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Interim Manager (Deputy CEO) in place within 8 days

Rapid recruitment of a replacement for the CEO of the new subsidiary

A Swedish industrial group had just completed the acquisition of a smaller competitor in another Nordic market. Shortly after the acquisition was finalized, the company decided to quickly recruit a replacement for the new subsidiary’s CEO. After three months of unsuccessful searching, they decided to bring in a temporary interim CEO through Scandinavian Executive.

The industrial group had a number of key requirements: The interim manager was to be on site within one business week in order to minimize disruptions to operations. Furthermore, the interim manager was to have experience in developing a company’s sales operations and in initiating and driving small-scale streamlining programs. In addition, the prospective interim manager was to support the current CFO in monitoring the company’s financial assets, securing liquidity, and broadening the company’s access to external sources of financing. This was to be done while taking the first steps toward implementing the parent company’s value-driven leadership and business objectives. All without causing any disruption or interference to operations.

Scandinavian Executive, which has a number of highly experienced former CEOs in its network, was able to introduce the parent company’s board chair to four highly experienced interim executives that very same day. One of them was selected and began the assignment, which was set to last four months. Result: After three months, the recruitment process was halted because the group board was so satisfied with the interim manager in question that he was appointed as the new acting CEO of the subsidiary.

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