Interim CEO

DEFINITION of 'Interim CEO'

A person appointed by a company's board of directors to assume the role of chief executive officer during a time of transition or as the result of the sudden departure of the company's previous CEO. These CEOs are tagged with the "interim" tag due to the fact that they have not officially been given the title of full-time CEO. Like many industry leaders, interim CEOs are often called upon to "steady the ship" in periods of great turmoil.

BREAKING DOWN 'Interim CEO'

Although, traditionally, companies will call from their existing employee base when hiring an interim CEO, an increasing number of businesses are now bringing in interim CEOs from outside the firm. One of the reasons for this is that the skill set desired for interim CEOs is generally unique, as they are often required to manage a crisis situation, as opposed to the day-to-day operations of the company.

RELATED TERMS
  1. Chief Executive Officer - CEO

    The highest ranking executive in a company whose main responsibilities ...
  2. CEO Confidence Survey

    A monthly survey of 100 CEOs from a variety of industries in ...
  3. Interim Statement

    A public financial report covering a period of less than one ...
  4. Chief Operating Officer - COO

    The senior manager who is responsible for managing the company's ...
  5. Chairman

    An executive elected by a company's board of directors that is ...
  6. Interim Dividend

    A dividend payment made before a company's AGM and final financial ...
Related Articles
  1. Investing

    What CEOs Actually Do

    CEOs are responsible for the overall operation of a business, and are usually elected by shareholders and the board of directors.
  2. Personal Finance

    Justifications For High CEO Pay (AAPL, GE)

    CEOs tend to command sky-high salaries in America. Companies cite a number of reasons for this, but they don't always ring true.
  3. Active Trading

    The Best CEOs Listen To The Street

    Studies show that transparency and listening to the market are a winning combination for CEOs and the companies they run.
  4. Professionals

    8 Justifications For Sky-high CEO Salaries (AAPL, GE)

    Why are CEO salaries so astronomically high? There may be more to the story than you think.
  5. Personal Finance

    5 Top Paid CEOs

    The average American made around $51,600 in 2013, meanwhile, the average CEO made around 273 times more than their average employee.
  6. Markets

    Conference Board: CEO Confidence Survey

    By Chris Stone Contact Chris The opinions of companies' chief executive officers on the state of the economy can provide a valuable benchmark for traders and economists. In 1976, the Conference ...
  7. Investing

    Fat Cat CEOs

    A CEO can have a huge impact on a company's bottom line. Good CEOs can lift up a company through their leadership and management, while some CEOs do just the opposite. Learn about the fat cats, ...
  8. Options & Futures

    A Guide To CEO Compensation

    Make sure you assess whether a CEO has a stake in doing a good job for you, the shareholder.
  9. Investing Basics

    Do Superstar CEOs Guarantee Better Returns?

    Do great CEOs mean better returns for investors? Here are 14 stocks that show it might just start at the top.
  10. Professionals

    How To Become A CEO

    How do you become a chief executive officer? One step at a time.
RELATED FAQS
  1. How does a change in CEO impact stock price?

    Learn what effect hiring a new CEO has on the value of a company's stock. Explore which factors are most likely to influence ... Read Answer >>
  2. What is the difference between a president and a chief executive officer? Can there ...

    In general, the chief executive officer (CEO) is thought of as the highest ranking officer in a company while the president ... Read Answer >>
  3. What stock factors should you consider when a company makes a CEO change?

    Learn about factors affecting the price of stock following a change in CEO. Explore why a change in CEO may be positive or ... Read Answer >>
  4. Why is it less than ideal for a CEO of a company to also hold the position of COO?

    Learn the difference between a company's CEO and COO, and understand the division of labor that should be present between ... Read Answer >>
  5. What are the main communication points between a CFO and a CEO?

    Explore key communication points between CEOs and CFOs. Learn how each of these officers has a fiduciary duty to stockholders, ... Read Answer >>
  6. What are the different ways a CEO could influence stock prices?

    A CEO's influence on a stock price reflects the company's growth strategy and outlook, its financing needs and decisions ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center