Our VP of Client Services and Underwriting is back from Egypt where he was invited to speak on Role of IT during a CIO conclave. I had a brief discussion with him about his Egypt visit when he managed to stump me with a question. Apparently he asked CIOs gathered in Egypt that why there were not many examples of CIOs becoming CEOs of corporations. Very simple. Because most of the deserving candidates are already CEOs of Info Tech companies!!!!
On a more seroius note, honestly, I hardly am aware of any examples, where a financial services or manufacturing company has a CIO becoming the CEO!!! Why is that? If Sales head, Finance head, HR head can become CEO, why not a CIO? In my VP’s opinion, CIOs lack business domain knowledge!!!