MTI Executive Search launches ‘Interim CEOs & CFOs’

Wednesday, 2 October 2013 00:00 - - {{hitsCtrl.values.hits}}

Helping Sri Lanka businesses to find Interim CEOs and Interim CFOs is the latest service launched by the Executive Search arm of MTI HRM Solutions. It is an innovative and breakthrough solution that is based on international best practices in mature markets and the growing need in emerging markets like Sri Lanka.

"When a company is confronted with the challenge of finding a CEO or a CFO, it is a decision that requires prolonged deliberations to ensure the right fit. Therefore, it not a process that can be rushed and requires quality thinking time at the Board level. However, given the commercial pressures that businesses encounter today, there is always the time pressure to fill such positions, which can lead to rushed decision. In such situations, the concept of an Interim CEO or CFO would be an ideal solution, where the transition mandate is clearly defined," said Darshan Singh, MTI's Senior Regional Consultant for HR and Executive Search Petrina Gomez, who manages the MTI's Executive Search practice in Sri Lankan claims that MTI's HRM Solutions has access to a large pool of experienced CEOs and CFOs in Sri Lanka as well as Sri Lankan Expats willing to undertake short-term assignments in Sri Lanka. She also says that short-term assignments can also be a good learning experience to the rest of the management team. The concept of an Interim CEO or CFO can also be used as a transition mechanism in cases where there is an identified successor to the CEO/CFO role but he/she needs time to transition into the role and the Interim appointee can also play the role of Coach & Mentor. The same concept of an Interim CEO can also be applied at the CxO level to other functions like CIO, CMO. MTI CEO Hilmy Cader makes a pertinent observation in saying "With the mandatory retirement age in some organisations at 55 and 60, there are still many fit and able professionals who would have another 5 to 10 years of active corporate contribution that they could make. This is a segment that MTI has access to and hopes to tap in as the 'supply chain' for this innovative solution. Also, with many new industries and companies setting up in Sri Lanka, the incorporation phase may demand a limited term CEO assignment, which MTI HRM is able to cater to." MTI HRM Solutions Solutions provides a comprehensive range of services including Integrated HR Audit & Strategy, Organisational/Job Design, Recruitment & Selection, Motivation & Talent Retention, HRD/Training Need Identification, HR Capacity Planning, Performance Management, Employee Satisfaction/Climate Surveys, Executive Search, Assessment Centers, Executive Coaching & Salary Surveys.