Nordic Interim

Nordic Interim celebrates 20 years! Fredrik Hillelson, founder and CEO of Novare Human Capital, is also a co-founder of Nordic Interim. We asked him why he chose to invest in a company with a service that was largely unheard of. Founded in 2004, Nordic Interim was one of the first players within Executive Interim Management in the Nordic countries. Why did you decide to start a company within Executive Interim Management? “I founded Novare in 2001 (then owned by Investor AB) to work with recruitment, search, and education. I hadn’t heard about Interim Management before, but we had clients who needed very quick solutions. I discussed this with one of our competitors, Håkan Ekström at Odgers Berndtson, and we decided to start up a separate company together, which was something unique. Our idea was to find the right CEO with the right network who could build up the business where we would own one third each. Executive Search was growing, and we saw a great potential in Executive Interim Management as it offered something totally different, it was quicker and much more complex. Janeric Peterson was engaged to lead the company from zero to becoming the leading Interim Management provider in the Nordics. During our 16 years of working together, we have never had any issues even though we are operating in the same market.” What has happened since 2004? “20 years ago, there were only a few small players on the market in the Nordics, but Executive Interim Management was a pretty successful business in, for example, the BeNeLux, Germany, and France, and we were convinced that it would soon reach Sweden. Today it is an established career path for experienced leaders who excels in leading change. In 2020, we sold Nordic Interim to VALTUS - European Leader of Interim Management, the leading Executive Interim Management provider in Europe. Looking back on these 20 years, it is clear that it was a very brave and successful decision to start Nordic Interim! I am very happy that Håkan Ekström and I had the courage to start the company and that, thanks to Håkan, we managed to bring the pioneer Jan Eric on board. I will never forget his office at Investor, first floor, where it all began. Stacks of papers everywhere, but he had everything under control!" #interimmanagement #anniversary #transformation

Solving Private Equity Challenges with Executive Interim Management Private Equity firms encounter a significant hurdle in scaling portfolio company sales departments to drive revenue growth. This challenge demands efficient resource development and process optimization within a limited timeframe. Executive Interim Management emerges as a strategic solution to this dilemma. Key Challenges for Private Equity Firms: 1. Diversification: Private equity firms strive for a predictable revenue stream, often diversifying their portfolios across sectors. However, the emergence of technology-driven businesses presents new opportunities for diversification, prompting PE firms to explore sectors like technology, software, and data. 2. Strategic Partnerships and Profits: Traditionally, PE firms follow a buy-to-sell strategy, but this approach may lack efficiency. Flexible ownership strategies, wherein the firm holds onto a business to fuel growth, offer a more attractive alternative. This strategy appeals to investors and allows for greater control over business outcomes. 3. Efficient Deal Processing: Private equity firms face the challenge of processing numerous deals swiftly and effectively. Leveraging private-equity software for automated customer onboarding, screening, and qualification streamlines the deal selection process. 4. Due Diligence: Thorough due diligence is essential for evaluating investment opportunities and mitigating risks. Private equity firms must assess a target company's financial, legal, and management aspects meticulously. While competition among firms intensifies, maintaining diligence standards remains crucial for making informed investment decisions. Executive Interim Management presents a strategic approach for private equity firms to address challenges effectively. By leveraging interim management expertise, firms can optimize sales processes, navigate diversification opportunities, and conduct thorough due diligence, ultimately driving sustainable growth and maximizing returns on investment. #interimmanagement #executiveinterimmanagement #privateequity #businesstrategy

Overcoming Cultural Challenges in Restructuring with Executive Interim Managers Hajime Baba, CEO of our Valtus Alliance partner Clareza Partners in Japan, gives his insights on how to leverage restructuring through Executive Interim Management. Restructuring is inherently complex, but cultural differences amplify the challenges by influencing how employees and customers perceive change.   It is very difficult for foreign managers to determine whether an opposition to change is simply stereotypes or resistance to the change itself, or whether it is something that goes against the country's culture and values.   "In reality, it is often a mix. Especially in regions with unique cultures like Japan, these differences tend to be misperceived by overseas decision makers, and result in forcing changes that damage the company's customer relationships and competitive advantages." says Hajime Baba.   Executive Interim Managers can play a crucial role in such situations. They are experienced professionals who not only bring specialized expertise, objectivity, and leadership, but also an in-depth understanding of the local culture and values.   "Executive Interim Manager's role in restructuring is to be the catalyst for leading and facilitating changes that increase corporate value. Interim Managers enable organizations to overcome the challenges due to cultural differences and navigate the complexities of restructuring more effectively, ensuring a smoother transition and long-term sustainability." Hajime consludes. #executiveinterimmanagement #restructuring #leadership

Executive Interim Management has emerged as a strategic solution for organizations facing complex challenges, periods of transformation, or gaps in leadership. Interim managers bring a wealth of expertise and agility, helping businesses adapt, innovate, and achieve results in a short timeframe. Whether guiding through organizational change, providing specialized skills, or stepping in during critical transitions, their impact is often immediate and significant. Which of the following do you believe is the most valuable benefit of hiring an Executive Interim Manager?

From Diplomacy to Corporate Leadership – Insights from Christoph Vavrik on Executive Interim Management Having held leadership roles at Carlsberg Group, Danone, and Procter & Gamble across multiple countries, Christoph has a great knowledge about leadership and business challenges. Christoph is part of our Valtus Alliance partner CE Interim | Cross-cultural Executive Interim Management’s Advisory Board. Reflecting on the value of Executive Interim Management, he says that it is very beneficial to engage an interim when organizations have critical leadership gaps and need urgent solutions, for complex and time-limited projects, and when there is a lack of the right internal resources. As Executive Interim Managers are highly experienced and adaptable, delivering immediate impact without extensive onboarding, it is a good investment during challenging times. Their entrepreneurial spirit and operational focus enable fast, sustainable results, providing exceptional value. Read our interview with Christoph here: https://lnkd.in/dHkefkNw #executiveinterimmanagement #interimmanagement #business

Are you an available experienced CXO who started your career as a management/strategy consultant? We have many requests from clients needing Executive Interim Managers who has a background within management/strategy consultancy, and have then moved to operational roles on CXO-level. You need to have: - At least 5 years exprience as management/strategy consultant. - At least 10 years of experience of CXO-lever roles, used to work hands-on, driving change and implement complex strategies. If you have this background and are available for Interim Management assginments, please contact us! #executiveinterimmanagement #transformations #leadership

Restoring Financial Health: Five Key Strategies for Effective Cost Reduction Is your business facing financial challenges? When financial pressures mount, and your business begins operating in the red, quick action is crucial to reassure owners and investors. Effective cost reduction is essential for restoring profitability, but it requires a clear strategy and implementation. In many cases, internal resources may struggle to meet cost-reduction goals, leading to delays, increased expenses, or even project failures. Here are five proven strategies to streamline costs and improve financial health: 1. Optimize Production Costs Identify ways to allocate resources more effectively and implement optimized production processes. Enhanced efficiency can lead to significant cost savings and more consistent output quality. 2. Cut Administrative and Office Supply Expenses Administrative costs can often be reduced by scrutinizing office supplies and other operational functions. Identifying redundant expenses and introducing policies for resource management can free up funds for higher-impact areas. 3. Make Strategic Organizational Changes Reevaluate your organizational structure and make necessary adjustments to streamline decision-making and improve resource allocation. This can increase efficiency and reduce costs in the long run. 4. Embrace Digital Transformation Adopting digital tools and technologies can enhance your operational processes. Digitalization can reduce overhead, improve accuracy, and enable your team to focus on value-adding tasks. 5. Renegotiate Key Agreements Take a close look at agreements with suppliers, banks, and property owners. Negotiating more favourable terms can significantly lower fixed costs and provide more financial flexibility. While these strategies can deliver meaningful cost savings, achieving lasting financial stability also requires addressing the underlying issues that contribute to financial decline. Cost-reduction programs are mostly led by CEOs, CFOs, or PMOs, but if leadership itself is part of the problem, an external perspective is beneficial. To successfully steer a cost reduction and profitability improvement initiative, consider engaging an Executive Interim Manager with a successful track record in this field. Experienced cost-reduction experts bring the knowledge and objective insight needed to navigate the complexities and potential obstacles, securing that your business will regain financial stability and build a foundation for future growth. #interimmanagement #finance #transformation #businesstrategy

Today’s reading tip! Interesting article by Harvard Business Review .

Great insights from Bohuslav Lipovsky at CE Interim | Cross-cultural Executive Interim Management, one of our Valtus Alliance members!

From Diplomacy to Corporate Leadership – Insights from Christoph Vavrik on Executive Interim Management Christoph Vavrik's journey from diplomat to executive roles shows a unique blend of adaptability and cross-cultural expertise. Having held leadership roles at Carlsberg Group, Danone, and Procter & Gamble across multiple countries, Christoph has a great knowledge about leadership and business challenges. Reflecting on the value of Executive Interim Management, Christoph says that it is very beneficial when organizations have critical leadership gaps that need urgent solutions, for time-limited projects, and when there is a lack of the right internal resources. As Interim Managers are highly experienced and adaptable, delivering immediate impact without extensive onboarding, it is a good investment during challenging times. Their entrepreneurial spirit and operational focus enable fast, sustainable results, providing exceptional value. Read Valtus Alliance's interview with Christoph! #executiveinterimmanagement #interimmanagement #business https://lnkd.in/dUuqGChg