India Incorporated is all set for mega investments, global expansion, heavy recruitments, massive fundraising, strategic alliances, mergers and acquisitions. During this critical phase, a new job profile has been created in the Indian industry _ an `Interim CEO. In a highly competitive, dynamically changing environment and ultra fastpaced hightech startups, companies cannot afford to waste months looking for a CEO. In between toplevel shakeups, Global Incorporated appoints Interim CEOs.

India Incorporated is in the middle of mega investments, global expansion, heavy recruitments, massive fundraising, strategic alliances, mergers and acquisitions. During this critical phase, a new job profile has been created in the Indian industry an `Interim CEO'. An interim executive is a person who gets appointed for an interim term period, when a present executive leaves the company and a search is on to find out a new executive. Generally, an Interim Executive has a specific task to handle within a shorttime period and a hefty fee is charged by him to accomplish the task. Finding out appropriate people for top positions in a company is a critical decision and can take a lot of time. Sometimes, it takes more than six months to find an appropriate person for the position of a CEO. But in a highly competitive, dynamically changing environment and ultra fastpaced high tech startups, companies cannot afford to waste months looking for a CEO. In between toplevel shakeups, Global Incorporated appoints Interim CEOs. They hire an extremely experienced executive to handle the immediate tasks at hand. The term of an interim CEO is generally about two months to two years.

A famous story is that of Enron when Steven Cooper was brought in as an Interim CEO at the troubled energy giant. Enron employed 20000 people and had 2500 active legal entities. The task at hand was a complete restructuring of Enron. There were mountains of problems to deal with and Steven Cooper with his nononsense style found exactly the right formula to lead the work out at Enron. In India also, there have been some examples of appointing Interim CEOs. One of the first few cases was that of Pramod Saxena's appointment at eFunds in late 1990s. Rajiv Tandon was hired from Syntel as Interim CEO at Technosoft. Ajey Singh was appointed as an Interim CEO at Credit Suisse First Boston to get the Indian operations off the ground and get all the regulatory clearances. Although these instances are a few right now, there is a good probability that they will increase in future.

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