An interim CEO is a temporary chief executive officer appointed to lead a company during a transitional period. This situation often arises when the previous CEO resigns, retires, or is terminated, and the organization needs time to find a permanent replacement. The interim CEO's role is to maintain stability and ensure that the company's operations continue smoothly. Interim CEOs are typically experienced leaders who can quickly adapt to the company's culture and challenges. They may also implement necessary changes or strategies while the search for a permanent CEO, often conducted by a board of directors, is underway.