Interims – here to stay!” Bill Penney
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Interim Management Turnaround Management InterimEurope
Interims – here to stay!” Bill Penney
BRITISH COMPUTER SOCIETY - CONSULTANCY SPECIALIST GROUP
Tuesday 16th January 2007
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Interim Management Turnaround Management InterimEurope
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
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Interim Management Turnaround Management InterimEurope
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
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Interim Management Turnaround Management InterimEurope
Evolution of Interim Management
Mid 1990’s
• economy recovering• re-employed executives• interims with track records• Privatisation of the utilities
“provider” market grows
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Interim Management Turnaround Management InterimEurope
Evolution of Interim Management
1999• ATIES becomes Interim Management Association
www.interimmanagement.uk.com
“distress purchase” to strategic investment
• Launch of Institute of Interim Managementwww.ioim.org.uk
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Interim Management Turnaround Management InterimEurope
Evolution of Interim Management
2000 - 2005• IR 35
– Professional Contractors Group
• 2003 Employment Agency Act Regulations– “Opt-out”
• OGC – S-Cat & Catalist
Public sector 33% of all assignments
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Interim Management Turnaround Management InterimEurope
Evolution of Interim Management
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
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Interim Management Turnaround Management InterimEurope
Gap Management
- to cover
sudden illness
sacking
maternity
secondment
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Interim Management Turnaround Management InterimEurope
Project Management
Start-upsFlotation
AcquisitionTurnarounds
relocationsystem changes
new markets, products and services
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Interim Management Turnaround Management InterimEurope
Future Challenge
• Interims are almost always “solo” appointments• Large consultancies field teams
Interim teams?