Insights

How to hire an interim CEO

Hiring an interim CEO is fast: define a clear mandate and exit, give the role real authority, agree the fee and start within days. The whole point is speed and accountability.

By Niklas Lindahl, former CMO of LeoVegas and turnaround operator

In short

To hire an interim CEO, define a clear mandate and exit criteria, agree the authority the role will hold, set a results-linked fee, and engage a proven operator who can start within days. Unlike a permanent search that takes months, an interim CEO is selected on track record and availability and is in the seat almost immediately. The key is clarity on what success looks like before they start.

The direct answer

Hiring an interim CEO is not a recruitment process, it is an engagement. You are not building a long career fit, you are buying a specific outcome in a specific window. That means the brief, the authority and the exit matter more than culture interviews, and the timeline is days, not months.

What are the steps to hire an interim CEO?

Move through five steps quickly. Each one removes ambiguity that would otherwise cost you weeks once the interim is in the seat.

  • Define the mandate: stabilise cash, run a transaction, cover a gap, deliver a turnaround
  • Set the exit: what must be true for the engagement to end, and by when
  • Agree the authority: what the interim can decide alone and what needs the board
  • Check the track record: proven results in comparable situations, not a generic CV
  • Agree the fee and start date: day or monthly rate, results-linked upside, start within days

What should you look for in an interim CEO?

Look for an operator who has done the specific job before and can show the numbers. For a turnaround, that means cash and EBITA recovered. For a transaction, deal experience. For a leadership gap, a steady hand who can keep a team performing. Availability and a clean exit matter as much as the experience.

How fast can an interim CEO start?

A good interim CEO starts within days, sometimes within a week. There is no notice period to serve and no onboarding ramp of the kind a permanent hire needs. Speed is the entire reason the role exists, especially in a crisis or a sudden departure.

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Frequently asked questions

How long does it take to hire an interim CEO?

Days, not months. Selection is based on proven track record and availability, so a strong interim CEO can be in the seat within a week.

What should be in an interim CEO brief?

The mandate, the authority, the exit criteria and the deadline. Define what success looks like before the engagement starts.

Do you need a recruiter to hire an interim CEO?

Not necessarily. Interim CEOs are usually engaged directly or through an operator network, which avoids recruitment fees and saves weeks.

How do you measure an interim CEO?

Against the mandate: cash stabilised, EBITA recovered, transaction closed, or a clean handover to a permanent CEO by the agreed date.

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