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Odgers: Interim non-executives 'crucial'

15 July 2009

Interim non-executive directors are playing a crucial role in many businesses recovery strategies, according to the UK's leading search firm.

Odgers Interim has published a paper on the value that transitional board members can bring to an organisation in both the public and private sectors, particularly during periods involving takeovers, succession planning and strategic realignment.

The role that interim directors play in the present economic climate has been debated widely within the executive recruitment industry - with the business services specialist Clarendon Group suggesting that its benefits are particularly advantageous during financial downturns.

Identifying that interim non-executives should have relevant experience within corporations with similar cultures and expertise, Odgers suggested that these independent advisors often leave businesses more productive than when they arrived.

James Meynell, a consultant at Odgers Interim, wrote: "A growing number of businesses are turning to interim directors to advise the main board during a critical turn in their fortunes."

Odgers Interim is a division of Odgers Berndtson, which has recruited senior management for a number of organisations, including Manchester United and Fortnum and Mason.

Categories: Board & CEO


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