Interim management and executive recruitment company Executives Online has been awarded a master franchise in Germany.  

The opening of the German office follows the organisation’s award of its first master franchise agreement in South Africa in December.

Stephan H Aschenbrenner will head up the new operation in Cologne.

James O’Brien, franchise director at Executives Online, says: “As one of the power houses of Europe, Germany’s job market remained robust throughout 2009 despite the economic recession.

“As businesses around the world prepare for the cessation of the recession, interim management is being deployed as a key tool for companies to looking to return to growth. The UK has the largest interim management market but other European countries are quickly catching up.”