Engagement
How an interim CEO engagement works.
Defined start. Defined exit. Four phases between them.
What is the engagement model?
Full-time interim CEO or fractional CEO depending on the situation. Engagement letter signed with the board or majority shareholder. Single point of accountability. Monthly retainer or day rate. Clear mandate, clear exit conditions.
Timeline
A typical six-month mandate. Compressed for crisis, extended for full turnarounds.
01 . Weeks 1-2
Assess
On the ground. Read the numbers. Meet the team, customers, lenders and key shareholders. Write the 100-day plan with the board.
02 . Weeks 3-6
Stabilise
Cash, commercial pipeline, top of org. Stop the bleeding. Set weekly cadence and a single source of truth for reporting.
03 . Weeks 7-20
Execute
Deliver the value-creation or turnaround plan. Hire or replace where needed. Move the metrics that matter.
04 . Final 4 weeks
Hand over
Recruit and onboard the permanent CEO. Transfer relationships, files and rhythm. Stay available for 30 days after exit.
Who does the interim CEO report to?
The board, the controlling shareholder or the lead PE partner. One reporting line. Weekly written update, monthly board meeting, ad hoc on material events.
How does the exit and handover work?
The exit is part of the mandate from day one. The interim CEO either hands to a successor recruited during the engagement or to the new owner after a transaction. Thirty-day post-exit availability is included.