An Interim CEO is a temporary leader appointed to manage a company during a transition period. This situation often arises when the previous CEO resigns, is terminated, or is on leave. The interim CEO's primary role is to maintain stability and ensure that the organization continues to operate smoothly while a permanent replacement is sought. Interim CEOs are typically experienced executives who can quickly adapt to the company's culture and challenges. They may also implement necessary changes or strategies to improve performance. Their tenure can last from a few weeks to several months, depending on how long it takes to find a suitable permanent CEO.