November 26, 2024

InterimExecs Becomes Exclusive U.S. Partner for the Global WIL Group

InterimExecs Becomes Exclusive U.S. Partner for the Global WIL Group

InterimExecs has joined the WIL Group (Worldwide Interim Leadership) as the exclusive U.S. partner. This collaboration is a strategic move to leverage a global network of expertise. It marks a significant step in expanding InterimExecs’ reach and service offerings, bringing greater international opportunities to U.S.-based clients and executives.

“We were intrigued to learn about a global organization of interim management firms, and now we can expand our service offerings and collaborate on a global scale,” said Robert Jordan, CEO of InterimExecs.

InterimExecs’ WIL Group partnership comes at a time when the U.S. interim management market is poised for significant growth. As interim and fractional leadership solutions become more widely adopted across industries, the ability to offer global resources will be a key differentiator.

“The U.S. is a strategic priority for the WIL Group and its future growth. The concept of interim management is growing and expanding exponentially in the U.S. and becoming a key business solution alongside management consultancy. For five years, we have looked for the right partner in the U.S. and we finally found it in InterimExecs, Olivia Wagner, Bob Jordan and team,” said Jason Atkinson, Director and Co-Founder Member, WIL Group. “We spent time together in London with Bob during the summer (2024) in order to build trust and ensure alignment with values and value proposition. We wholeheartedly welcome them to the WIL Group.”

Read More

November 25, 2024

What Are Core Values and How Do Yours Inform Your Worklife?

What Are Core Values and How Do Yours Inform Your Worklife?

Core values are the fundamental beliefs, principles, and ethical standards that guide a person’s actions and decisions. They define what is important and provide a sense of purpose and direction. Understanding our own core values and how they impact our decisions and how we interact with others is critically important to understanding how we approach our daily lives and why we make the choices we make.

In the workplace, that means understanding how we react to others, how we manage employees, and why workers who feel the organization’s policies and expectations run counter to their core values suffer “moral injury.”

InterimExecs CEO Robert Jordan invited his business coach, Brett Morris, to sit down for a chat to learn what a core value is, why they are non-negotiable, why our core values are unique to us, what happens when our core beliefs are in conflict with those of other people, and what happens when we believe someone has violated our core values.

Read More

November 19, 2024

How to Perfect Your Personal Elevator Pitch in 3 Easy Steps

How to Perfect Your Personal Elevator Pitch in 3 Easy Steps

Melissa Harris is a newspaperwoman-turned-marketing-exec who has perfected her elevator pitch and wants to help you perfect yours as well.

InterimExecs Chief Executive Officer Robert Jordan knows that the thousands of interim and fractional executives he has spoken with over the years need this. In fact, Jordan needed it himself. So he invited Harris, CEO of M. Harris & Co. to a Zoom chat during which she offered a Master Class on how executives can be far more effective in talking about themselves.

Here’s her 3-step approach to introducing yourself in a short, powerful, memorable way.

Read More

November 12, 2024

Anatomy of a Business Turnaround: A Master Class with Paul Fioravanti

Anatomy of a Business Turnaround: A Master Class with Paul Fioravanti

Paul Fioravanti is a veteran interim executive. He is a turnaround expert who has been in some 90 engagements across 40 industries — as a CEO, COO, CTO (Chief Transformation Officer, CRO (Chief Restructuring Officer), General Manager or President.

So he knows a thing or two about how to get things done.

In our most recent Master Class video, InterimExecs CEO Robert Jordan talks with Fioravanti about his turnaround process and, in particular, his experience turning around Avara Pharmaceuticals.

Avara is a private equity-backed Big Pharma rollup that posted a loss of $45,000 and faced an imminent cash crisis and looming insolvency before Fioravanti came in as interim Chief Executive Officer. Thirteen months later, the company was $32 million positive and had achieved financial stability.

Here’s how he did it.

Read More

October 22, 2024

Why You Need a Chief Technology Officer Even If You Are Not Running a Tech Company

Why You Need a Chief Technology Officer Even If You Are Not Running a Tech Company

Chief Technology Officers are most closely aligned with tech startups and software developers. But those are far from the only use cases for adding a chief technical officer to the C-suite.

The reality is that every company today is a technology company. At the very least, the company likely has a website, digital customer contact information, and some type of software solution to manage finances, inventory or other data. Plus, as any conscientious business owner will tell you, there are those niggling worries that can keep them up at night — things like wondering whether the company is vulnerable to a cybersecurity attack that will release their customers’ private data to the universe.

Does that mean you need to hire a full-time Chief Technology Officer or Chief Information Officer? Not necessarily. But you definitely need someone who has the strategic insights and decision-making power to manage the rapidly evolving technology landscape. If you don’t yet need or can’t justify hiring a full-time CTO, a part-time or fractional CTO or CIO can oversee your tech needs at a far lower cost.

But, first, let’s look at the role of a CTO in technology management.

Read More

September 27, 2024

My CFO Just Quit. What Should I Do Now?

My CFO Just Quit. What Should I Do Now?

So your Chief Financial Officer just announced plans to leave. If you’re lucky, it’s a planned retirement several months in the future, giving you the time and space you need to conduct a thorough search for exactly the right new CFO. The stock market will have time to digest the news, the finance department staff and leadership team will get comfortable with the idea of a pending transition, and the bankers will remain calm.

But, what if the CFO leaves unexpectedly? It happens. Perhaps the departing CFO is leaving for health reasons. Or has taken a new position. Or is simply burned out after guiding the company through a pandemic, inflation, global uncertainty, and political upheaval.

Whatever the reason, you’re in a bind. You need to act fast to keep everyone calm — investors, stockholders, bankers, employees, the financial watchdogs who oversee public companies.

Read More

September 17, 2024

How to Build a Better Board of Directors in 4 Easy Steps

How to Build a Better Board of Directors in 4 Easy Steps

“A world of no surprises.” That is the lofty goal of private equity investors Eli Boufis and Steve Thompson when they take on a new company. It involves open communication with the CEO – including reminders of how much money they can make if the acquisition succeeds – and a plan to build a better board of directors.

Building a better board of directors is a four-part process:

Read More

September 5, 2024

The Low-Hanging Fruit for Fixing a Poorly Performing Board of Directors

The Low-Hanging Fruit for Fixing a Poorly Performing Board of Directors

Much has been written about board governance best practices. Much less information is available to help you figure out how to fix a board that isn’t delivering peak performance.

InterimExecs CEO Robert Jordan interviewed two experienced private equity investors, Eli Boufis and Steve Thompson, to talk about how to build a better board of directors.

To start, they believe board composition should include independent directors — people who are employed neither by the company nor by the private equity fund — to ensure effective governance. But, they noted, there are six ways independent board members come up short on corporate governance.

Helping them improve on these six issues is the “low-hanging fruit” of improving board effectiveness, they say.

Read More

September 1, 2024

11 Things to Expect from an Interim Leader During Their First 30 Days on the Job

11 Things to Expect from an Interim Leader During Their First 30 Days on the Job

So you’ve decided to bring in an interim executive. Perhaps you need to temporarily fill a leadership role while you conduct a thorough search for a new permanent hire. Or maybe you need an experienced leader to spearhead a new initiative or helm the launch of a new product. Or maybe your company is in crisis and you need a turnaround expert to right the ship.

Whatever the reason you have chosen to bring on an interim executive, you are about to work with someone who works differently. That’s because interims are wired for action.

Here are 11 things to expect from an interim executive during their first 30 days on the job.

Read More

August 30, 2024

What is an Interim Manager? An Executive Who Delivers Change (Fast)

What is an Interim Manager? An Executive Who Delivers Change (Fast)

What is an interim manager? The easy answer is that an interim manager is an experienced executive who takes short-term assignments. But a highly-skilled, rock-star interim executive is so much more than that.

“It’s badly understood…and a lot of companies don’t understand when to fully use us,” said one experienced interim executive. “We are there to bring change, to shake things up, and to deliver projects that internally couldn’t be done before.”

And then they do something a traditional full-time executive likely wouldn’t even consider: They leave.

That’s because a true interim executive is wired for change. For challenge. For making a difference.

Read More