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Tuesday, 04 June 2013 15:44

Who Appointed CIOs in the Fortune 500? Featured

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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 3157 times Last modified on Thursday, 27 August 2020 11:11
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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