Interim CEOs are gaining traction as companies navigate leadership turnover and shifting business demands. According to a recent report by Challenger, Gray & Christmas, nearly 25% of CEOs appointed in early 2025 were interim—up sharply from just 8% in the same period last year. 

Fast Company writes that the surge reflects both planned and unexpected changes at the top. Often, boards name an interim leader when a CEO exits suddenly, giving them time to conduct a thorough search for the right successor.

But interim appointments aren’t always stopgaps—many companies, especially in the mid-market or private equity space, are using temporary CEOs during strategic pivots, mergers or restructurings, Fast Company reports. 

These experienced leaders can offer fresh perspectives and stability during turbulent times. Some even go from “temp to perm,” proving their value before officially taking the role. 

However, experts caution against letting interim periods drag on. Prolonged uncertainty can unsettle teams and investors.

As Janice Ellis of business consulting firm Ellis Group points out, companies need clarity at the helm to maintain momentum and trust. With more retired CEOs open to flexible roles, interim leadership is becoming a strategic option, according to Fast Company.