TRANSITION??

Definition of 'Interim CEO'

A person appointed by a company's board of directors to assume the role of chief executive officer during a time of transition or as the result of the sudden departure of the company's previous CEO. These CEOs are tagged with the "interim" tag due to the fact that they have not officially been given the title of full-time CEO. Like many industry leaders, interim CEOs are often called upon to "steady the ship" in periods of great turmoil.