The role does not fill the entire week. The expertise is still required.

In a twenty-million-euro company, there isn’t always five days’ worth of work per week for a full-time CFO or CTO. Nevertheless, the board and investors expect the same level of professionalism as they would from larger companies.

What does a fractional executive mean?

A fractional executive is an experienced leader who works for a company part-time and on a long-term basis, for example, two days a week indefinitely. The difference from an interim manager lies in duration and purpose: an interim comes in to handle a specific situation, while a fractional executive manages the role continuously with a smaller contribution.

In Finnish, this is also referred to as a part-time leader or shared leadership. It refers to the same concept.

Fractional or interim?

Fractional or part-timeInterim
PurposeThe role is permanent but does not fill the entire weekDefined situation: absence, change, or project
DurationContinuous, indefinitelyTypically months
Workload1–3 days per weekFull- or part-time depending on the situation
Typical situationGrowth company that does not yet have its own CFO or CTOA leader left, a deal is pending, or performance is declining

If you are not sure which one it is, describe the situation and we will tell you. Interim or recruitment →

Which roles are suitable for part-time leadership?

Part-time CFO

Bookkeeping is handled by an accounting firm and a controller produces reports, but no one is leading the finance function, negotiating with financiers, or sitting on the board as a financial representative.

Solution: a part-time interim CFO.

Part-time CTO

A development team exists or has been purchased from a partner, but architecture, information security, and supplier agreements are without an owner.

Solution: a part-time interim CTO.

Part-time CMO

Marketing relies on one employee and two agencies. Campaigns are executed, but no one asks if they are generating sales.

Solution: a part-time interim CMO.

Part-time HR Director

There are hundreds of employees, but there is no full-time need for an HR Director. Nevertheless, supervisors need support and practices must be in order.

Solution: a part-time interim HR Director.

Three questions to identify the need

  1. Are there weekly decisions in the role that no one else can make? If so, the role exists, even if it doesn’t fill a whole week.
  2. Who is handling the role now? Most often, the answer is the CEO on top of their own workload.
  3. What will the board or investor ask at the next meeting? If the answer requires work that hasn’t been assigned to anyone, the need is real.

Part-time is not a compromise. It is a way to get an experienced professional into a role where a full-time salary would be excessive.

How a part-time executive starts

Tell us about your situation

We will go through it in about half an hour. The assessment is free of charge and does not commit you to anything.

Proposal in 48 hours

You'll typically receive 2–4 carefully selected candidates with justifications within 48 hours. Not a long list of "just-okay" names.

The work starts

You meet the candidates and decide for yourself. A start is possible as early as next week.

Frequently Asked Questions

Typically one to three days per week. The amount is agreed upon in advance and can be adjusted as needs change.

Yes. In Cherry’s Pinterim model, the interim period also serves as a probationary period. Cherry Pinterim →

Yes. The role is the same as that of a full-time executive; only the workload is smaller. They participate in the management team and report to the board.

You only pay for days worked, and billing occurs once a month. The price depends on the complexity of the task and the workload. We will provide this after a free assessment. What does the cost consist of →

Read more about part-time leadership

Is it actually a different situation?

How many days a week do you need? Tell us about your situation.

A free assessment takes about half an hour. After that, you will know what kind of expert suits your situation, when they can start, and what it will cost.

In a hurry? Call any of us directly.

Are you an interim manager yourself? Apply for the Cherry Pool →