{"id":6632,"date":"2024-06-19T09:05:51","date_gmt":"2024-06-19T07:05:51","guid":{"rendered":"https:\/\/executive-interim-partners.de\/?p=6632"},"modified":"2025-09-26T12:29:07","modified_gmt":"2025-09-26T10:29:07","slug":"chief-transformation-officer-cto","status":"publish","type":"post","link":"https:\/\/executive-interim-partners.de\/en\/publications\/chief-transformation-officer-cto\/","title":{"rendered":"Chief Transformation Officer (CTO) &#8211; English Version"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fvcjzm-6626ffe7cd3123d6783a8a3edc27475f\">\n.avia-section.av-fvcjzm-6626ffe7cd3123d6783a8a3edc27475f .av-parallax .av-parallax-inner{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/0.jpg);\nbackground-position:100% 100%;\nbackground-attachment:scroll;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section 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avia-builder-el-8  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-top  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4475wb6-3394d37a1b937c7d08febbccf32a594a\">\n#top .av-special-heading.av-4475wb6-3394d37a1b937c7d08febbccf32a594a{\npadding-bottom:10px;\ncolor:#ffffff;\n}\nbody .av-special-heading.av-4475wb6-3394d37a1b937c7d08febbccf32a594a .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-4475wb6-3394d37a1b937c7d08febbccf32a594a .special-heading-inner-border{\nborder-color:#ffffff;\n}\n.av-special-heading.av-4475wb6-3394d37a1b937c7d08febbccf32a594a .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-4475wb6-3394d37a1b937c7d08febbccf32a594a av-special-heading-h1 custom-color-heading blockquote modern-quote modern-centered  avia-builder-el-9  el_before_av_textblock  avia-builder-el-first '><h1 class='av-special-heading-tag'  itemprop=\"headline\"  >New CTO Study released: CHIEF TRANSFORMATION OFFICER (CTO)<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-42tik6a-a99580653835f3487a8042d267b531fa\">\n#top .av_textblock_section.av-42tik6a-a99580653835f3487a8042d267b531fa .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-42tik6a-a99580653835f3487a8042d267b531fa '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock av_inherit_color'  itemprop=\"text\" ><p style=\"text-align: center;\">Game-Changer for Successful Transformation!<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-412mjjm-611a35de9ab8a03b2f7fb699fa41878a\">\n.avia-image-container.av-412mjjm-611a35de9ab8a03b2f7fb699fa41878a img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-412mjjm-611a35de9ab8a03b2f7fb699fa41878a .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-412mjjm-611a35de9ab8a03b2f7fb699fa41878a av-styling- avia-align-center  avia-builder-el-11  el_after_av_textblock  el_before_av_image '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6354 avia-img-lazy-loading-not-6354 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/eip-300x152.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='eip'  height=\"152\" width=\"300\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/eip-300x152.png 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/eip.png 415w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-edjm1u-727fa6a166fd9d642263bfc07c7abbcf\">\n.avia-image-container.av-edjm1u-727fa6a166fd9d642263bfc07c7abbcf img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-edjm1u-727fa6a166fd9d642263bfc07c7abbcf .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-edjm1u-727fa6a166fd9d642263bfc07c7abbcf av-styling- avia-align-center  avia-builder-el-12  el_after_av_image  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6356 avia-img-lazy-loading-not-6356 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/eip-2.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='eip-2'  height=\"160\" width=\"2704\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/eip-2.png 2704w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/eip-2-300x18.png 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/eip-2-1030x61.png 1030w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/eip-2-768x45.png 768w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/eip-2-1536x91.png 1536w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/eip-2-2048x121.png 2048w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/eip-2-1500x89.png 1500w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/eip-2-705x42.png 705w\" sizes=\"(max-width: 2704px) 100vw, 2704px\" \/><\/div><\/div><\/div><\/p><\/div>\n<div class='av-flex-placeholder'><\/div><div  class='flex_column av-3x1w2du-04e55ba3e075d93457a26a646a1aad37 av_one_fifth  avia-builder-el-13  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-top  '     ><\/div><\/div>\n<div  class='flex_column av-3ujxgvm-3eb09b37fafd47f7d942e84be6281ca0 av_one_fifth  avia-builder-el-14  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_div  column-top-margin'     ><\/div>\n<div  class='flex_column av-3sk03aa-58cd8aa7b2c69dac0ef498a6be410023 av_three_fifth  avia-builder-el-15  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-lxa7o0wv-698c26fd417190b5405d5d73eff640a7 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p style=\"text-align: center;\"><strong>Click on the &#8220;Download&#8221; button to download the study brochure free of charge<\/strong><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-3q5my9u-00df40d239cd24a26cfdfde92602300a '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Many companies are facing the major challenge that the conditions in their industry are fundamentally changing. They must respond to the challenges posed by digitalization, sustainability requirements, changed market and competitive conditions, or a shortage of skilled workers. To remain successful in the long term, it is necessary to adapt to these changes, i.e., to transform. A transformation is a holistic task that must include aspects such as strategic realignment and business model redesign, cultural change, organizational development, and project management.<\/p>\n<p>Especially in medium-sized companies, management often reaches the limits of its capacities and in-house expertise when facing this challenge. Appointing an experienced, implementation-strong Chief Transformation Officer (CTO) offers a way out. A CTO is an expert who provides interim support to companies in transformation situations. Unlike classic restructuring and special situations where a Chief Restructuring Officer (CRO) is deployed, transformation ideally begins well before an (earnings or liquidity) crisis becomes acute. Since CTO and CRO thus operate at different stages of corporate situations and are tasked with different focal points, the role of the CTO represents a new professional field that is gaining importance against the backdrop of accelerated change.<\/p>\n<p>The objective of this study is, therefore, to scientifically investigate the role and deployment possibilities of CTOs. In addition, the ideal personality and competency profile of CTOs \u2013 also in contrast to CROs \u2013 is described. This study is aimed at all managing directors, executives, shareholders, financiers, interim managers, and consultants who shape transformation processes in companies. We are convinced that in a world that is changing ever faster, transformation competence will become a key competence and the role of the Chief Transformation Officer will become increasingly important.<\/p>\n<p>The strong and positive response to our study has shown us the high importance of the topic for the industry. We thank all 520 participants as well as the associations DDIM (Dachgesellschaft Deutsches Interim Management), TMA (Turnaround-Management Association Deutschland), and the Fachverband Sanierungs- &amp; Insolvenzberatung des BDU (Bundesverband Deutscher Unternehmensberatungen) for their kind support.<\/p>\n<p>Warm regards,<\/p>\n<p>Your Author Team<\/p>\n<p>Prof. Dr. Henning Werner,<br \/>\nDr. Johannes L. Sauerwein,<br \/>\nGeorgiy Michailov,<br \/>\nMichael Hengstmann<\/p>\n<\/div><\/section><\/p><\/div><div  class='flex_column av-3ppve6a-0524ae0ca85f39874493c335b1ccef47 av_one_fifth  avia-builder-el-18  el_after_av_three_fifth  el_before_av_hr  flex_column_div  column-top-margin'     ><\/div><div  class='hr av-2hig42-7c9494087391e545e4208af3c4256704 hr-full  avia-builder-el-19  el_after_av_one_fifth  el_before_av_one_fifth  hr-no-shadow'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div  class='flex_column av-3nkeonm-5e8fb5800a3a9552522597e706134c2b av_one_fifth  avia-builder-el-20  el_after_av_hr  el_before_av_three_fifth  first flex_column_div  '     ><\/div><div  class='flex_column av-3lt5lci-24f45b523c4a385f34cf59018d9d069d av_three_fifth  avia-builder-el-21  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  '     ><section  class='av_textblock_section av-3ko9436-e5b5ffde410c66d02a8927ffbd0c22f9 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p style=\"text-align: center;\"><strong>&#8220;Only those who react at an early stage keep the &#8220;reins of action&#8221; in their hands and can act in a self-determined manner&#8221;<\/strong><\/p>\n<\/div><\/section><\/div><div  class='flex_column av-3irkc0y-f800508a27c47df7a92c13f531bef6f5 av_one_fifth  avia-builder-el-23  el_after_av_three_fifth  el_before_av_heading  flex_column_div  '     ><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwoxirq7-c32bf1732a6ea02688036e2af57b7313\">\n#top .av-special-heading.av-lwoxirq7-c32bf1732a6ea02688036e2af57b7313{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-lwoxirq7-c32bf1732a6ea02688036e2af57b7313 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-lwoxirq7-c32bf1732a6ea02688036e2af57b7313 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-lwoxirq7-c32bf1732a6ea02688036e2af57b7313 av-special-heading-h2 blockquote modern-quote modern-centered  avia-builder-el-24  el_after_av_one_fifth  el_before_av_one_fifth '><h2 class='av-special-heading-tag'  itemprop=\"headline\"  >Executive Summary<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n<div  class='flex_column av-imw0ma-a2720ad91ee090223b71bed9ae5c3221 av_one_fifth  avia-builder-el-25  el_after_av_heading  el_before_av_three_fifth  first flex_column_div  '     ><section  class='av_textblock_section av-lwoxksge-66de3e572fec4bee3c50e353d37bbc70 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><\/div><\/section><\/div><div  class='flex_column av-hjx72q-018e317ee4514f1575a1d70bb742159d av_three_fifth  avia-builder-el-27  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  '     ><section  class='av_textblock_section av-lwoxouif-566c29eefb6a50fcd1b3896c07f56707 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Successful Transformation Requires the Right Setup of Relevant Players<\/strong><\/p>\n<p>A common reason for the failure of transformation projects is that they are not pursued with the necessary consistency and persistence. Appointing an experienced CTO can help here and make an important contribution to the successful implementation of a transformation. The prospects for success associated with the use of CTOs are generally rated positively.<\/p>\n<p><strong>The Primary Field of Application for CTOs Lies Outside of Acute Crisis.<\/strong><\/p>\n<p>The CTO is considered an expert who is predominantly used outside of an acute crisis. His main tasks lie in strategic realignment and business model redesign, the further development of corporate culture, and the generation of growth.<\/p>\n<p><strong>A Majority of Employees Are Unaware of the Need for Change at the Beginning of the Transformation Project.<\/strong><\/p>\n<p>The vast majority of the experts surveyed stated that less than half of the workforce recognized the urgency of the need for action at the beginning of the transformation project. This poses a major challenge for successful implementation. Willingness to change requires employees to realize that something needs to change. Leadership is thus required to convey the so-called &#8220;Sense of Urgency&#8221; to employees.<\/p>\n<p><strong>The CTO Should Be Equipped with Comprehensive Powers of Action.<\/strong><\/p>\n<p>To have the necessary decision-making competence, the CTO should be appointed either as a managing director\/board member or as a general representative.<\/p>\n<p><strong>Transformation Projects Are Primarily Initiated by Internal Stakeholders.<\/strong><\/p>\n<p>Unlike restructuring and turnaround projects, which are mostly initiated due to external pressure, transformation projects are mainly driven by internal stakeholders. Accordingly, financiers play only a relatively minor role as initiators in transformation projects, unlike in restructuring situations.<\/p>\n<p><strong>There Is a Difference in the Ideal Competency Profile of CTOs and CROs.<\/strong><\/p>\n<p>In terms of functional competencies, the CTO should be stronger in the areas of &#8220;Strategy and Business Model,&#8221; &#8220;Change Management,&#8221; and &#8220;Digitalization&#8221; compared to the CRO, while CROs should have a higher competency level in the areas of &#8220;Turnaround\/Crisis Management&#8221; and &#8220;Finance\/Liquidity Management.&#8221; In terms of personal competencies, the CRO needs to be particularly strong in implementation during acute crisis phases, and their creativity and empathetic abilities are of lesser importance during this phase. The CTO, on the other hand, should impress with their inventiveness, creativity, and curiosity and should be able to involve the team in the change process. In terms of social and networking competencies, the CTO should have a higher ability to further develop corporate culture, while it is particularly important for the CRO to have a relevant network of specialists (e.g., legal experts, financiers, etc.).<\/p>\n<p><strong>The Market Environment for Transformation Experts Is Rated Very Positively.<\/strong><\/p>\n<p>Nearly 80 percent of the transformation experts surveyed expect an increasing market potential. The highest need for adjustment is seen in the machinery\/plant engineering, automotive, consumer\/retail, and raw materials\/energy\/chemicals sectors.<\/p>\n<p><strong>Transformation Projects Are Often Started Too Late.<\/strong><\/p>\n<p>To initiate a transformation in a targeted manner, companies must implement an early risk detection system that identifies potential influencing factors on the business model as early as possible. Only those who react early, i.e., act proactively, keep the &#8220;reins of action&#8221; in their hands and can act independently. If the risk factors have already developed into a success or liquidity crisis, the pressure to act increases, and the scope for action is significantly restricted by external constraints.<\/p>\n<\/div><\/section><\/div><div  class='flex_column av-gc69jm-faee14b1dfd15cfc5a707f35687b0653 av_one_fifth  avia-builder-el-29  el_after_av_three_fifth  el_before_av_heading  flex_column_div  '     ><section  class='av_textblock_section av-lwoxq75l-13e69ba9547e4a3e5dc462378e8988d4 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwoy387b-c3022a6faf8c391338b272951ab83812\">\n#top .av-special-heading.av-lwoy387b-c3022a6faf8c391338b272951ab83812{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-lwoy387b-c3022a6faf8c391338b272951ab83812 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-lwoy387b-c3022a6faf8c391338b272951ab83812 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-lwoy387b-c3022a6faf8c391338b272951ab83812 av-special-heading-h2 blockquote modern-quote modern-centered  avia-builder-el-31  el_after_av_one_fifth  el_before_av_one_fifth '><h2 class='av-special-heading-tag'  itemprop=\"headline\"  >1. INTRODUCTION: MANAGING SUCCESFUL TRANSFORMATIONS<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n<div class='flex_column_table av-3f6umr6-7644f0dddfd35d124ea310d5824887d5 sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-3f6umr6-7644f0dddfd35d124ea310d5824887d5 av_one_fifth  avia-builder-el-32  el_after_av_heading  el_before_av_three_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  '     ><section  class='av_textblock_section av-lwoya785-1f8510f50e9887e128f6fde861d9c272 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><\/div><\/section><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-3dvvyk2-0edc72738e3bcc8f8af9efcb760f2624 av_three_fifth  avia-builder-el-34  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  '     ><section  class='av_textblock_section av-3cnq8ma-3f6ae732c0f3d027764edd70d8e3c8bb '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>The transformation of a company refers to a fundamental change in the strategy, business model, culture, and organization of a company. It involves profound changes aimed at adapting the company to changing market and competitive conditions, technological developments, regulatory requirements, or other challenges. Transformation is thus a holistic task that can encompass the following areas of action, among others:<\/p>\n<\/div><\/section><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-qs7te-6f2136c27dfdedc6afccd156258fb52f av_one_fifth  avia-builder-el-36  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  '     ><section  class='av_textblock_section av-5x4gqa-c347c58b28171e18f213c26e601948cf '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><\/div><\/section><\/div><\/div><div class='flex_column_table av-4nig2q-892b9cee4af9796052e56b5c8e159aa4 sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-4nig2q-892b9cee4af9796052e56b5c8e159aa4 av_one_fifth  avia-builder-el-38  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><section  class='av_textblock_section av-7x7de-f10e571fe8eb4b8732fdfc5226ebbceb '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><\/div><\/section><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-5jvcsy-6dc8360d196f4412cd98c4fd3094a257 av_three_fifth  avia-builder-el-40  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><section  class='av_textblock_section av-lwoyge2g-1069552a122bddc45083bdff1969dc00 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Strategic Transformation<\/strong><\/p>\n<p>A strategic transformation involves a fundamental realignment of the company&#8217;s strategy along with an accompanying adjustment of the business model. Currently, many companies are focused on answering the question of how to meet the challenges of digitalization and compliance with environmental, social, and corporate governance (&#8220;ESG&#8221;) requirements. The strategy addresses the question of where the company aims to be in the future from the customer&#8217;s perspective to differentiate itself in the market. The business model describes how customer value is created.<\/p>\n<p><strong>Cultural Transformation<\/strong><\/p>\n<p>The goal of cultural transformation is to develop a corporate culture that promotes constructive collaboration, high openness to change, and innovation capability. This regularly requires a change in leadership behavior, open communication, and a high level of care for employees.<\/p>\n<p><strong>Organizational Transformation<\/strong><\/p>\n<p>Organizational transformation involves redesigning the structures, processes, and workflows of the company to become more efficient and agile. The goal is to reduce hierarchies to strengthen employees&#8217; self-responsibility and decision-making authority. This aims to enhance the organization&#8217;s adaptability to changes. To develop, manage, coordinate, and monitor all measures and individual projects to be implemented within the framework of a transformation project, setting up a Project Management Office (PMO) is advisable. The PMO ensures that projects are initiated within the company and keeps track of the implementation status of the necessary measures. It is also responsible for documenting individual measures and creating key figures and reports. Its central task is to ensure that the measures planned within the framework of the transformation project are implemented within the scheduled timeframe and budget.<\/p>\n<p>Neglected or only half-heartedly pursued transformation is often why a company fails. Temporarily involved change experts, known as Chief Transformation Officers (CTOs), can provide a remedy if brought on board early. The role of the CTO represents a new professional field that is gaining importance against the backdrop of accelerated change and is distinct from the already established role of the Chief Restructuring Officer (CRO).<\/p>\n<p>The following presentation of the CTO study results outlines the role and deployment possibilities of the CTO and develops an ideal CTO requirement profile.<\/p>\n<\/div><\/section><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-385beia-944c02a49c42eaf16e3a0d3f363b34b5 av_one_fifth  avia-builder-el-42  el_after_av_three_fifth  el_before_av_heading  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><section  class='av_textblock_section av-lwoybc3e-8f12b2feba3172d23e993871a745f157 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><\/div><\/section><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwoynr4j-3aed543234965bb41bdec664554db5de\">\n#top .av-special-heading.av-lwoynr4j-3aed543234965bb41bdec664554db5de{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-lwoynr4j-3aed543234965bb41bdec664554db5de .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-lwoynr4j-3aed543234965bb41bdec664554db5de .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-lwoynr4j-3aed543234965bb41bdec664554db5de av-special-heading-h2 blockquote modern-quote modern-centered  avia-builder-el-44  el_after_av_one_fifth  el_before_av_one_fifth '><h2 class='av-special-heading-tag'  itemprop=\"headline\"  >2. IDEAL PERSONALITY AND COMPETENCY PROFILES OF CTOs AND CROs<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n<div  class='flex_column av-74lyr6-7c27cfb136d3419f3efd636e2d973e23 av_one_fifth  avia-builder-el-45  el_after_av_heading  el_before_av_three_fifth  first flex_column_div  '     ><\/div>\n<div  class='flex_column av-354z5k2-bea7ec5a3e7d78b7d3ab21f16dfd9eab av_three_fifth  avia-builder-el-46  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  '     ><p><section  class='av_textblock_section av-lwoyyltb-666e3898749a5e9f7d306d58f2a23d42 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>A CTO is an expert who provides interim support to companies in transformation. Unlike classic restructuring\/turnaround, where the Chief Restructuring Officer (CRO) is deployed, transformation ideally begins well before a severe (earnings or liquidity) crisis. In this early crisis phase, the company generally still has a significant entrepreneurial and financial scope of action and can independently decide on its further development. The further the crisis escalates, the more the financial scope of action decreases, the time pressure increases, the trust of stakeholders is damaged, and the decision-making freedom is constrained by external pressures.<\/p>\n<p>Since CTO and CRO thus operate at different stages of corporate development and are tasked with different focal points, we want to address the question of whether there is a difference in the ideal personality and competency profile of a CTO compared to a CRO, and if so, how these profiles differ. Over half of all transformation experts (58 percent) state that there are fundamental differences in the ideal personality and competency profile of CTOs and CROs, with an additional 26 percent seeing even significant differences. Thus, a large majority of 84 percent of all transformation experts see a difference in the ideal competency profile of these two roles.<\/p>\n<p>In the following, we will examine how the ideal competency profiles of both roles are structured in the areas of &#8220;Functional Competencies,&#8221; &#8220;Personal Competencies,&#8221; and &#8220;Social and Networking Competencies.&#8221;<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwoys4hl-52bf66400a07c70bbdb8c9845f9f01bf\">\n.avia-image-container.av-lwoys4hl-52bf66400a07c70bbdb8c9845f9f01bf img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwoys4hl-52bf66400a07c70bbdb8c9845f9f01bf .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwoys4hl-52bf66400a07c70bbdb8c9845f9f01bf av-styling- avia-align-center  avia-builder-el-48  el_after_av_textblock  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6639 avia-img-lazy-loading-not-6639 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-1-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 1 EIP'  height=\"676\" width=\"787\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-1-EIP.png 787w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-1-EIP-300x258.png 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-1-EIP-768x660.png 768w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-1-EIP-705x606.png 705w\" sizes=\"(max-width: 787px) 100vw, 787px\" \/><\/div><\/div><\/div><\/p><\/div><div  class='flex_column av-62w5ky-32d084b0aafaeed41c9c5aafa494678b av_one_fifth  avia-builder-el-49  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_div  '     ><\/div><div  class='flex_column av-2zbl7te-ee94a5498e3d01b87781fce5a138ff35 av_one_fifth  avia-builder-el-50  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-3utzv6-cd5b504c61b431cd8caa85c0c4f8c922 av_three_fifth  avia-builder-el-51  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><p><section  class='av_textblock_section av-lwozfflg-e92c5c01ec9685a2cfd029582c6a1d20 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Functional Competencies of CTOs and CROs<\/strong><\/p>\n<p>The results show a clear picture: While the CRO should possess a high level of competence in Turnaround\/Crisis Management (3.5 points) and Finance\/Liquidity Management (3.4 points) during an acute crisis, the CTO should particularly excel in the areas of Strategy &amp; Business Model (3.3 points), Change Management (3.4 points), and Digitalization (2.9 points). In the area of Operational Management, however, no significant differences are discernible.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwozk2uu-c2dd31fd8bd42ca1fda5ea6835f4a183\">\n.avia-image-container.av-lwozk2uu-c2dd31fd8bd42ca1fda5ea6835f4a183 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwozk2uu-c2dd31fd8bd42ca1fda5ea6835f4a183 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwozk2uu-c2dd31fd8bd42ca1fda5ea6835f4a183 av-styling- avia-align-center  avia-builder-el-53  el_after_av_textblock  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6641 avia-img-lazy-loading-not-6641 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-2-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 2 EIP'  height=\"689\" width=\"702\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-2-EIP.png 702w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-2-EIP-300x294.png 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-2-EIP-80x80.png 80w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-2-EIP-36x36.png 36w\" sizes=\"(max-width: 702px) 100vw, 702px\" \/><\/div><\/div><\/div><\/p><\/div><div  class='flex_column av-ec1k2-b6ff7fe51ff6e4f6c3998ddf9d97abd8 av_one_fifth  avia-builder-el-54  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-2mr0zr6-e458acf44b0f603efa090d98d1d07975 av_one_fifth  avia-builder-el-55  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-nxjfya-06e61e384e899db54f1d3f02a0d35fd9 av_three_fifth  avia-builder-el-56  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><p><section  class='av_textblock_section av-lwozo6qw-46b614ec0be991689e882fdc4f90391e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Personal Competencies of CTOs and CROs<\/strong><\/p>\n<p>In terms of personal competencies, the CRO tends to be more active in the so-called &#8220;firefighting mode&#8221; to enforce measures that quickly and consistently prevent further crisis development. Therefore, he should have a particularly high level of assertiveness (4.0 points). The CTO, on the other hand, should have higher competencies regarding the ability to create a shared team vision and involve employees (3.3 points). Additionally, the CTO should bring a higher openness to new experiences (3.2 points) to be able to find new and creative solutions.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwozpzhn-c47a7724fa19395afe1951c8ad07936d\">\n.avia-image-container.av-lwozpzhn-c47a7724fa19395afe1951c8ad07936d img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwozpzhn-c47a7724fa19395afe1951c8ad07936d .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwozpzhn-c47a7724fa19395afe1951c8ad07936d av-styling- avia-align-center  avia-builder-el-58  el_after_av_textblock  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6643 avia-img-lazy-loading-not-6643 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-3-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 3 EIP'  height=\"671\" width=\"693\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-3-EIP.png 693w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-3-EIP-300x290.png 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-3-EIP-36x36.png 36w\" sizes=\"(max-width: 693px) 100vw, 693px\" \/><\/div><\/div><\/div><\/p><\/div><div  class='flex_column av-2tesgs2-ec64d8f93ff23c6e34c68d95b487b230 av_one_fifth  avia-builder-el-59  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-lvr6ya-c74427c13c2f166070140b2578790146 av_one_fifth  avia-builder-el-60  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-2wqob5e-e70e5d34e7e0e27581768cd4f9a40d92 av_three_fifth  avia-builder-el-61  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-2vmqzbm-4b27e64ef1c8169a3ed449b2a9f3b5d6 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p style=\"text-align: center;\"><strong>&#8220;The CTO is convincing because he is inventive, creative and curious&#8221;<\/strong><\/p>\n<\/div><\/section><\/div><div  class='flex_column av-a2c4cy-9606bf077fa2d6f064647375ac39b4bd av_one_fifth  avia-builder-el-63  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-ir3rky-4d11ee443d74dc0d4e447e825f236c8d av_one_fifth  avia-builder-el-64  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-2qewaj6-d1b8d35af7cfe0b705a169ee16acc524 av_three_fifth  avia-builder-el-65  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><p><section  class='av_textblock_section av-2ozll1u-37a96c9b52dfc18659da3da1c07b8d34 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Social and Networking Competencies of CTOs and CROs<\/strong><\/p>\n<p>Generally, when considering the ideal personal competencies, it can be noted that the CRO needs to be particularly strong in implementation during acute crisis phases, and their creativity and empathetic abilities are of lesser importance during this phase. The CTO, on the other hand, impresses with their inventiveness, creativity, and curiosity and knows how to involve the team in the change process.<\/p>\n<p>The responses of the surveyed transformation experts regarding the ideal competencies in the area of social and networking competencies make it clear: In a crisis mode, it is particularly important to be able to rely on a functioning network of specialists to find holistic solutions for their clients. Therefore, the importance of a relevant network should be significantly stronger for the CRO (3.3 points) than for a CTO (2.5 points).<\/p>\n<p>In the area of stakeholder communication, the ideal competency levels are very close. CTO (3.1 points) and CRO (3.3 points) should thus be equally capable of bringing all stakeholders on board and winning them over to the new path. This can be explained by the fact that without the support of the relevant stakeholders, neither an acute crisis can be resolved nor a transformation can succeed. Stakeholder management is of central importance in both situations. Successful stakeholder management is a highly demanding task, the central success factor of which lies in the clever balancing of the sometimes conflicting individual interests of the involved parties.<\/p>\n<p>However, differences are evident in the ability to further develop the corporate culture. In this area, the CTO (3.2 points) should have a higher competency level than the CRO (2.6 points). To develop a corporate culture that promotes constructive collaboration, high readiness for change, and innovative capacity, leadership must convey and exemplify clear values, maintain open communication, support employees in their development, and foster an appreciative interaction with one another. CTOs should have a high degree of ability to further develop the corporate culture and involve employees in the change process. If this fails, the well-known quote applies: &#8220;Culture eats strategy for breakfast.&#8221;<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp0027j-602b6b38d632e772f8f57daef2b68e12\">\n.avia-image-container.av-lwp0027j-602b6b38d632e772f8f57daef2b68e12 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp0027j-602b6b38d632e772f8f57daef2b68e12 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp0027j-602b6b38d632e772f8f57daef2b68e12 av-styling- avia-align-center  avia-builder-el-67  el_after_av_textblock  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6645 avia-img-lazy-loading-not-6645 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-4-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 4 EIP'  height=\"615\" width=\"683\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-4-EIP.png 683w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-4-EIP-300x270.png 300w\" sizes=\"(max-width: 683px) 100vw, 683px\" \/><\/div><\/div><\/div><\/p><\/div><div  class='flex_column av-24jmk2-671b99b6f2fc6f8896cb9f65be96be65 av_one_fifth  avia-builder-el-68  el_after_av_three_fifth  el_before_av_heading  flex_column_div  column-top-margin'     ><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp02qwj-1d09b0a45f8530a4ab40e87060326980\">\n#top .av-special-heading.av-lwp02qwj-1d09b0a45f8530a4ab40e87060326980{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-lwp02qwj-1d09b0a45f8530a4ab40e87060326980 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-lwp02qwj-1d09b0a45f8530a4ab40e87060326980 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-lwp02qwj-1d09b0a45f8530a4ab40e87060326980 av-special-heading-h2 blockquote modern-quote modern-centered  avia-builder-el-69  el_after_av_one_fifth  el_before_av_one_fifth '><h2 class='av-special-heading-tag'  itemprop=\"headline\"  >3. PROMISING FRAMEWORK CONDITIONS FOR CTO ENGAGEMENTS<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n<div class='flex_column_table av-g9ntde-f36849ee857adf8a9cfddf343e761d2b sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-g9ntde-f36849ee857adf8a9cfddf343e761d2b av_one_fifth  avia-builder-el-70  el_after_av_heading  el_before_av_three_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  '     ><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-dlc3eq-bb0f329df78a35fa829ffde770ddcf7f av_three_fifth  avia-builder-el-71  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  '     ><p><section  class='av_textblock_section av-lwp0d24h-3be34ea6306eb827c97aac1496fafb95 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Deployment of CTOs by Stage of Company Development<\/strong><\/p>\n<p>When are CTOs deployed, what role do they play in the transformation, and with what powers of action should they be equipped? Below, we will take a closer look at the fields of application and the role of the CTO in transformation. Regarding the question of at what stage of company development CTOs are deployed, 66 percent of respondents indicate that CTOs are used outside of the acute crisis (post-crisis 13%, pre-crisis 25%, stakeholder &amp; strategy crisis 28%). Twenty-seven percent also see deployment possibilities in the acute crisis up to the point of insolvency (7%).<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp0ff1x-2ab287e0dbc0d4c2758a9daa10e05a49\">\n.avia-image-container.av-lwp0ff1x-2ab287e0dbc0d4c2758a9daa10e05a49 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp0ff1x-2ab287e0dbc0d4c2758a9daa10e05a49 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp0ff1x-2ab287e0dbc0d4c2758a9daa10e05a49 av-styling- avia-align-center  avia-builder-el-73  el_after_av_textblock  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6647 avia-img-lazy-loading-not-6647 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-5-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 5 EIP'  height=\"670\" width=\"794\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-5-EIP.png 794w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-5-EIP-300x253.png 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-5-EIP-768x648.png 768w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-5-EIP-705x595.png 705w\" sizes=\"(max-width: 794px) 100vw, 794px\" \/><\/div><\/div><\/div><\/p><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-d1lkpe-18adde63375f9e37757365ac0a32ad7a av_one_fifth  avia-builder-el-74  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  '     ><\/div><\/div><div class='flex_column_table av-137j7m-e3a9c1d6039f6ce93ef854aefdf40337 sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-137j7m-e3a9c1d6039f6ce93ef854aefdf40337 av_one_fifth  avia-builder-el-75  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-8gssgi-1dd9b799fdf56f7329293e1e55c61b62 av_three_fifth  avia-builder-el-76  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><p><section  class='av_textblock_section av-lwp0mok2-2f38cb9b739948027516d4da2875b888 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Initiation of Transformation Projects<\/strong><\/p>\n<p>According to the experts surveyed, 79 percent of transformation projects are initiated internally. The primary initiators are shareholders (27%), management (27%), and supervisory bodies (22%). Employee representatives play only a minor role as initiators of change, according to the experts, accounting for just 2%. Only 21 percent of transformation projects are initiated externally: here, financiers (13%) and consultants, lawyers, and auditors (7%) play a role as initiators.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp0lkga-857863c1765e652b20b6f7f8b1f63df6\">\n.avia-image-container.av-lwp0lkga-857863c1765e652b20b6f7f8b1f63df6 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp0lkga-857863c1765e652b20b6f7f8b1f63df6 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp0lkga-857863c1765e652b20b6f7f8b1f63df6 av-styling- avia-align-center  avia-builder-el-78  el_after_av_textblock  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6649 avia-img-lazy-loading-not-6649 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-6-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 6 EIP'  height=\"608\" width=\"795\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-6-EIP.png 795w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-6-EIP-300x229.png 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-6-EIP-768x587.png 768w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-6-EIP-705x539.png 705w\" sizes=\"(max-width: 795px) 100vw, 795px\" \/><\/div><\/div><\/div><\/p><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-74ijaq-5807aad5726e4c321177e1ccb7e16ca4 av_one_fifth  avia-builder-el-79  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><\/div><div class='flex_column_table av-6fn9cy-308d7093d68bdd9db8d930095bb480c4 sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-6fn9cy-308d7093d68bdd9db8d930095bb480c4 av_one_fifth  avia-builder-el-80  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-4jo782-5760f3895f769a7647e7a0f95489a9d8 av_three_fifth  avia-builder-el-81  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp0zoxy-66972535e7d5ad41d1b346cd0a2925e9\">\n.avia-image-container.av-lwp0zoxy-66972535e7d5ad41d1b346cd0a2925e9 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp0zoxy-66972535e7d5ad41d1b346cd0a2925e9 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp0zoxy-66972535e7d5ad41d1b346cd0a2925e9 av-styling- avia-align-center  avia-builder-el-82  el_before_av_textblock  avia-builder-el-first '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6651 avia-img-lazy-loading-not-6651 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-7-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 7 EIP'  height=\"473\" width=\"654\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-7-EIP.png 654w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-7-EIP-300x217.png 300w\" sizes=\"(max-width: 654px) 100vw, 654px\" \/><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-lwp0x4hy-4f4b621dce0d2e6e43ef35f41048fabe '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-&#091;20px&#093; text-message flex flex-col items-start whitespace-pre-wrap break-words &#091;.text-message+&amp;&#093;:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"4e8ff990-8586-410c-b14d-4b126ce29e07\">\n<div class=\"flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-&#091;3px&#093;\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<p>In the present CTO study, a different picture emerges compared to classic restructuring and turnaround projects. Here, the impetus primarily comes from external parties, as numerous studies have determined, with financiers playing a central role. The results of the present CTO study show that transformation projects are primarily initiated by shareholders, supervisory bodies, or company management. But does the company&#8217;s workforce see a fundamental need for action at the beginning of a transformation process?<\/p>\n<p>The transformation experts surveyed provide a clear opinion on this question: only about 27 percent of transformation experts believe that more than half of the executives recognized the urgency of the need for action at the beginning of the transformation process. Among employees without leadership responsibilities, the percentage is even lower (21%).<\/p>\n<p>Conversely, this means that the vast majority of the experts surveyed believe that less than half of the workforce recognized the urgency of the need for action at the beginning of the transformation project. This poses a significant challenge for successful implementation. Willingness to change requires employees to realize that something needs to change. Therefore, leadership is required to convey the so-called &#8220;Sense of Urgency&#8221; to employees.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/section><br \/>\n<\/p><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-39cocy-a6b4863700ed5e2af3cbe51ee0d462b9 av_one_fifth  avia-builder-el-85  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><\/div><div class='flex_column_table av-12tacnm-76d1afb687abb0b9139f77d65f00a8db sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-12tacnm-76d1afb687abb0b9139f77d65f00a8db av_one_fifth  avia-builder-el-86  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-11ssh9u-1aee451472f4fc1b7f19c5fbd67be455 av_three_fifth  avia-builder-el-87  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp19my5-6d22e5595b764d1672f6ee4244cc68cb\">\n.avia-image-container.av-lwp19my5-6d22e5595b764d1672f6ee4244cc68cb img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp19my5-6d22e5595b764d1672f6ee4244cc68cb .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp19my5-6d22e5595b764d1672f6ee4244cc68cb av-styling- avia-align-center  avia-builder-el-88  el_before_av_textblock  avia-builder-el-first '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6653 avia-img-lazy-loading-not-6653 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-8-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 8 EIP'  height=\"506\" width=\"581\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-8-EIP.png 581w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-8-EIP-300x261.png 300w\" sizes=\"(max-width: 581px) 100vw, 581px\" \/><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-lwp1homv-5364ab0c3200b9de5c7d702dbd0de265 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-&#091;20px&#093; text-message flex flex-col items-start whitespace-pre-wrap break-words &#091;.text-message+&amp;&#093;:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"6395880f-b152-44e6-a8d0-6402ae025b2d\">\n<div class=\"flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-&#091;3px&#093;\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<p>58 percent of the respondents state that the CTO should be appointed as a managing director or board member to equip him with the greatest possible powers of action. 14 percent of the respondents even demand that he be made the chairman of this body. 22 percent of transformation experts see the CTO in the role of a general representative, i.e., not directly in the body, but equipped with comprehensive powers of attorney for all legal representations.<\/p>\n<p>Only 22 percent of the surveyed experts can envision a CTO who is not directly equipped with powers of action. Thus, 16 percent state that the CTO could act from a purely advisory role, and 6 percent see the CTO anchored in the supervisory body (advisory board\/supervisory board).<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/section><br \/>\n<\/p><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-y96n6q-2b165e27fe2c2168dae0a5e319ba6d12 av_one_fifth  avia-builder-el-91  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><\/div><div class='flex_column_table av-wsda42-53875897cefdda3a568f078cf5dadd11 sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-wsda42-53875897cefdda3a568f078cf5dadd11 av_one_fifth  avia-builder-el-92  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-uy2g6q-40f87fc5a465958da25151b3b53081a5 av_three_fifth  avia-builder-el-93  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp1idfh-e2708183edf7371e5af6a5e77bb3258b\">\n.avia-image-container.av-lwp1idfh-e2708183edf7371e5af6a5e77bb3258b img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp1idfh-e2708183edf7371e5af6a5e77bb3258b .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp1idfh-e2708183edf7371e5af6a5e77bb3258b av-styling- avia-align-center  avia-builder-el-94  el_before_av_textblock  avia-builder-el-first '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6655 avia-img-lazy-loading-not-6655 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-9.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 9'  height=\"373\" width=\"721\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-9.png 721w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-9-300x155.png 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-9-705x365.png 705w\" sizes=\"(max-width: 721px) 100vw, 721px\" \/><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-lwp1k143-892e027bbdf0ef472148ec0d8b4c6063 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>The overwhelming majority of experts, therefore, call for a &#8220;strong&#8221; CTO equipped with comprehensive powers of action. From what company size does the use of a CTO make sense? Transformation experts believe that the use of a CTO is particularly useful in medium-sized and mid-sized companies: 31 percent of respondents indicate that the use of a CTO is already sensible in companies with a turnover of less than \u20ac50 million. 41 percent of respondents see the minimum size between \u20ac50 million and \u20ac150 million, and 24 percent believe that the company size, measured by turnover, should be between \u20ac150 million and \u20ac500 million. Only 4 percent of transformation experts state that the minimum size, in terms of turnover, for companies where a CTO should be deployed must be more than \u20ac500 million.<\/p>\n<\/div><\/section><br \/>\n<\/p><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-rziac2-410e69e9b44e71154707ba5f435d350d av_one_fifth  avia-builder-el-97  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><\/div><div class='flex_column_table av-2lu1yq-74e8aaf6b5856aa02879d3e6828febb3 sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-2lu1yq-74e8aaf6b5856aa02879d3e6828febb3 av_one_fifth  avia-builder-el-98  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-ngw5vm-5f135979376a82f1efa367e2da20737a av_three_fifth  avia-builder-el-99  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><p><section  class='av_textblock_section av-lwp1ovfe-0c4f57d41db4da3187bd563b07255ade '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Average Tenure of CTOs in Mandate<\/strong><\/p>\n<p>All surveyed transformation experts agree that deploying a CTO for a period of less than 6 months is not worthwhile. Overall, it is noted that the deployment of a CTO is only considered meaningful for a duration of up to 3 years: 25 percent approve of a tenure of 6 months to 1 year, nearly 48 percent approve of a tenure of 1 to 2 years, and 21 percent approve of a tenure of 2 to 3 years.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp1nry7-b2912238728f5b89b006d7ee179174d7\">\n.avia-image-container.av-lwp1nry7-b2912238728f5b89b006d7ee179174d7 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp1nry7-b2912238728f5b89b006d7ee179174d7 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp1nry7-b2912238728f5b89b006d7ee179174d7 av-styling- avia-align-center  avia-builder-el-101  el_after_av_textblock  el_before_av_image '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6657 avia-img-lazy-loading-not-6657 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-10-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 10 EIP'  height=\"593\" width=\"626\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-10-EIP.png 626w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-10-EIP-300x284.png 300w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/><\/div><\/div><\/div><br \/>\n<\/p><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-23xriq-23aca432af825a23a7869e6f99e58a4d av_one_fifth  avia-builder-el-103  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><\/div><div class='flex_column_table av-js37oi-a5f463d861309c9ee43162aa1d8424b9 sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-js37oi-a5f463d861309c9ee43162aa1d8424b9 av_one_fifth  avia-builder-el-104  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-himooy-4d8aeaa3b89bc188421f227d36ed02c0 av_three_fifth  avia-builder-el-105  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><p><section  class='av_textblock_section av-lwp1scbm-8e1b6a20719cadb304bc35031149897c '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>According to transformation experts, the average daily rate for a contracted CTO mostly (78%) ranges between \u20ac1,501 and \u20ac3,000. It is also interesting to note that approximately 5 percent of respondents rate the CTO daily rate either particularly low (6 %, &lt; \u20ac1,501) or particularly high (5 %, &gt; \u20ac3,501).<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp1rk1v-93ff17076f861e51ea03e7a7f1b9e569\">\n.avia-image-container.av-lwp1rk1v-93ff17076f861e51ea03e7a7f1b9e569 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp1rk1v-93ff17076f861e51ea03e7a7f1b9e569 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp1rk1v-93ff17076f861e51ea03e7a7f1b9e569 av-styling- avia-align-center  avia-builder-el-107  el_after_av_textblock  el_before_av_image '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6659 avia-img-lazy-loading-not-6659 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-11-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 11 EIP'  height=\"420\" width=\"639\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-11-EIP.png 639w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-11-EIP-300x197.png 300w\" sizes=\"(max-width: 639px) 100vw, 639px\" \/><\/div><\/div><\/div><br \/>\n<\/p><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-didcte-2e2b9b3d9bc8061ea18f926b5b8d0923 av_one_fifth  avia-builder-el-109  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><\/div><div class='flex_column_table av-d52qvm-b50ac4a739e06f76cc165f97277eb0c5 sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-d52qvm-b50ac4a739e06f76cc165f97277eb0c5 av_one_fifth  avia-builder-el-110  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-bj7ub6-6a81166313f23746ac99b8d24cebed80 av_three_fifth  avia-builder-el-111  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><section  class='av_textblock_section av-lwp1v24b-5f30a261d5fc30fadc76fdfa6a939af5 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p style=\"text-align: center;\"><strong>&#8220;Transformation projects often start too late, wasting valuable resources&#8221;<\/strong><\/p>\n<\/div><\/section><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-9u0hbm-d856b96e935305994812ea37a4d62bd2 av_one_fifth  avia-builder-el-113  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><\/div><div class='flex_column_table av-860moy-12833a1f3b58f3065c1747bd9c602e8c sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-860moy-12833a1f3b58f3065c1747bd9c602e8c av_one_fifth  avia-builder-el-114  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-6jxd76-b13a5b03db4824f2c5baf23cc5c07144 av_three_fifth  avia-builder-el-115  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><p><section  class='av_textblock_section av-lwp1woyy-a34aa5b2f651a6fc8c07e254fda821c7 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Assessment of CTO Appointments<\/strong><\/p>\n<p>Overall, the transformation experts surveyed have had positive experiences with the appointment of CTOs in the past. The goals associated with the use of CTOs were largely achieved (3.9 points), the strategy and business model were realigned (4 points), profitability was improved (4 points), and corporate culture was positively changed (3.9 points).<\/p>\n<p>The highest level of agreement, however, is with the statement that the transformation should have been started earlier (4.6 points). According to the experts, many transformation projects are started too late, resulting in the waste of valuable resources. This statement underscores the importance of early and proactive action by internal and external stakeholders.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp1ya9a-8edc55b15b2695778caf796126e33550\">\n.avia-image-container.av-lwp1ya9a-8edc55b15b2695778caf796126e33550 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp1ya9a-8edc55b15b2695778caf796126e33550 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp1ya9a-8edc55b15b2695778caf796126e33550 av-styling- avia-align-center  avia-builder-el-117  el_after_av_textblock  el_before_av_image '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6661 avia-img-lazy-loading-not-6661 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-12-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 12 EIP'  height=\"361\" width=\"941\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-12-EIP.png 941w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-12-EIP-300x115.png 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-12-EIP-768x295.png 768w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-12-EIP-705x270.png 705w\" sizes=\"(max-width: 941px) 100vw, 941px\" \/><\/div><\/div><\/div><br \/>\n<\/p><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-2dkrsy-f1b3987a2cdf0d2dcb455edf7ce29372 av_one_fifth  avia-builder-el-119  el_after_av_three_fifth  el_before_av_heading  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp1zt68-dabff956af99bb1cb6dc58473def8626\">\n#top .av-special-heading.av-lwp1zt68-dabff956af99bb1cb6dc58473def8626{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-lwp1zt68-dabff956af99bb1cb6dc58473def8626 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-lwp1zt68-dabff956af99bb1cb6dc58473def8626 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-lwp1zt68-dabff956af99bb1cb6dc58473def8626 av-special-heading-h2 blockquote modern-quote modern-centered  avia-builder-el-120  el_after_av_one_fifth  el_before_av_one_fifth '><h2 class='av-special-heading-tag'  itemprop=\"headline\"  >4. EXPECTED MARKET DEVELOPMENT FOR CTOs<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n<div  class='flex_column av-2joz8aq-02c25963387c3dac9974ee6a4a5458a3 av_one_fifth  avia-builder-el-121  el_after_av_heading  el_before_av_three_fifth  first flex_column_div  '     ><\/div><div  class='flex_column av-2hxwkgy-1064d6ebaae0455a10c4f8daf7f2ad14 av_three_fifth  avia-builder-el-122  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp21edm-3167bdc17fab267182d6dc1270d27a89\">\n.avia-image-container.av-lwp21edm-3167bdc17fab267182d6dc1270d27a89 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp21edm-3167bdc17fab267182d6dc1270d27a89 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp21edm-3167bdc17fab267182d6dc1270d27a89 av-styling- avia-align-center  avia-builder-el-123  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6663 avia-img-lazy-loading-not-6663 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-13-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 13 EIP'  height=\"778\" width=\"696\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-13-EIP.png 696w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-13-EIP-268x300.png 268w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-13-EIP-631x705.png 631w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/div><\/div><\/div><\/div><div  class='flex_column av-2eh698i-14b3bd51165bcaf7f3c8d8a2ab4ded40 av_one_fifth  avia-builder-el-124  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_div  '     ><\/div><div  class='flex_column av-2ddtpv6-6040a6b27b5ac1bbd0383d3c2ba8b401 av_one_fifth  avia-builder-el-125  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-2b7eaci-388c4a338ae8948fe1102f1d144a091d av_three_fifth  avia-builder-el-126  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-29and4i-ebfdf732db54c04b3950860fc29c9d1c '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p style=\"text-align: center;\"><strong>&#8220;79% of study participants see increasing market potential for CTOs&#8221;<\/strong><\/p>\n<\/div><\/section><\/div><div  class='flex_column av-28ghz1u-c91f4fe25cf0f4ca9cfede3a4540380b av_one_fifth  avia-builder-el-128  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-27doieq-9761b7f30b7fdd635b059ceb91a5dd67 av_one_fifth  avia-builder-el-129  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-24y4i6q-ab4993ab066c427a3bf6da8db8d411ec av_three_fifth  avia-builder-el-130  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><p><section  class='av_textblock_section av-7hw59e-2da3a4cb55dbd49f7da84a8e42d8c4da '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Of the study participants who assess the market potential as increasing, 45 percent expect a slight increase (increase &lt; 20%), 47 percent expect a moderate increase (increase 20-50%), and 8 percent even expect a strong increase (increase &gt; 50%). The market environment for transformation experts is thus assessed very positively. Overall, all industries are affected by a need for adaptation. The highest need for adaptation is seen in the machinery\/plant engineering, automotive, consumer\/retail, and raw materials\/energy\/chemicals sectors.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp25xms-76fb2fe1560517ef21ed231a9eb239d4\">\n.avia-image-container.av-lwp25xms-76fb2fe1560517ef21ed231a9eb239d4 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp25xms-76fb2fe1560517ef21ed231a9eb239d4 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp25xms-76fb2fe1560517ef21ed231a9eb239d4 av-styling- avia-align-center  avia-builder-el-132  el_after_av_textblock  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6665 avia-img-lazy-loading-not-6665 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-14-15-EIP-1030x452.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 14 + 15 EIP'  height=\"452\" width=\"1030\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-14-15-EIP-1030x452.png 1030w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-14-15-EIP-300x132.png 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-14-15-EIP-768x337.png 768w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-14-15-EIP-1536x674.png 1536w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-14-15-EIP-1500x658.png 1500w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-14-15-EIP-705x309.png 705w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-14-15-EIP.png 1603w\" sizes=\"(max-width: 1030px) 100vw, 1030px\" \/><\/div><\/div><\/div><\/p><\/div><div  class='flex_column av-7e7oqq-fa1f50f812ef832fc887f118df5ba2e9 av_one_fifth  avia-builder-el-133  el_after_av_three_fifth  el_before_av_heading  flex_column_div  column-top-margin'     ><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp28zvt-bf60f8232a007e8e72b357a9d8320461\">\n#top .av-special-heading.av-lwp28zvt-bf60f8232a007e8e72b357a9d8320461{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-lwp28zvt-bf60f8232a007e8e72b357a9d8320461 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-lwp28zvt-bf60f8232a007e8e72b357a9d8320461 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-lwp28zvt-bf60f8232a007e8e72b357a9d8320461 av-special-heading-h2 blockquote modern-quote modern-centered  avia-builder-el-134  el_after_av_one_fifth  el_before_av_one_fifth '><h2 class='av-special-heading-tag'  itemprop=\"headline\"  >5. CONCLUSION <span class='special_amp'>&amp;<\/span> OUTLOOK:<\/h2><div class='av-subheading av-subheading_below'><p>CTO ENGAGEMENT AS A GAME-CHANGER FOR A SUCCESSFUL TRANSFORMATION<\/p>\n<\/div><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n<div  class='flex_column av-1le1hwi-650ed05392bb6ceed4f6430945ec030c av_one_fifth  avia-builder-el-135  el_after_av_heading  el_before_av_three_fifth  first flex_column_div  '     ><\/div><div  class='flex_column av-1j29lde-97f44bd3d6983107589498f3a0dfbb55 av_three_fifth  avia-builder-el-136  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  '     ><section  class='av_textblock_section av-1htonle-93413ebf93d0cb1d4c0dbc2e100bdb5f '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Many companies are facing the major challenge that the conditions in their industry are fundamentally changing. To remain successful in the long term, it is necessary to adapt to these changes, i.e., to transform. A transformation is a holistic task that includes strategic realignment and business model redesign, cultural transformation, and organizational transformation.<\/p>\n<p>Experience shows that existing management, particularly in medium-sized companies, often reaches the limits of its capacity and expertise during such phases. In this situation, the temporary appointment of a CTO can improve the prospects of successfully implementing transformation programs. With a CTO, additional resources, expertise, consistency, intensity, and often a significant level of trust are brought into the company. The ideal CTO has extensive experience in such turnaround situations. He is strategically competent and has the necessary expertise to systematically develop the business model. He understands how to foster a corporate culture that promotes constructive collaboration, high readiness for change, and innovation capability by conveying and embodying clear values, maintaining open communication, supporting employee development, and practicing appreciation.<\/p>\n<p>His primary field of application ideally lies outside an acute crisis (earnings or liquidity crisis). This has the advantage that the company generally still has a large entrepreneurial and financial scope of action and can independently decide on its further development. However, the challenge in this phase is that a majority of employees are not aware of the need for change. The CTO is thus required to convey the so-called &#8220;Sense of Urgency&#8221; to employees.<\/p>\n<p>To have the necessary decision-making competence, the CTO should be equipped with comprehensive powers of action and appointed either as a member of the management board or as a general representative.<\/p>\n<p>Since missed or only half-hearted transformations, such as in digitalization or omitted adjustments to the business model, are often the reasons why a company ultimately falls into a deep crisis or even insolvency, temporarily involved CTOs, if brought on board early, can make an important contribution to the successful implementation of a transformation. The role of the CTO represents a new professional field that experienced executives, interim managers, and restructuring experts can fill, provided they have the specific competencies for transformation. For actors who can fulfill this role, the market environment appears very positive. Due to the increasing dynamics of change in many industries, a growing market potential is expected. The highest pressure to adapt is seen in the machinery\/plant engineering, automotive, consumer\/retail, and raw materials\/energy\/chemicals sectors.<\/p>\n<p>In conclusion, based on the findings from this study, we would like to derive specific recommendations for action. These relate to the question of when the deployment of a CTO is particularly useful and to the question of what the ideal profile of a CTO looks like.<\/p>\n<\/div><\/section><\/div><div  class='flex_column av-57swde-24627930b8f2548c9c518b55954b33a5 av_one_fifth  avia-builder-el-138  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_div  '     ><\/div><div  class='flex_column av-1f1o9ea-e212dace6cd5a6cc93b236fd411b55a0 av_one_fifth  avia-builder-el-139  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-4v62wy-51d471090356f8b4533f57b2dbd22a2a av_three_fifth  avia-builder-el-140  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-1b1nag2-bd684bef215becff1a5b42d5c9b14e3e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>The stronger or more pronounced the following factors are, the more sensible it appears to appoint a CTO:<\/p>\n<ul>\n<li>Company size<\/li>\n<li>Radicality of changes in the market and competitive environment<\/li>\n<li>Complexity and number of necessary adjustment measures<\/li>\n<li>Diversity of particular interests within the stakeholder group<\/li>\n<li>Hierarchical structure of the organization<\/li>\n<li>Lack of expertise in the existing leadership team regarding transformation management<\/li>\n<\/ul>\n<p>The ideal profile of a CTO is characterized by the following attributes:<\/p>\n<ul>\n<li>Significant and verified references of successfully managed upheaval situations (extensive experience)<\/li>\n<li>High strategic competence and experience in business model development<\/li>\n<li>Strong communicator with the ability to inspire<\/li>\n<li>Strong leader with a role model function, capable of building trust, promoting teamwork, fostering employee development, and showing recognition and appreciation<\/li>\n<li>Unconditional trust from all stakeholders and a high ability to balance individual interests<\/li>\n<li>High implementation orientation<\/li>\n<\/ul>\n<\/div><\/section><\/div><div  class='flex_column av-19gryqq-78a533c3d789034c6133e4cfb57c5a71 av_one_fifth  avia-builder-el-142  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-4fwiyq-2dd2cc34eb3b4c590c46c07415af526b av_one_fifth  avia-builder-el-143  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-163o6ky-e60cd359cbdce708ac7bd32c6667ad9a av_three_fifth  avia-builder-el-144  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><p><section  class='av_textblock_section av-1593ko2-331c59bad15933c0a68dbf80b820966b '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>About the Study and the Surveyed Experts<\/strong><\/p>\n<p>The study began with a systematic review of the research on the role of the CTO. A total of 10,102 hits were identified through an electronic search of relevant databases. After evaluating content and formal criteria, a total of 67 hits were analyzed. Based on this, a questionnaire was developed as the basis for the quantitative survey and tested and optimized in a pre-test. The survey was conducted online from April 19 to May 15, 2023. We received 520 responses in total, of which 442 were complete.<\/p>\n<p>52 percent of the surveyed experts are primarily active in the role of CRO, CTO, or interim manager. Almost one-third (33%) are primarily engaged as restructuring consultants, and 9 percent are financiers (primarily debt capital). Only 3 percent of the respondents act as insolvency administrators, 2 percent as shareholders in family businesses, and 1 percent as private equity investors.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp2qz2j-c73e0b7eb2fd3a298b91b2c67a86390c\">\n.avia-image-container.av-lwp2qz2j-c73e0b7eb2fd3a298b91b2c67a86390c img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp2qz2j-c73e0b7eb2fd3a298b91b2c67a86390c .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp2qz2j-c73e0b7eb2fd3a298b91b2c67a86390c av-styling- avia-align-center  avia-builder-el-146  el_after_av_textblock  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6667 avia-img-lazy-loading-not-6667 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-16-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 16 EIP'  height=\"568\" width=\"693\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-16-EIP.png 693w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-16-EIP-300x246.png 300w\" sizes=\"(max-width: 693px) 100vw, 693px\" \/><\/div><\/div><\/div><\/p><\/div><div  class='flex_column av-12j372a-97351e1d49b022193f774348fbee8f64 av_one_fifth  avia-builder-el-147  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-10w82he-b0d46097d08d8bb576e1382baa07ec01 av_one_fifth  avia-builder-el-148  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-3mpfgi-f68d1fb0ea8ba8821f4ad0ae17a5d711 av_three_fifth  avia-builder-el-149  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><p><section  class='av_textblock_section av-xblso2-60370b8cb37ad02a7664063f65aa76d6 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Professional Experience of the Experts<\/strong><\/p>\n<p>Our experts possess extensive experience in the field of transformation. Thirty-eight percent of the respondents have more than 20 years of professional experience related to transformation, and over one-third (34%) have 11 to 20 years of experience in this field. Seventeen percent of the respondents have 5 to 10 years of professional experience, and only 11 percent have less than 5 years of experience related to transformation or turnaround. Notably, those surveyed who work in roles such as CRO, CTO, interim manager, and restructuring consultant have a significant proportion of over 20 years of transformation-related experience.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp2ugyh-699070490c4bf74a39116af283a7f1a6\">\n.avia-image-container.av-lwp2ugyh-699070490c4bf74a39116af283a7f1a6 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp2ugyh-699070490c4bf74a39116af283a7f1a6 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp2ugyh-699070490c4bf74a39116af283a7f1a6 av-styling- avia-align-center  avia-builder-el-151  el_after_av_textblock  el_before_av_image '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6669 avia-img-lazy-loading-not-6669 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-17-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 17 EIP'  height=\"568\" width=\"636\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-17-EIP.png 636w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-17-EIP-300x268.png 300w\" sizes=\"(max-width: 636px) 100vw, 636px\" \/><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp2vju7-bd9f434c94189407a03e509d7a1b0997\">\n.avia-image-container.av-lwp2vju7-bd9f434c94189407a03e509d7a1b0997 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp2vju7-bd9f434c94189407a03e509d7a1b0997 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp2vju7-bd9f434c94189407a03e509d7a1b0997 av-styling- avia-align-center  avia-builder-el-152  el_after_av_image  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6671 avia-img-lazy-loading-not-6671 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-18-EIP.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Figure 18 EIP'  height=\"867\" width=\"724\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-18-EIP.png 724w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-18-EIP-251x300.png 251w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/06\/Figure-18-EIP-589x705.png 589w\" sizes=\"(max-width: 724px) 100vw, 724px\" \/><\/div><\/div><\/div><\/p><\/div><div  class='flex_column av-w6wlr6-c2a6268bb12aa3556a397eceb28d7316 av_one_fifth  avia-builder-el-153  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-kvds2-ddd0c2fd6b18d09e3133ef65ba7a4422 av_one_fifth  avia-builder-el-154  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-3vkknm-af1dae5685976bb524cf75d05335df52 av_three_fifth  avia-builder-el-155  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><p><section  class='av_textblock_section av-lx0jbitm-6ddd75df22bfa4cd05986300e25bb2ce '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Participants in the study<\/strong><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lx0jb242-d09871186b8ddb31af6db01b13c9d93e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><a href=\"https:\/\/ddim.de\/\">Dachgesellschaft Deutsches Interim Management (DDIM)<\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lx0je2lx-7998806002ca785d58c0af829c3ce395 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><a href=\"https:\/\/www.tma-deutschland.org\/home.html\">Turnaround-Management Association Deutschland (TMA)<\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lx0jew51-ce115ff12b14d360be70d260063b28b0 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><a href=\"https:\/\/www.bdu.de\/\">Bundesverband Deutscher Unternehmensberatungen (BDU)<\/a><\/p>\n<\/div><\/section><\/p><\/div><div  class='flex_column av-aa2xe-cbd03bb9f43fe35b9efba41b129bf23a av_one_fifth  avia-builder-el-160  el_after_av_three_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-lea4ci-d0e5cfd2c1d327cad8d6d4757b87e0cc av_one_fifth  avia-builder-el-161  el_after_av_one_fifth  el_before_av_three_fifth  first flex_column_div  column-top-margin'     ><\/div>\n<div  class='flex_column av-rzfab6-4f160a1bdade46bd6e9fc5f0f722a811 av_three_fifth  avia-builder-el-162  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><p><section  class='av_textblock_section av-qe7yia-205fb5b753694106013a1ed90b32e95c '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>ABOUT THE EXECUTIVE INTERIM PARTNERS<\/strong><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-o5zl0y-3a7f9536a0d9775acfb8a52525c2e345\">\n.avia-image-container.av-o5zl0y-3a7f9536a0d9775acfb8a52525c2e345 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-o5zl0y-3a7f9536a0d9775acfb8a52525c2e345 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-o5zl0y-3a7f9536a0d9775acfb8a52525c2e345 av-styling- avia-align-center  avia-builder-el-164  el_after_av_textblock  el_before_av_textblock '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6361 avia-img-lazy-loading-not-6361 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/Mu\u0308nchen.jpg\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Mu\u0308nchen'  height=\"763\" width=\"1219\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/Mu\u0308nchen.jpg 1219w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/Mu\u0308nchen-300x188.jpg 300w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/Mu\u0308nchen-1030x645.jpg 1030w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/Mu\u0308nchen-768x481.jpg 768w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2023\/01\/Mu\u0308nchen-705x441.jpg 705w\" sizes=\"(max-width: 1219px) 100vw, 1219px\" \/><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-n2ewg2-6aa49fc2915a50c314bd632331e39334 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>EXECUTIVE INTERIM PARTNERS GMBH (EIP) was founded in Munich in 2005 and is a leading company and owner-managed partnership of experienced interim managers at the C-level for special situations.<\/p>\n<p>The partners of EXECUTIVE INTERIM PARTNERS support you and your company as interim managers or consultants, particularly in special situations that require immediate entrepreneurial action, such as:<\/p>\n<ul>\n<li>Restructurings<\/li>\n<li>Liquidity crises<\/li>\n<li>Refinancing\/recapitalizations<\/li>\n<li>Exit preparations and company sales<\/li>\n<li>Value enhancement\/creating exit readiness<\/li>\n<li>Business acquisitions and integrations (PMI)<\/li>\n<li>Complex transformations<\/li>\n<li>Strategic corporate crises\/revenue and growth crises<\/li>\n<li>Operational turnarounds<\/li>\n<li>Leadership crises or leadership vacuums<\/li>\n<li>Digitalizations<\/li>\n<\/ul>\n<p>All partners of EXECUTIVE INTERIM PARTNERS have proven successes as managing directors and board members &#8211; both as interim managers and in permanent positions. Approximately 80% of our mandates result from organizational functions as interim managing directors or board members (e.g., as CEO, CRO, CFO, COO, CDO, or CSO).<\/p>\n<p>Clients of EXECUTIVE INTERIM PARTNERS include medium-sized family businesses, private equity investments, and corporate groups. Our interim managers operate in the German-speaking region (DACH), other European countries (including France, Sweden, Denmark, Czech Republic), as well as other international locations (including the USA, Canada, South Africa, China, Korea).<\/p>\n<\/div><\/section><\/p><\/div><div  class='flex_column av-2y9l2q-bb4b9029b3b7bd14c05dd7e4efa05417 av_one_fifth  avia-builder-el-166  el_after_av_three_fifth  el_before_av_heading  flex_column_div  column-top-margin'     ><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp308m2-a1e08dd8acc5214c2d0b715ee32e45c5\">\n#top .av-special-heading.av-lwp308m2-a1e08dd8acc5214c2d0b715ee32e45c5{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-lwp308m2-a1e08dd8acc5214c2d0b715ee32e45c5 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-lwp308m2-a1e08dd8acc5214c2d0b715ee32e45c5 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-lwp308m2-a1e08dd8acc5214c2d0b715ee32e45c5 av-special-heading-h3 blockquote modern-quote modern-centered  avia-builder-el-167  el_after_av_one_fifth  el_before_av_one_fifth '><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >About the authors<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n<div class='flex_column_table av-hspjyq-dd99e93ff79976c96a8e37814355571a sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-hspjyq-dd99e93ff79976c96a8e37814355571a av_one_fifth  avia-builder-el-168  el_after_av_heading  el_before_av_one_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  '     ><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-g9dj02-7305d7ffc6eb19d2ff3c946c7587a951 av_one_fifth  avia-builder-el-169  el_after_av_one_fifth  el_before_av_two_fifth  flex_column_table_cell av-equal-height-column av-align-middle  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-epf7ki-78f57f90cd830391794953c4a47b9a12\">\n.avia-image-container.av-epf7ki-78f57f90cd830391794953c4a47b9a12 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-epf7ki-78f57f90cd830391794953c4a47b9a12 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-epf7ki-78f57f90cd830391794953c4a47b9a12 av-styling- avia-align-center  avia-builder-el-170  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6560 avia-img-lazy-loading-not-6560 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Michael-Hengstmann-Bild.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Michael Hengstmann Bild'  height=\"210\" width=\"329\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Michael-Hengstmann-Bild.png 329w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Michael-Hengstmann-Bild-300x191.png 300w\" sizes=\"(max-width: 329px) 100vw, 329px\" \/><\/div><\/div><\/div><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-17cpky-532303beed87f15a3524d48e21814940 av_two_fifth  avia-builder-el-171  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  '     ><section  class='av_textblock_section av-bgfymq-4c054f613b8f4c5fb193484a97cfa287 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>ABOUT THE AUTHOR<\/strong><\/p>\n<p>Michael Hengstmann is the Managing Partner at Executive Interim Partners, the leading company and owner-managed partnership of experienced interim managers at the C-level for special situations, and Managing Partner at Management Capital Holding, an investment company focused on medium-sized businesses. Previously, he was a Senior Partner at AlixPartners and the then Private Equity firm of JP Morgan, One Equity Partners. Mr. Hengstmann has been active as an interim manager in various medium-sized companies and subsidiaries of corporations both domestically and internationally. He has successfully implemented restructurings, turnarounds, strategic realignments, and sales offensives in his roles as Chief Restructuring Officer, Chief Executive Officer\/Chairman of the Management Board, or Chief Operating Officer. Additionally, Mr. Hengstmann supports various companies domestically and internationally as a chairman or member of supervisory boards or advisory boards.<\/p>\n<p>E-Mail: <a href=\"mailto:hengstmann@eip.de\">hengstmann@eip.de<\/a><\/p>\n<\/div><\/section><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-zffiq-5cc0bc84f187422337a32eef7077929b av_one_fifth  avia-builder-el-173  el_after_av_two_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  '     ><\/div><\/div><div  class='flex_column av-gqmvtu-158a21d5520cf0c9a01c735ae88613ef av_one_fifth  avia-builder-el-174  el_after_av_one_fifth  el_before_av_one_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-gievyq-c6053ad65b72d9b692fd20f445446815 av_one_fifth  avia-builder-el-175  el_after_av_one_fifth  el_before_av_two_fifth  flex_column_div  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp3gp2j-11394b5f5af3605da8e015a3b0b2e865\">\n.avia-image-container.av-lwp3gp2j-11394b5f5af3605da8e015a3b0b2e865 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp3gp2j-11394b5f5af3605da8e015a3b0b2e865 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp3gp2j-11394b5f5af3605da8e015a3b0b2e865 av-styling- avia-align-center  avia-builder-el-176  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6558 avia-img-lazy-loading-not-6558 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Georgiy-Michailov-Bild.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Georgiy Michailov Bild'  height=\"191\" width=\"281\"  itemprop=\"thumbnailUrl\"  \/><\/div><\/div><\/div><\/div><div  class='flex_column av-2pb84y-5694f471bb03d7c658486171fb53928e av_two_fifth  avia-builder-el-177  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-lwp39iim-14c1cfc0ee2c3f46c2f5c59e7b705371 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>ABOUT THE AUTHOR<\/strong><\/p>\n<p>Georgiy Michailov is Managing Partner at Struktur Management Partner (SMP), one of the leading transformation and restructuring consulting firms in Germany. After his initial studies in Business Administration in Uzbekistan and intermediate stations in Turkey, the Netherlands, and Germany, Georgiy Michailov completed his studies in Economics in Freiburg in 2003. During his studies, he became acquainted with Struktur Management Partner as an intern and subsequently joined as a consultant. In 2009, he became a Partner, and in 2013, he was appointed Managing Partner. Over the past 20 years, he has successfully overseen more than 100 mandates in the upper mid-market in transformation and turnaround projects. Internally, he is responsible for innovation management and method development. He is the author of several books, a lecturer, and a podcast host.<\/p>\n<p>E-Mail: <a href=\"mailto:g.michailov@strukturmanagement-partner.com\">g.michailov@strukturmanagement-partner.com<\/a><\/p>\n<\/div><\/section><\/div><div  class='flex_column av-ehy7xe-91c24b0db71ae431792796ad2216a20e av_one_fifth  avia-builder-el-179  el_after_av_two_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-81ygci-02c52f72da35c6dda9a1a27a95482615 av_one_fifth  avia-builder-el-180  el_after_av_one_fifth  el_before_av_one_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-ca34ua-e6664f0398cc7df7d18364c6fc6973ec av_one_fifth  avia-builder-el-181  el_after_av_one_fifth  el_before_av_two_fifth  flex_column_div  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp3fbjm-bf0b316859094e7eaa79b4c9c7f1bd6a\">\n.avia-image-container.av-lwp3fbjm-bf0b316859094e7eaa79b4c9c7f1bd6a img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp3fbjm-bf0b316859094e7eaa79b4c9c7f1bd6a .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp3fbjm-bf0b316859094e7eaa79b4c9c7f1bd6a av-styling- avia-align-center  avia-builder-el-182  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6556 avia-img-lazy-loading-not-6556 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Dr.-Johannes-L.-Sauerwein-Bild.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Dr. Johannes L. Sauerwein Bild'  height=\"197\" width=\"344\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Dr.-Johannes-L.-Sauerwein-Bild.png 344w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Dr.-Johannes-L.-Sauerwein-Bild-300x172.png 300w\" sizes=\"(max-width: 344px) 100vw, 344px\" \/><\/div><\/div><\/div><\/div><div  class='flex_column av-15mjxe-30661cb3aaafad909b42b3056e0a748b av_two_fifth  avia-builder-el-183  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-lwp3amdv-ed3187b71daa52aef4209b4095e2cf7e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>ABOUT THE AUTHOR<\/strong><\/p>\n<p>Dr. Johannes L. Sauerwein is a research associate at the IfUS Institute for Corporate Development and the scientific director of the Think&amp;Do Tank GRANTIRO. Among other responsibilities, he is tasked with developing solutions for seemingly inevitable closures of company locations and preserving industrial cores, especially in peripheral regions. This involves combining the methods of classic restructuring with innovation management techniques.<\/p>\n<p>E-Mail: <a href=\"mailto:johannes.sauerwein@grantiro.de\">johannes.sauerwein@grantiro.de<\/a><\/p>\n<\/div><\/section><\/div><div  class='flex_column av-98jdj6-f5b3f5073df5d22f82ba0a43b4a652a1 av_one_fifth  avia-builder-el-185  el_after_av_two_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-7t7t6q-6eaf1376f4ff986c5f9e5514862d0149 av_one_fifth  avia-builder-el-186  el_after_av_one_fifth  el_before_av_one_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-59yhky-8ba7c17664d28b1c333ff9f5098b0ac5 av_one_fifth  avia-builder-el-187  el_after_av_one_fifth  el_before_av_two_fifth  flex_column_div  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp3dr5r-c817cbfd9390b682a361f897ef461933\">\n.avia-image-container.av-lwp3dr5r-c817cbfd9390b682a361f897ef461933 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp3dr5r-c817cbfd9390b682a361f897ef461933 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp3dr5r-c817cbfd9390b682a361f897ef461933 av-styling- avia-align-center  avia-builder-el-188  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6554 avia-img-lazy-loading-not-6554 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Prof.-Dr.-Henning-Werner-Bild.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Prof. Dr. Henning Werner Bild'  height=\"215\" width=\"334\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Prof.-Dr.-Henning-Werner-Bild.png 334w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Prof.-Dr.-Henning-Werner-Bild-300x193.png 300w\" sizes=\"(max-width: 334px) 100vw, 334px\" \/><\/div><\/div><\/div><\/div><div  class='flex_column av-3yaybm-4d1604fc2434b15af516bedad5a8fb9a av_two_fifth  avia-builder-el-189  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-lwp3cg9u-9b23ddd39144df7f8e277853a3ecad59 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>ABOUT THE AUTHOR<\/strong><\/p>\n<p>Prof. Dr. Henning Werner is a Professor of Transformation, Restructuring &amp; Turnaround at SRH University Heidelberg and the Director of the IfUS Institute for Business Development &amp; Restructuring based at the university. He is, among other things, the editor of the standard work Crone\/Werner &#8220;Modern Turnaround Management&#8221; (6th edition), a scientific advisor of the BDU Specialist Association for Restructuring and Insolvency Consulting, and an editorial board member of the KSI Journal for Crisis, Restructuring, and Insolvency Consulting. Since 2021, the IfUS Institute has offered a unique certification course in Germany for Transformation &amp; Turnaround Managers. This course provides practical tools for the effective implementation of transformation projects.<\/p>\n<p>E-Mail: <a href=\"mailto:henning.werner@ifus-institut.de\">henning.werner@ifus-institut.de<\/a><\/p>\n<\/div><\/section><\/div><div  class='flex_column av-279sia-e7babd654e6491ec03d97ed31f3ad50b av_one_fifth  avia-builder-el-191  el_after_av_two_fifth  el_before_av_heading  flex_column_div  column-top-margin'     ><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp3lkg8-72ef932b93128621c9753876a70aa661\">\n#top .av-special-heading.av-lwp3lkg8-72ef932b93128621c9753876a70aa661{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-lwp3lkg8-72ef932b93128621c9753876a70aa661 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-lwp3lkg8-72ef932b93128621c9753876a70aa661 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-lwp3lkg8-72ef932b93128621c9753876a70aa661 av-special-heading-h3 blockquote modern-quote modern-centered  avia-builder-el-192  el_after_av_one_fifth  el_before_av_one_fifth '><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >About the partners involved<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n<div class='flex_column_table av-qo76lu-e7838d7fbce43d66bbbbd88c6130dd53 sc-av_one_fifth av-equal-height-column-flextable'><div  class='flex_column av-qo76lu-e7838d7fbce43d66bbbbd88c6130dd53 av_one_fifth  avia-builder-el-193  el_after_av_heading  el_before_av_one_fifth  first flex_column_table_cell av-equal-height-column av-align-middle  '     ><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-pfhyia-091e46d172066f82ddfd1165580bef3e av_one_fifth  avia-builder-el-194  el_after_av_one_fifth  el_before_av_two_fifth  flex_column_table_cell av-equal-height-column av-align-middle  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp3q9hq-d3a8e54e866a9825937a68f2f1e47f82\">\n.avia-image-container.av-lwp3q9hq-d3a8e54e866a9825937a68f2f1e47f82 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp3q9hq-d3a8e54e866a9825937a68f2f1e47f82 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp3q9hq-d3a8e54e866a9825937a68f2f1e47f82 av-styling- avia-align-center  avia-builder-el-195  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6564 avia-img-lazy-loading-not-6564 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/SRH-Hochschule-Logo.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='SRH Hochschule Logo'  height=\"201\" width=\"302\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/SRH-Hochschule-Logo.png 302w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/SRH-Hochschule-Logo-300x200.png 300w\" sizes=\"(max-width: 302px) 100vw, 302px\" \/><\/div><\/div><\/div><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-oqbjc2-94b28e57400ac2831d69be51ef8c0d16 av_two_fifth  avia-builder-el-196  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  '     ><section  class='av_textblock_section av-lwp3my7s-2a0f36efb7114b719a2993ac44753316 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>SRH University Heidelberg is one of the oldest and largest private universities in Germany. Currently, around 3,300 students are enrolled in six faculties. The university offers future-oriented degree programs in business, computer science, engineering, social sciences, law, therapy sciences, and applied psychology. Since 2012, the university has been teaching according to its specially developed CORE (Competence Oriented Research and Education) model. By employing innovative teaching, learning, and assessment methods, active and self-directed study is placed at the forefront. SRH University Heidelberg is state-recognized and accredited by the Science Council. It is part of the SRH Holding university network, an independent foundation that operates educational institutions and hospitals nationwide.<\/p>\n<\/div><\/section><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-mzfipe-9c465ef1b0c83298839783a3799c102b av_one_fifth  avia-builder-el-198  el_after_av_two_fifth  el_before_av_one_fifth  flex_column_table_cell av-equal-height-column av-align-middle  '     ><\/div><\/div><div  class='flex_column av-k4463m-d4be855d7559cdaac036be2d6e33440b av_one_fifth  avia-builder-el-199  el_after_av_one_fifth  el_before_av_one_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-ixtbki-2e390e974793481d616bf117e1e32cd2 av_one_fifth  avia-builder-el-200  el_after_av_one_fifth  el_before_av_two_fifth  flex_column_div  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp3pxmu-9e0f94712ab9faf901792535205b4dee\">\n.avia-image-container.av-lwp3pxmu-9e0f94712ab9faf901792535205b4dee img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp3pxmu-9e0f94712ab9faf901792535205b4dee .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp3pxmu-9e0f94712ab9faf901792535205b4dee av-styling- avia-align-center  avia-builder-el-201  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6562 avia-img-lazy-loading-not-6562 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/IfUS-Institut-Logo.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='IfUS Institut Logo'  height=\"173\" width=\"398\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/IfUS-Institut-Logo.png 398w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/IfUS-Institut-Logo-300x130.png 300w\" sizes=\"(max-width: 398px) 100vw, 398px\" \/><\/div><\/div><\/div><\/div><div  class='flex_column av-hvn09e-eb3a73ea076fb39c49b1d8b1049f3380 av_two_fifth  avia-builder-el-202  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-lwp3phc4-614069e5140052bf4f7c151d0461ae47 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>The IfUS Institute for Corporate Development &amp; Restructuring, located at SRH University Heidelberg, offers practice-oriented training programs, events, and specialized information in the areas of transformation, restructuring, and turnaround (<a href=\"http:\/\/www.ifus-institut.de\" target=\"_new\" rel=\"noreferrer noopener\">www.ifus-institut.de<\/a>). The IfUS Institute conducts certificate courses, including Restructuring and Turnaround Advisor and Transformation &amp; Turnaround Manager programs.<\/p>\n<\/div><\/section><\/div><div  class='flex_column av-fgmpwy-af67c2806b8b5c8a343f8b305387d341 av_one_fifth  avia-builder-el-204  el_after_av_two_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-emqbwy-e80f10d99c1a70ed6d331f72b0173adb av_one_fifth  avia-builder-el-205  el_after_av_one_fifth  el_before_av_one_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-c02u5u-7d802d44e391a79680d005b4c8377bd4 av_one_fifth  avia-builder-el-206  el_after_av_one_fifth  el_before_av_two_fifth  flex_column_div  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp3raay-85549729de89a89138eecdb2ca8d88d6\">\n.avia-image-container.av-lwp3raay-85549729de89a89138eecdb2ca8d88d6 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp3raay-85549729de89a89138eecdb2ca8d88d6 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp3raay-85549729de89a89138eecdb2ca8d88d6 av-styling- avia-align-center  avia-builder-el-207  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6566 avia-img-lazy-loading-not-6566 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Struktur-Management-Partner-Logo.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='Struktur Management Partner Logo'  height=\"179\" width=\"408\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Struktur-Management-Partner-Logo.png 408w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/Struktur-Management-Partner-Logo-300x132.png 300w\" sizes=\"(max-width: 408px) 100vw, 408px\" \/><\/div><\/div><\/div><\/div><div  class='flex_column av-apjt8i-9fbfc710e96682d4961d21a1a76ea34e av_two_fifth  avia-builder-el-208  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-lwp3qzso-dac73b6a25bc164eb97b434addfa8cdf '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>We are the number one contact and leading value enhancer for the upper echelon of the German mid-sized sector, with a team of 100 experts. We specialize in successful turnarounds, growing entrepreneurial resilience, and effective digitalization, boasting a recommendation rate of 98%. Our motto: We are there when it\u2019s serious or sincerely meant, from concept to implementation. We deliver the highest return on investment with our proprietary value-oriented business model approach.<\/p>\n<\/div><\/section><\/div><div  class='flex_column av-8rso02-b0836652c82f2fff9b67f4f630f37557 av_one_fifth  avia-builder-el-210  el_after_av_two_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-7djw9e-b10a761468fe1ac20305c51a4bc099e3 av_one_fifth  avia-builder-el-211  el_after_av_one_fifth  el_before_av_one_fifth  first flex_column_div  column-top-margin'     ><\/div><div  class='flex_column av-n6rbm-56afd2f66992325dea6c5f9d359ecf3b av_one_fifth  avia-builder-el-212  el_after_av_one_fifth  el_before_av_two_fifth  flex_column_div  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lwp3si5a-22f2f0d24a24c2b5638723ddbb702330\">\n.avia-image-container.av-lwp3si5a-22f2f0d24a24c2b5638723ddbb702330 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lwp3si5a-22f2f0d24a24c2b5638723ddbb702330 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lwp3si5a-22f2f0d24a24c2b5638723ddbb702330 av-styling- avia-align-center  avia-builder-el-213  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-6568 avia-img-lazy-loading-not-6568 avia_image ' src=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/EIP-Logo.png\" alt=\"Chief Transformation Officer (CTO) - English Version\" title='EIP Logo'  height=\"192\" width=\"365\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/EIP-Logo.png 365w, https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/EIP-Logo-300x158.png 300w\" sizes=\"(max-width: 365px) 100vw, 365px\" \/><\/div><\/div><\/div><\/div><div  class='flex_column av-46zgbm-3ec9dc887c761c9585f5c8be6c017e93 av_two_fifth  avia-builder-el-214  el_after_av_one_fifth  el_before_av_one_fifth  flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-lwp3s69j-229aba802c9896739528dd02952fde23 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>EXECUTIVE INTERIM PARTNERS (<a href=\"http:\/\/www.eip.de\" target=\"_new\" rel=\"noreferrer noopener\">www.eip.de<\/a>) is an entrepreneurial team of experienced interim managers that supports companies in special situations, such as restructurings, turnarounds, or transformations, at the C-level in an executive capacity. EIP&#8217;s clients include medium-sized family businesses, private equity investments, and corporate groups.<\/p>\n<\/div><\/section><\/div><div  class='flex_column av-2trz6a-3eb2d0395bff352b422fc5481f294add av_one_fifth  avia-builder-el-216  el_after_av_two_fifth  avia-builder-el-last  flex_column_div  column-top-margin'     ><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":6618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[110],"tags":[],"class_list":["post-6632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publications"],"yoast_head":"\n<title>Chief Transformation Officer (CTO) - English Version - Executive Interim Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/executive-interim-partners.de\/en\/publications\/chief-transformation-officer-cto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chief Transformation Officer (CTO) - English Version - Executive Interim Partners\" \/>\n<meta property=\"og:url\" content=\"https:\/\/executive-interim-partners.de\/en\/publications\/chief-transformation-officer-cto\/\" \/>\n<meta property=\"og:site_name\" content=\"Executive Interim Partners\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-19T07:05:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-26T10:29:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/executive-interim-partners.de\/wp-content\/uploads\/2024\/05\/0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"732\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"sh_2h093hd2\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sh_2h093hd2\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"33 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/executive-interim-partners.de\\\/en\\\/publications\\\/chief-transformation-officer-cto\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/executive-interim-partners.de\\\/en\\\/publications\\\/chief-transformation-officer-cto\\\/\"},\"author\":{\"name\":\"sh_2h093hd2\",\"@id\":\"https:\\\/\\\/executive-interim-partners.de\\\/#\\\/schema\\\/person\\\/d77fb5192486a48a598ec150be675308\"},\"headline\":\"Chief Transformation Officer (CTO) &#8211; 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