Why Some Companies Are Replacing Their CIO
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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. -
Succession Plan
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. -
Change Agents, Part I
74% said their company brought on a new CIO due to general dissatisfaction with the existing tech leadership and IT support. -
Change Agents, Part II
72% said their organization needed a new CIO because of a significant change in the company's direction or strategies. -
Top Reasons for Hiring a New CIO
Need for leadership and credibility: 45%, Strategic thinking and business alignment: 18%, Need for tech vision: 15% -
Top Focus Areas for CIOs
Talent Acquisition and Retention: 73%, Tech-enabled business transformation: 51%, Operational excellence: 32%, Cost reduction and investment optimization: 26% -
Culture and Talent
50% of the executives surveyed said a successful CIO will revamp the existing IT culture and talent. -
Dependable Delivery
49% said an effective CIO should be capable of completing one or more critical projects on time and on budget. -
Reaching Out
47% of the executives surveyed said a successful CIO should establish close relationships and alignments with business leaders. -
Lip Service
78% believe diversity and inclusion bring competitive advantage, but only 6% said their company ties compensation to diversity outcomes.
General dissatisfaction with tech leadership and IT support—as well as significant changes in company direction—are the most likely reasons that an organization will look to change its CIO, according to a recent survey from Deloitte. The accompanying report, "Taking Charge: The Essential Guide to CIO Transitions," indicates that stakeholders most frequently look for leadership and credibility in executive job candidates. They're also interested in whether a potential CIO demonstrates proven strategic thinking skills and the ability to align with the business. In addition, given the perceived issues with tech support, they want a CIO who's willing to revamp the existing IT culture and talent base. "CIOs will likely face many challenges and difficult decisions as they navigate the triangle of time, talent and relationships," according to the report. "This means creating a vision for prioritizing key business initiatives, developing talent and culture, and enhancing governance and operating models to build deeper business relationships. Increasingly, this also means crafting a digital strategy and stepping up as the digital leader of the organization by building multifunctional, agile, empowered teams that are accountable to deliver business impact; developing real-time information systems to support decision making; and encouraging staff to … experiment and adapt." More than 600 CIOs, C-suite executives and business leaders took part in the research.