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Tuesday, 04 June 2013 15:49

Fortune 500 CIO Succession – Differences By Company Size Featured

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We've mentioned a variety of correlations to company size. In this section, we summarize them.

Large company CIOs tend to be older, with 65% of them over 50 years old. That's expected, not only because it may take longer to come up through the ranks, but also because large companies seek very experienced executives, whether internally appointed or brought in. Companies over $10B appoint proportionally more women as CIOs. A plurality of the CIOs in each of our company size segments report to the CEO/President, and that happens most often-nearly half the time-in the $10-50B segment. Smaller companies are most likely to have the CIO reporting to a CFO or operations executive.

Figure 15: CIO Reporting Structure by Company Size

CIO Reporting Structure by Company Size

Medium and large companies are more likely to promote the CIO from within, and the 14-year average tenure of insider CIOs in large companies is double that of insider CIOs in smaller companies. Medium and large companies are also much more likely to appoint CIOs whose primary background is outside IT-all of the CIOs in our under $10B segment have primarily IT backgrounds. However, small company CIOs tend to have more advanced degrees, including more MBAs. So larger companies tend to rely more on experience gained in house, while smaller ones rely more on outside education to gain business breadth.

Figure 16: CIOs with MBAs by Company Size

CIOs with MBAs by Company Size

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

Read 7380 times Last modified on Friday, 07 August 2020 18:22
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,, 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.

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