Interims – here to stay!” Bill Penney

Interim Management Turnaround Management InterimEurope

Interims – here to stay!” Bill Penney

BRITISH COMPUTER SOCIETY - CONSULTANCY SPECIALIST GROUP

Tuesday 16th January 2007


Bill Penney

1988 - 91 Director of Resourcing, P-E InternationalCBI-Inbucon Temporary Executive Service

1991 - 94 Questor (interim database for recruitment companies)

1994 - Ashton Penney Partnership Limited

1998 -2000 Chairman, Interim Management Association

2000 Initiator, Institute of Interim Management

2003 SeniorManagementEurope

2005 AshtonPenney floats on AIM


Evolution of Interim Management

Late 1980’s• Recession, de-layering, privatisation • 5 companies with a market of £20m

“Other people’s cast offs”

• Formation of ATIES (Assoc of Temp & Interim Execs Services)

• Marketing Co-operative• Code of Practice



Mid 1990’s

• economy recovering• re-employed executives• interims with track records• Privatisation of the utilities

“provider” market grows



1999• ATIES becomes Interim Management Association

www.interimmanagement.uk.com

“distress purchase” to strategic investment

• Launch of Institute of Interim Managementwww.ioim.org.uk



2000 - 2005• IR 35

– Professional Contractors Group

• 2003 Employment Agency Act Regulations– “Opt-out”

• OGC – S-Cat & Catalist

Public sector 33% of all assignments



Today• a market of £500m• c.200 companies claim to be “providers”

• IMA c.30 members• Differentiate Members from “also rans”• Quality – membership criteria• Marketing and PR for the industry• Industry Champion


Gap Management

- to cover

sudden illness

sacking

maternity

secondment


Project Management

Start-upsFlotation

AcquisitionTurnarounds

relocationsystem changes

new markets, products and services


Future Challenge

• Interims are almost always “solo” appointments• Large consultancies field teams

Interim teams?

Interims – here to stay!” Bill Penney

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