Interim CEO Contract and Compensation: Advice for Executives Considering Transitional C-level Roles

One week ago , on Wednesday March 27, 2024, the executive career advancement website IvyExec published an article I wrote,  “Interim CEO Contract and Compensation: Advice for Executives Considering Transitional C-level Roles”.   

This article was designed for CEOs and other senior executives, who have been offered, are seeking or are now considering taking Interim CEO or transitional C-level positions.

The Interim CEO or other C-level transitional role may be one of the following:

• company insider from the Board or current executive suite or a current consultant to the Company, as Interim CEO or C-level transitional officer, chosen in part for familiarity with the company and essentially to  be a placeholder until the new CEO can take up his or her duties
• executive outside the company recruited to fill that role, someone with a name in the field to maintain the position of the company in the eyes of analysts and investors until the search for a new CEO is completed and the replacement installed
• an executive hired or recruited not just as a placeholder but as a true Turnaround CEO or C-level officer,  who is being brought in to “right the ship” when a company is in turmoil, unprofitable or otherwise not performing to the desired level.

This article discusses the different roles each would play as Interim CEO or Turnaround CEO and the different terms each should seek in employment, compensation, severance,  equity, disclosure and indemnification from the company that needs their services.

To see my full article, go to LINK:   https://ivyexec.com/career-advice/2024/interim-ceo-contract-and-compensation-advice-for-executives-considering-transitional-c-level-roles

or my website, go to LINK:  https://www.executiveemploymentattorney.com/interim-ceo-contract-and-compensation-advice-for-executives-considering-transitional-c-level-roles/

IvyExec hosts articles and webinars from experts in the career, leadership, and business spaces who wish to share their knowledge with our audience. In April 2021, I was invited to write for IvyExec since it seeks original content on the topics of career development, leadership, and business strategy as it applies to senior-level and C-Suite professionals. IvyExec blog posts and webinars are shared with its community of more than 2 million members on its website, in its newsletter, and on its social media channels. https://www.ivyexec.com/career-advice/write-for-us/
IvyExec claims a “Community of 2.5M+ Leaders”.  See also – https://www.ivyexec.com/

It is my hope this article will be helpful to CEOs, C-level and  senior executives who are seeking or considering taking an interim, turnaround or other transitional position with your current company or a new company.  If you or any colleague of yours has a need in this area, please do reach out to me at rob@attorneyadelson.com or call me @ 617-875-8665.