Tuesday, 04 June 2013 15:44

Who Appointed CIOs in the Fortune 500?

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We examined 63 corporate level CIO appointments (in 62 companies) between January 1, 2011 and June 30, 2012. The full list is at the end of the report.

All companies are over $4B in 2011 revenue (revenue figures are from the Fortune 500 list whenever available). Average company revenues are $40B, and the median is roughly $15B. Average revenue is skewed by the presence of Walmart at $447B. Five other companies are over $100B: General Motors, Hewlett-Packard, Bank of America, CVS/Caremark, and IBM. We divided the companies into three groups in order to note any strong contrasts by company size.

Figure 1: Number of Companies by Revenue Segment

Number of Companies by Revenue Segment

As the regional distribution chart shows, we focused on companies based in the U.S. or based in Europe and with a strong U.S. presence. Many of the companies are global in their markets and operations. The highest concentration of companies is in the Northeast.

Figure 2: Number of Companies by Region

Number of Companies by Region

The companies span many industries, with the highest representation in financial services, where changes in the executive ranks are perhaps a by-product of the economic downturn and recent industry turmoil.

Figure 3: Industry Distribution

Industry Distribution

Click here to read the full report on Fortune 500 CIO Succession.

Read 3277 times Last modified on Thursday, 27 August 2020 11:11
Dora Vell

Managing Partner

Dora Vell is the CEO of Vell Executive Search, a boutique executive search firm in Boston that recruits technology executives and board members for companies ranging from promising tech startups to Fortune 100 companies. Throughout her 22-year career in executive search, she has successfully completed hundreds of assignments, placing board members, CEOs, COOs, CIOs, technology officers, vice presidents and many other C-level executives. Vell’s clients span both private and public companies and her work has included searches in markets large and small across the U.S. and Canada.

Prior to founding Vell Executive Search in 2005, she was a partner at the executive search consulting firm Heidrick & Struggles for seven years. She started in the Technology Practice in the Toronto office, became the firm’s Technology Practice leader for Canada, and then joined the firm’s Boston office.

Before her career in executive search, Vell worked for 11 years at IBM Canada in software-related roles of increasing responsibility. She started as a software engineer, managed a software engineering team of 100, and then led software sales for IBM Canada. She holds seven worldwide software patents. This deep industry understanding has helped Vell Executive Search become a recognized leader in finding senior executive and board talent for software and SaaS companies.

Vell is a recognized industry thought leader who has published several reports on governance and leadership topics. She has been frequently quoted as an expert on executive and board leadership by outlets such as 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 has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell has been a Fellow of the National Association of Corporate Directors (NACD) and the Boston CEO Roundtable. She has served on the boards of Framingham State University, Entrepreneur's Organization, Goodwill, Mary Centre for Developmentally Handicapped Adults, garage.ca, and RBC Capital Partners.

The trilingual daughter of a diplomat, Vell grew up in Canada, Greece, France, Switzerland and China. Her unique multicultural and international perspective, experiences as a woman in the male-dominated software field, and insights as a dual Canadian and U.S. citizen inform all her work for clients.

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

Areas of Practice:

  • C-Level Technology Executives
  • CEOs, CROs, Heads of Sales, Heads of Marketing, Chief Product Officers
  • Technology Officers: CTOs, CIOs, Heads of Engineering, CISOs, Chief Data Officers
  • Board Directors
  • Diversity Executives and Board Directors
  • Canadian Executives and Board Directors



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