The research, carried out by Mori for BIE/Board-level Interim Executive, found that FDs account for 43% of all interim appointments made, and the majority of them occur after an unexpected departure.
It also showed that company chiefs generally favour hiring interim executives over management consultants.
The results of the survey are not surprising, according to Martin Wood, managing director of BIE.
‘Finance skills are easily transferable, they can work across all industries,’ he said.
But he added that interim finance directors are difficult to find.
‘They have to be able to hit the deck running,’ he said, explaining that they must deal with a new boss, instil confidence in a team, and learn the finances quickly. He also said that many board-level directors, who are usually in their 40s and 50s, are put off by interim work because ‘a lot of these jobs are out of the suitcase.’
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up