An interim CTO is usually engaged when there is a need for a specific skill or to fill a critical competence need in a company’s technical leadership.
An interim CTO is typically brought in when a company is undergoing a change or transformation, such as an integration or acquisition, a change in technology direction, or when a permanent CTO is being recruited. With technical expertise and leadership, an Interim Manager leads these changes and helps the company achieve its technical goals. The interim focuses on delivering specific projects or initiatives and works closely with the rest of the management team to ensure technology aligns with the company’s strategy and goals to help develop and implement this for the future.
An interim CTO oversees the development of new technology and ensures that the company’s technical solutions are in line with and support the business’s strategy and goals.
Why engage an interim CTO?
Interim managers solve challenges, carry out transformations, and can fill a vacancy or sick leave. All assignments are unique and by hiring an interim CTO, the organization gets access to a leader who knows exactly what you need at the right time. An interim is a quick vitamin injection for a project or a specific assignment, that focuses on the task and ensures that the technical development supports the company’s goals, that there is secure leadership, and that projects are completed on time and according to the set budget.
Learn more about interim managers
How can an interim CTO contribute?
- Technology strategy: Develop and implement the technology strategy in line with the company’s strategy and goals.
- Innovation: To drive innovation by identifying and evaluating new technologies that can improve the company’s products, services and processes.
- Product Development: Oversee the development of new products, services and platforms, ensuring they meet technical standards and are delivered on time.
- Management: Manages the function, including competency assessment, training and mentoring of technicians.
- Budgeting and PnL: Ensuring that resources are allocated efficiently and that return on investment is maximized.
- Cyber security: Ensure that the company’s information systems are secure and protect against cyber threats.
- Partnerships and Acquisitions: Build and maintain partnerships with technology vendors and evaluate potential acquisitions.
- Industry Expertise: Is up-to-date on the latest technology trends.
When should you hire an interim CTO?
- If there is a need to set a strategy for how the technology should support the business’s goals
- To implement set strategies
- When business-critical projects or programs are to be implemented
- When there is a need to develop the function and set processes and structures
- In case of a vacancy or sick leave
Quality and Commitment
Since 2004 Nordic Interim has supported its clients with Executive Interim Management services with a focus on quality, skills, and implementation. We offer solutions to critical and complex business challenges in the Nordics and internationally, for both the private and public sectors.
With our own experience from line management and executive search roles in several industries and sectors, we contribute with advice and knowledge throughout the entire process, from assignment analysis to follow-up to ensure successful and sustainable results.
FAQ about interim CTO
What can an Interim CTO do?
- Analyze and set the company’s technology strategy and develop and implement the strategy in line with the company’s goals.
- Drive innovation by identifying and evaluating new technologies that can improve the company’s products, services and processes.
- Lead product development by overseeing the development of new products, services and platforms
- Introduce safe leadership including skills development, training and coaching.
- Ensure that resources are used efficiently.
- Ensure that the company’s information systems are secure and protect against cyber threats.
- Build and maintain partnerships with technology vendors and evaluate potential acquisitions.
When might I need to hire an Interim CTO?
- If there is a need to set a strategy for how the technology should support the business’s goals
- To implement set strategies
- When business-critical projects or programs are to be implemented
- When there is a need to develop the function and set processes and structures
- In case of a vacancy or sick leave