Interim Management
Experience is the best partner when circumstances conspire to impose the need for an interim C-level business-building operating executive who can deliver frontline leadership to collaborate with management in addressing operating challenges.
Sometimes a change in management is required but unnecessarily delayed due to the perceived lack of a suitable replacement. And sometimes a crisis develops pursuant to a bankruptcy or receivership or when there is a vacuum created by an unforeseen departure. EGI provides operating managers and catalytic energy to bolster management and boost performance during times of transformation or transition. In cases where company bench strength is thin or a particular skill set or expertise is a smart choice, then an interim EGI operating manager with fiduciary responsibility may be appropriate. Our interim managers can step in to fill a void in an acquisition and assist in recruiting their replacement, bring stability to a company going through an unexpected transition in management, deliver the necessary skills to execute in a crisis, turnaround, or receivership situation, or to keep a business running smoothly through an exit strategy.
EGI’s interim managers have operating experience at the highest levels and in every functional area. Therefore, even while interim, our work is realistic and actionable, thus producing lasting results. The list of our representative engagements indicates the broad spectrum of positions our Advisors have managed.
Many clients have turned to EGI interim managers for:
- Turnarounds, acquisitions, divestitures, or mergers
- Executive vacancy during a transition or transformation
- “Term insurance” to guard against the uncertainties of transition and transformation
- Temporary management of high priority opportunities such as working capital management, business development, infrastructure reorganization, systems implementation, international sales/sourcing, or manufacturing initiatives
- Rapidly building a professional financial management team
- Avoiding bankruptcy or navigating through and emerging from it
- Receivership
