Published on November 28, 2023, 6:42 pm
Companies in various industries, including Southwest Airlines, Walgreens, and Citi, have made significant changes to their top tech leadership this year. These companies understand that sometimes a change in tech leadership is necessary to achieve their digital aspirations and adapt to evolving economic or business conditions.
There are several factors that can drive executive turnover, such as unexpected resignations, strategic shifts, or retirement of current leaders. In these cases, organizations often look for individuals within their upper management who have the potential to step up and take on the new responsibilities.
Here is a quick recap of some of the notable CIO appointments we covered this year:
– Jason Strle joined financial services firm Discover as its new CIO in July, succeeding Amir Arooni.
– Walgreens Boots Alliance appointed Neal Sample as its new EVP and CIO in November after the departure of former CIO Hsiao Wang.
– The Kellogg Company appointed Eric Firer as CIO for Kellogg North America in June.
– Marriott Vacations Worldwide welcomed Raman Bukkapatnam as its new CIO in July.
– Ocean Spray brought on board Neil Hampshire as its chief information and digital officer in October.
– Jonathan Lofthouse was elevated to the co-CIO role at a financial services firm in November, joining co-CIO Shadman Zafar.
– Colgate-Palmolive promoted David Foster to the CIO role after outgoing CIO Mike Crowe’s retirement.
– Chobani hired Tom Cullen from Corsair as its CIO in July.
– Southwest Airlines promoted Lauren Woods from VP of Technology to SVP and CIO in February following a major IT outage.
– Nordstrom recruited Jason Morris from Walmart Global Tech as its chief technology and information officer in May.
– McKesson promoted Francisco Fraga to be its EVP, CIO, and CTO in October.
These are just a few examples of the numerous leadership changes that have taken place this year. Companies are recognizing the importance of having competent and innovative tech leaders to drive digital transformation and navigate the rapidly evolving technology landscape.
In addition to these new appointments, there is a growing demand for technology executives who can effectively leverage generative AI. Developing customized strategies and implementing necessary guardrails in this area has become crucial for companies to stay competitive in today’s digital age.
While the COVID-19 pandemic has caused disruptions in various sectors, the unemployment rate remains relatively low. This suggests that laid-off workers have been absorbed back into the job market. However, it is worth noting that the number of tech occupations has seen a decline, according to CompTIA.
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