Interim Management - Having
held roles from CEO to CFO, Controller, and General Manager, Mr. Looney is well equipped
to step into your particular situation and immediately provide leadership and
support. All companies at one time or another find themselves in a position
where a popular CEO needs to be replaced without notice, or a CFO suddenly
resigns, or a key manager must take a leave of absence. Mr. Looney can step
into this role, reassure the remaining staff, contact clients, assure creditors,
and bridge the gap while the permanent replacement is recruited or the missing
team member can return.
The situations where engaging individual high level talent on a
"project" basis makes sense seems to grow each day as businesses
strive
ever harder to manage personnel costs ever closer to the margin. Besides the
obvious benefit of being able to quickly fill key management vacancies as longer
term solutions are sought, interim, or sometimes referred to as "portable
executives" can very cost effectively address temporary workload
fluctuations, such as pre - due diligence or post - integration flowing from
acquisitions, mergers, divestures, consolidations, or simply implementing and
training existing staff on new systems or procedures.
Especially of note is the observation that multi-national firms are showing
increased benefits and utilization of interim managers that are U.S. based for
assignments into the U.K., Scandinavia, and Europe due to the extremely high
costs of continentally based professionals. Even when airfare costs and
local expenses are considered, a U.S. based professional can often staff a three
week project at one third to one half discount over a similarly qualified
European based professional when measured in U.S. dollars.
A trend has also been observed for venture firms and asset managers to employ
a select few highly qualified professionals, on a project basis, to help
interface and nurture the younger high velocity startups in corporate
organizational areas that
traditionally get less attention. Almost like the old country doctor, Mr.
Looney can drop in and help prepare and implement budgets and business
plans, help source and oversea
accounting and administrative personnel, and act as a resource to help the
emerging business design systems and processes to insure timely and accurate
upstream reporting.
In addition, Mr. Looney's senior management experience and easy demeanor
makes him an excellent resource to examine issues and segments for senior
management and corporate boards when an independent opinion can help craft a solution to a complicated or awkward situation.
