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Executives anticipate imminent recovery

14 August 2009

The global corporate recovery from the economic downturn will occur during the next nine months, according to a survey of international executives.

This news is likely to be welcomed by executives experienced in occupying interim management positions, as demand for director-level individuals capable of preparing companies for an upturn in fortunes increases.

Career management service provider BlueSteps conducted a survey among Association of Executive Search Consultant members, discovering that 23 per cent of respondents expect a recovery by the end of 2009, while 48 per cent anticipate an upturn in the first three months of 2010.

Della Giles, director of BlueSteps, suggested that executives should prepare to take advantage of the recovery.

She said: "As economists are announcing that the recession might be over, we are already seeing an increased optimism from both senior executives and search consultants worldwide."

The value of interim executives in the current economic climate was highlighted last week by the Interim Management Association, which said that transitional executives have the skills to make wide-scale changes within corporations quickly.

Categories: Board & CEO


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