MORGES, Switzerland, October 19, 2011 /PRNewswire/ --
CA Technologies (NASDAQ:CA) today announced that a new global report, 'The Future Role of the CIO 2011; Becoming the Boss' has uncovered hungry CIOs wanting to advance their careers from technology to business leadership. The report reveals that 53% of CIOs feel ideally positioned to move to the CEO role but that other executive roles have more experience of the skills required to become the CEO. This is corroborated by the research which also uncovered that of today's current CEOs, 29% have risen from the CFO position, 23% were previously COO, compared to the 4% of CEOs who have risen from the CIO position.
"Today technology is at the heart of business strategy for many organizations and is no longer seen as a support function merely aligned with the business, but rather as the principal driver of business transformation to gain competitive advantage. The modern CIO is an experienced professional with an eye for the bigger picture – they just happen to have an aptitude for applying technology, as evidenced by the results in this report," said Jacob Lamm, Executive Vice President, Strategy and Corporate Development, CA Technologies.
"Finding a suitable successor is a critical component of the Chief Executive's role in many businesses. The traditional way that companies have groomed C-level executives however is overdue for a refresh. The research shows that progression from COO and CFO are the most common routes to the top, but the research also reveals that modern CIOs are not only a contender for the role, but also a serious candidate with unique advantages over their peers," commented Sarah Greensmith, Managing Director, IT at Hudson the executive search specialists.
Information and links at: http://www.pitchengine.com/preview-release.php?id=181784
About CA Technologies
CA Technologies (NASDAQ: CA) is an IT management software and solutions company with expertise across all IT environments - from mainframe and distributed, to virtual and cloud. CA Technologies manages and secures IT environments and enables customers to deliver more flexible IT services. CA Technologies' innovative products and services provide the insight and control essential for IT organisations to power business agility. The majority of the Global Fortune 500 relies on CA Technologies to manage evolving IT ecosystems. For additional information, visit CA Technologies at http://www.ca.com.
SOURCE CA Technologies