WTS Advisory experts or experts from our network:
If you are interested and have any questions, please do not hesitate to contact us.
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