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Tuesday, 04 June 2013 15:43

Are Fortune 500 CIOs Home Grown or Hired from the Outside? Featured

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36 of the 63 CIOs (57%) have prior CIO experience at the divisional or corporate level. There is little difference by gender or age or company size in the percentage that have experience, and the only difference in education is that first-time CIOs tend to be more educated, including as MBA holders.

Figure 12: First Time vs. Experienced

First Time vs. Experienced

A strong pattern emerges when we look at CIO experience and source together. 85% of the CIOs joining from outside (24 of 28) have prior experience in the role, while only 34% of the insiders (12 of 35) have been in the role before, either as a divisional CIO or with an earlier employer. The other way to look at it: among first-time CIOs, 85% are insiders. That’s a real contrast, but not at all surprising. Keep in mind that many companies’ promotion paths may not include divisional CIO roles, and that companies look for more experience in less familiar outside candidates. When one promotes from within, the person is a known entity and presumably fits and embodies the culture. If the person comes from another company, prior experience in the role mitigates risk.

Figure 13: First Time vs. Experienced - Insider vs. Outsider

First Time vs. Experienced - Insider vs. Outsider

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

Read 13511 times Last modified on Friday, 07 August 2020 18:04
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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