Why Every Company Needs a Divestiture Strategy — Insights from Wharton’s Emilie Feldman

For decades, business strategy has been synonymous with growth through mergers and acquisitions. But according to Emilie Feldman, Professor of Management at Wharton and author of Divestitures: Creating Value Through Strategy, Structure, and Implementation, companies that focus on M&A deals are overlooking one of the most powerful tools in their arsenal: a clear, proactive divestiture strategy.

In a recent conversation, Feldman unpacked why smart divestiture planning often outperforms M&A in value creation and why boards and executives looking to shore up their balance sheet should rethink their approach to shedding non-core assets.

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Fractional vs. Interim Executives: What Are the Differences and Which is the Right Path?

Interim and fractional leadership lies at the intersection of leadership gaps and the gig economy. They are the answer to the challenges organizations face in today’s dynamic business landscape. But what are the differences between the two approaches and which one is right for your organization? And which is the right future career path for you as a high-level executive?

Let’s break it down.

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Top 5 Qualities of a Great Interim CIO

When technology stalls or transformation fails, it’s rarely because of tools or code. More often, the root issue is leadership — misaligned, ineffective, or stuck in the weeds.

That’s where interim CIOs step in. The best ones don’t just manage systems. They stabilize teams, reset direction, and accelerate outcomes — often under immense pressure and tight timelines.

At InterimExecs, we work with elite interim leaders across the globe through our RED Team. We sat down with some of our top-performing interim CIOs to understand what separates the good from the truly great.

Here’s what we found:

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Leadership Accountability Isn’t What You Think: What Interim and Fractional Execs Must Get Right

In the world of interim and fractional executives, there’s no room for fluff. You’re dropped into a company mid-crisis, mid-turnaround, or mid-transformation. You’re expected to hit the ground sprinting—not just running.

So let’s talk about the word that gets tossed around like confetti but is often completely misunderstood: accountability.

We sat down with Sam Silverstein, founder of Sam Silverstein Enterprises and the Accountability Institute, and author of multiple books on leadership and culture, to unpack what accountability actually means—and why it matters more than ever for executives who lead without long-term guarantees.

Spoiler alert: It’s not about barking orders or micromanaging from the corner office.

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CIO vs CTO: What’s the Difference — and Which Do You Need?

In today’s fast-paced, tech-driven business world, knowing the difference between a Chief Information Officer (CIO) and a Chief Technology Officer (CTO) is more important than ever. If your company is experiencing rapid growth, going through a big digital transformation, or bringing teams together after an acquisition, having the right tech leadership can be a game-changer for your strategic success. And sometimes, the smartest move is to bring in an interim CIO or CTO to provide the expert guidance you need without rushing into a permanent hire before you’re completely ready.

So, what are the key differences between a CIO and a CTO? And how do you figure out which skillset your organization actually needs ? Let’s break it down so you can confidently decide when it’s time to bring in a CIO, when a CTO is the right call, and when an interim leader might be the perfect strategic advantage.

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Fraud Risk Management 101: How to Protect Your Business From Corrupt Clients and Employees

Maribeth Vander Weele once saved a client from a disastrous $250 million deal. The client was $90 million into the deal when intuition told him something was wrong and he hired her firm to do a fraud risk assessment. Ten days later, her firm had “put together enough red flags about that individual” that the client was able to withdraw from the deal without losing a dime. A year and half later, law enforcement investigated, shut down the company, and sent the leaders to prison, she says.

Wander Weele, whose company, The Vander Weele Group, now specializes in oversight of large-scale grant programs for government agencies, says that more people need to do “pre-diligence.” That is the deep dive into the background of the partners that will tell you whether they are people you want to do business with.

“People come to us when they have some intuition about a deal. Everything else looks good in the deal, but that intuition is kicking in. We deep dive the internet. We put together facts, dive through thousands of references to that individual or company, and put together a story of who this person really is,” she told Robert Jordan, CEO of InterimExecs in an interview.

In another case, her team investigated a company that grew from $27 million to $300 million very quickly — an unbelievable feat given the company’s limited infrastructure. Learning that requires looking beyond the usual data points of the financials.

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Manufacturing Challenges 2024: Defining and Dealing with Them

Manufacturers are grappling with a number of significant challenges in 2024. Some of them are new, some are left over from the pandemic, and some have been around for years. Here we list the top challenges facing manufacturers and our executives’ recommendations for dealing with them.

Labor Shortages

Identifying, recruiting, and hiring skilled workers is often cited as the No. 1 manufacturing industry challenge for 2024. Baby boomers hitting retirement age, a skills gap in areas like automation, and millennials’ demand for flexibility and remote work options all contribute to the challenge of hiring the right people for the manufacturing jobs of the future.

Interim CEO Tony Evers says companies can overcome this challenge. “Always focus on capability potential as this is the basis for growth – personal and business,” he says.

There are some tried and true ways to do that, says Ed Trevisani, an interim executive with extensive experience in business strategy, operations, and transformation.

Those include:

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FAQs: Is an Interim or Fractional CEO a Good Fit for My Company?

When we started matching companies in need with skilled interim executives 15 years ago, the main question people asked was: Why would an executive choose this career path? There’s absolutely no job stability. 

Fast forward 15 years. Now we’re in a gig economy. The idea that you can get specialized expertise for what you need right now is expected and common.

Despite that, questions remain. In this interactive webinar, InterimExecs CEO Robert Jordan and President Olivia Wagner go through the most frequently asked questions they hear from company owners, directors, investors, and managers. Or, if you prefer, scroll down for a written summary.

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Succession Conflict in Family Business: Pain is Unavoidable. Suffering is Optional.

When it comes to family business succession, pain is unavoidable. Even in the happiest, most loving families, there will be moments of disagreement and dissension. It’s unavoidable. That’s because the goal of a family is a loving relationship. But in business, goals must always include results, even if hard-fought. 

So the acknowledgement implicit in family business is: there will be pain. But suffering is optional.

That is the key message InterimExecs CEO Robert Jordan sends in this lively 7-minute video about family business succession conflict:

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Quality of Earnings Report: The Secret Weapon Buyers Won’t Tell Owners About

Are you planning to sell your company in the next year or two? 

If so, think about commissioning your own Quality of Earnings report — BEFORE you go to market. Why? Because your buyer will commission one. And it could mean you’ll be leaving money on the table.

A QOE is the business valuation standard prospective buyers use to determine a final purchase price for target companies. If you haven’t commissioned your own, you’ll by necessity be relying on the one your acquirer commissions.

As InterimExecs CEO Robert Jordan said in a recent webinar (scroll down to watch the 8-minute video), consider a middle market business owner who has signed a letter of intent agreeing to sell the company to a private equity fund for 10 times earnings. He believes EBITDA to be $10 million and expects to close for $100 million.

Then the acquirer commissions a QOE to ensure this is a solid investment decision. The report comes back with an adjusted EBITDA of $9.5 million. BAM! The closing price just dropped by $5 million.

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