Monday, 25 February 2013 12:04

CIO Succession - Basic Demographics Featured

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The average age of the CIOs when appointed is 49.5, and 76% are between 45 and 54. The youngest, at 38, is with Starbucks. The two oldest, at 58, are with AutoZone and H.J. Heinz. The average age is the same for men and women. Thus, most of these executives have plenty of "run room" left in their careers.

Larger companies tend to appoint older CIOs, with 65% age 50 or older, reflecting their tendency to promote long-tenured candidates. And outsider CIOs are a bit older than those who are inside appointments, suggesting that companies seek more experience in outside candidates than in inside candidates whose track records are well known.

Figure 4: CIO Age by Company Size

CIO Age by Company Size

37% of these CIOs are women. The larger companies have a higher concentration of women as CIO appointments, including at some of the largest-Walmart, Bank of America, and IBM. Among CIOs joining from the outside, the women tend to be younger than the men. The opposite is true for insider CIOs, suggesting that some companies still make women executives prove themselves for longer periods before promotion.

Figure 5: CIO Gender by Company Size

CIO Gender by Company Size

The preponderance (83%) of these CIOs are Caucasian. Three are African-American, and seven are of Indian background. The latter is not surprising given the outstanding technical credentials and high levels of education of many individuals of Indian and Indian-American origin.

 

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Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults, garage.ca, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

www.vell.com/

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