Cerius Interim Expands by Providing Executive Solutions to Growth-focused Small and Mid-sized Businesses
VHA Prepaid Wireless and Creative Teaching Press Demonstrate Use of Interim Executives for Flexibility, Cost Savings and Faster Bottom Line Results ALISO VIEJO, Calif.--(Business Wire)-- Cerius Interim Executive Solutions, the North American leader in delivering interim executive management solutions to small and medium-sized businesses (SMBs), today announced two executive engagements that demonstrate a shift in SMB growth strategy during challenging economic times. VHA, the leading prepaid wireless distribution company in America, has engaged Cerius to provide executive management solutions as it grows its retail strategy. Simultaneously, Creative Teaching Press, a recognized leader of supplementary educational resources for grades PreK-8, has successfully concluded an engagement with Cerius. Cerius provided the company with an interim director of operations who exceeded business performance objectives, then transferred leadership to a new full-time employee. According to a January 2009 report published by the Human Capital Institute (HCI), 14 percent of SMBs surveyed will use contract talent for senior managers and executives who help lead the organization. The interim executive strategy is cost-effective, enabling immediate problem-solving and quick delivery of results. "During this recession, SMBs have cut key executive functions to minimize costs, and at the same time, they fully grasp that this downturn represents an opportunity to refocus their business operations and growth strategies," said Pamela Wasley, president and CEO of Cerius Interim Executive Solutions. "Our objective is to provide leadership on-demand solutions - interim executives - who can step into any role across the top of these organizations, enabling Cerius` clients to take their companies to the next level faster." Using interim executives allows SMB leaders the flexibility to engage an experienced executive on a part-time or full-time basis, for a specific period of time, making this strategy more cost effective than hiring a full-time executive. Cerius has experienced 52% revenue growth since the recession began, indicating the growing acceptance of this new executive strategy. According to the same report by HCI, 76% of SMBs surveyed view the strategic use of contract talent as a way to enhance its competitiveness and profitability. "We thought we would get improved operations, but what we got was an entirely new, performance-based approach to all company activities and the insights necessary to make substantial strategic changes," said Jim Connelly, CEO of Creative Teaching Press. "The most notable outcomes from our Cerius Interim engagement were: balancing supply chain activities that produced a 20% reduction of inventory on hand while reducing customer backorders by 50%; and a reduction of warehouse space requirements by nearly 20% that allowed us to renegotiate the building office lease." About Cerius Interim Executive Solutions Cerius Interim Executive Solutions is the North American leader in delivering interim executive management solutions with the innovation and speed that small to medium-sized businesses need to tackle their business opportunities or to mitigate risk. Cerius leverages the skill and experience of its deep pool of more than 500 Interim Executives, who bring the broadest array of industry and functional experience to deliver best-in-class leadership on-demand to the market. Customers include Creative Teaching Press, San Diego International Airport and ConAgra Foods. Cerius is headquartered in Aliso Viejo, California. For more information visit www.ceriusinterim.com or call 949-250-0500. NOTE TO EDITOR: A case study of the Creative Teaching Press engagement is available at http://www.ceriusinterim.com. PowerMark for Cerius Gina Ray, 949-370-0941 gray@thepowermarkgroup.com Copyright Business Wire 2009
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