Hire a Fractional CEO
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Hiring Guide

Hire a
Fractional CEO

Complete guide to finding, vetting, and hiring the perfect fractional Chief Executive Officer.

3-6 Weeks
To Hire
90 Days
To Impact
25+
Candidates
3-5
Candidates to Interview
6-12 Months
Typical Engagement
£1k-2k
Day Rate Range
60 Days
Notice Period
Sourcing

Where to Find Fractional CEOs

🏦

PE/VC Networks

Portfolio company operating partners and executive talent pools.

Pros:
High calibre, proven track records
Best For:
PE-backed companies
🔍

Executive Search

Search firms with fractional/interim practices (Odgers, Korn Ferry, Spencer Stuart).

Pros:
Curated, confidential process
Best For:
Confidential searches
🎯

Fractional Platforms

Platforms like Fractional.Quest, Bolster, Chief, or Interim Hub.

Pros:
Fast matching, transparent rates
Best For:
Quick placement
🌟

Board Networks

Ask existing board members, investors, or NEDs for referrals.

Pros:
Trusted recommendations
Best For:
Companies with strong boards
👥

YPO/Vistage Alumni

CEO peer groups with members seeking fractional opportunities.

Pros:
Peer-vetted executives
Best For:
Finding culturally aligned CEOs
🎤

Industry Events

SaaStr, Web Summit, or sector-specific CEO gatherings.

Pros:
Meet in person, assess fit
Best For:
Specific industry expertise
Evaluation

What to Look For

1. Exit & Scale Experience

Have they successfully scaled and/or exited a company? Look for IPO, trade sale, or significant growth milestones at your target stage.

✅ Look For

Exits over £50M, scaled from £5M to £50M+ ARR, clear metrics

🚩 Red Flag

No exits or only failed companies

2. Board & Investor Management

Can they manage board relationships and investor expectations? This is critical for fractional CEOs working with founders.

✅ Look For

Board seat experience, fundraising track record, investor relations

🚩 Red Flag

Never reported to a board or managed investors

3. Founder Collaboration

Can they work alongside a founder without ego conflicts? Fractional CEOs often support founders, not replace them.

✅ Look For

Experience as COO or #2, clear partnership approach, coaching mindset

🚩 Red Flag

Only been CEO, dismissive of founder involvement

4. Operational Depth

Do they understand operations beyond strategy? Can they build teams, manage P&L, and make hard decisions?

✅ Look For

P&L ownership, team building, operational KPIs, hard decisions made

🚩 Red Flag

Only strategic/advisory, no operational delivery

5. Turnaround Experience

Have they led companies through difficult transitions, pivots, or turnarounds?

✅ Look For

Restructuring experience, cost reduction, strategic pivots

🚩 Red Flag

Only worked in high-growth scenarios

6. Fractional Model Fit

Do they understand fractional working? Managing time, being effective in 2 days/week, clear priorities.

✅ Look For

2-4 current clients, clear systems, portfolio approach

🚩 Red Flag

First fractional role, wants full-time really

The Hiring Process

1

Brief

Tell us about your needs, company stage, and what you're looking for in a fractional executive.

2

Match

We curate a shortlist of pre-vetted fractional executives who match your specific requirements.

3

Meet

Interview your top candidates. We handle scheduling and provide interview frameworks.

4

Start

Your fractional executive begins within days. We support onboarding and ongoing success.

Frequently Asked Questions

Typically 3-6 weeks due to the senior nature of the role. Board involvement and reference checks take longer. Includes defining requirements, sourcing (1-2 weeks), interviews (2-3 weeks), and onboarding.
Main sources: (1) PE/VC operating partner networks, (2) Executive search firms with fractional practices, (3) Fractional.Quest and similar platforms, (4) Board advisor networks, (5) YPO/Vistage alumni communities.
Key criteria: (1) Successful exit experience, (2) Experience at your company stage, (3) Board and investor management skills, (4) Turnaround or scaling expertise, (5) Ability to work alongside founders.
Day rates range from £1,000-£2,000 depending on experience. Most engagements are 1-2 days per week (£4,000-£8,000/month). PE/VC operating partners may charge more. Equity may be included.
Fractional CEO: ongoing strategic support alongside founder, 1-3 days/week. Interim CEO: full-time replacement during transition, 6-12 month fixed term. Fractional is 50-70% less expensive.

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