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CIO 100 shows CFO losing power to strategy directors

Edward Qualtrough | April 27, 2015
Latest edition of CIO 100 leaders confirms executive IT influence and trite adage technology no longer a cost centre.

Matt Ballantine commented: "A great business leader will have influence and be able to achieve what they need to do irrespective of reporting lines; ultimately they need to be able to win the trust and minds of just about everyone at board level."

Former CIO 100 high-flyer Ian Cohen added: "Certainly if you report to the CEO you have a formal route but equally there are CIOs who report functionally and have developed a great relationship with the CEO and other leadership executives.

"You could argue, in this regard, they exhibit greater influencing skills and transformational qualities as a result."

However, Ade McCormack warned against complacency and suggested IT leaders needed to evolve to stay relevant and guide the business in the digital age.

"I think the radical shift in respect of the CIO's relationship with other CxOs is in line with digital disruption," McCormack said.

"This is uplifting, but may only be temporary given that many CIOs signed up to manage the technology rather than leading digital. The extended remit may either not appeal, or even be a competence too far."

 

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