Why Some Companies Are Replacing Their CIO
Dissatisfaction with leadership and tech support has prompted many organizations to replace a CIO. Find out how you can reverse these negative sentiments.
64% of the executives surveyed said their company filled its last CIO position by appointing an internal candidate to the role, while the other respondents said they hired an external candidate.
74% said their company brought on a new CIO due to general dissatisfaction with the existing tech leadership and IT support.
72% said their organization needed a new CIO because of a significant change in the company’s direction or strategies.
Need for leadership and credibility: 45%,
Strategic thinking and business alignment: 18%,
Need for tech vision: 15%
Talent Acquisition and Retention: 73%,
Tech-enabled business transformation: 51%,
Operational excellence: 32%,
Cost reduction and investment optimization: 26%
50% of the executives surveyed said a successful CIO will revamp the existing IT culture and talent.
49% said an effective CIO should be capable of completing one or more critical projects on time and on budget.
47% of the executives surveyed said a successful CIO should establish close relationships and alignments with business leaders.
78% believe diversity and inclusion bring competitive advantage, but only 6% said their company ties compensation to diversity outcomes.