Businesses have fallen in love with the aphorism, “Every company is becoming a technology company,” owing to the importance of digital capabilities. Some companies are taking that idea a step further by hiring CIOs as presidents, COOs and CEOs.
Tapping IT leaders as head honchos does not yet qualify as a trend, but more companies may install CIOs as CEOs if they have led massive transformations, says Khalid Kark, managing director of Deloitte’s CIO program. Digital-minded CIOs may be the only executives with experience managing the velocity of change required to help a business avoid disruption — or recover from it when it happens.
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