CFOs replacing CIOs?
October 27, 2005 at 7:12 pm by Will Crawford in MBA, Software | 1 CommentJohn Norman, one of my esteemed co-authors on Java Enterprise in a Nutshell, pointed me towards an InfoWorld article from last week: Are CIOs headed for extinction? In short, Sarbanes Oxley compliance requirements have tied corporate IS departments closer to the finance functions. Some companies are eliminating the CIO post entirely and shifting responsibility to the CFO.
There was some discussion in the business press over the last year about the trend to shift the responsibilities of COOs to CFOs as well. So when is an empowered CFO not a CFO anymore?
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[...] A few months ago I wrote about CFOs replacing CIOs. Phil Windley of BYU has some comments on the latest survey here. It looks like the trend has shifted. There was a small increase in the number of CIOs reporting directly to the CEO, and a sharp drop in the number of CIOs reporting into CFOs. In addition, the CIOs reporting to CEOs were far more likely to be involved in strategic management than the ones reporting to the CFO. [...]
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