What we all share among BIM students is a passion for technology, and the belief that digital transformation is THE leverage for companies to gain a strategic advantage and win over competitors. Most of us plan to bring new ideas and tools into big organization and lead the change that will make them more data-driven or tech-focused. Some of us hope to become CIOs in the future, and manage the IT projects of a company. Then, for those who may be interested to enlarge their career scope and wish to become CEOs: is there any correlation between CIOs and CEOs?
Unfortunately, a recent article from Financial Times (listed in the references) points out that “despite the need for technological know-how at the top of organisations, there is no great trend of chief information officers becoming chief executives”. Truth is that many Chief Information Officers do not even aspire to become CEOs. However, those who have the ambition, may not have the experience needed to succeed. A tip is for CIOs to get a job into young “disrupter” companies that heavily rely on technology to deliver their products. Another advice is to critically assess the importance of technology in the organization: is it considered as a strategic asset? Does the CIO get to seat at the table of the board and executive management team meetings? If the answer is no, then the CIO will never be in the running for the top spot in that company.
Still, several success cases are presented that give hope to digital-enthusiast CEO-wannabes: Anthony Watson, former CIO for the retail banking arm of Barclays and then Nike, is now leading a blockchain-focused startup; Lars Fruergaard Jorgensen, former CIO and now CEO of pharma company Novo Nordisk; or Janie Miller, CEO of GE Transportation. However, what they all have in common is a diversified background: some finance, accounting, supply chain, etc., before moving to CIO positions. Broad experience and a great record across a range of disciplines is what sets apart those CIOs who do make it to the top.
Financial Times: https://www.ft.com/content/c13883d0-4a98-11e6-8d68-72e9211e86ab