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Turnaround directors advised to innovate

3 July 2009

Interim executives must be able to innovate if they are to be successful after the finale of the economic downturn, according to an industry expert.

Charles Russam, co-founder of the Interim Management Association, has suggested that the current purveyance of unemployed, highly-qualified board members is forcing specialised interim directors to take a different approach, Recruiter reported.

This larger availability of executives willing to fill interim positions has been facilitated by the global economic downturn, which has made some companies reluctant to secure senior-level staff on long-term contracts.

To counteract this trend, Mr Russam has advised interim managers to refresh their skills and technical knowledge in specific disciplines and form alliances with transitional directors with complimentary skills.

He told the website: "What interim mangers do now will be pivotal to their futures."

Last month, the industry specialist Clive Sexton claimed that interim management is a genuine career choice for high-level executives.

Categories: Board & CEO


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