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Interim management 'becoming increasingly necessary'
Demand for interim management skills is on the rise, it has been suggested.
According to FTI Consulting's interim management division, companies are increasingly looking for turnaround specialists.
Speaking to the Financial Times, Greg Rayburn, head of FTI Palladium Partners, noted that while the impact of the financial crisis may have lessened in some areas, generating liquidity can still be a problem for businesses.
As such, he pointed out, interim managers are increasingly being sought by firms that need to obtain new money.
Mr Rayburn commented: "Companies have to create their own oxygen. If you can't do that on your own you are pretty much headed for liquidation."
He went on to say that while "there are a lot of people who can retrench a business", those who are actually capable of turning a company around are really few and far between.
Categories: Board & CEO