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Boyden Executive Monitor Reveals Companies Elevating Chief Digital Officers to Lead Transformation
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Press Releases
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NEW YORK and LONDON, Aug. 31, 2015 (GLOBE NEWSWIRE) -- Organizations
are hiring and elevating Chief Digital Officers (CDOs) to forge new
initiatives and digital strategies, build market share, and challenge
the status quo, according to the quarterly Executive Monitor released
today by Boyden Global Executive Search.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=35647.
"A CDO is a digitally savvy, business-driven leader who has what it
takes to transform a traditional business into a data-driven company,"
said Pierre Fouques Duparc, Leader of Boyden's Global Technology
Practice and Managing Partner, Boyden France. "They combine marketing
and management experience with technical know-how and strategic vision
to align and improve business operations across the enterprise."
The report covers the prioritization of CDOs and their teams in talent
acquisition, challenges in terms of upgrading and integrating digital
platforms, cybersecurity and data protection. The Executive Monitor
also looks at C-suite sentiment on CDO hiring, expected CDO trends, and
key related developments in big data, cloud, mobile, the Internet of
Things, 3D printing and drones.
"The best Chief Digital Officers are curious, flexible, adaptable, have
a view into the future, and are at ease in a change environment," said
Roger T. Duguay, Managing Partner, Boyden Montreal. "For many
companies, CDOs are also effectively taking on the role of Chief
Transformation Officer, with the goal of challenging the status quo and
taking the business to the next level. Our clients want CDOs who bring
fresh insight and know what needs to be done, even if they have never
done it before."
The new report from Boyden also focuses on the following topics
affecting CDO and digital team hiring:
-- CDOs as leaders of organizational initiatives as well as development of
digital products and services
-- Role of CEOs in driving digitalization
-- CDOs as the key partner of Chief Information Officers and Chief Marketing
Officers
-- Unexpected growth of CDOs in the public sector and government
-- Accelerated hiring of CDOs with economic recovery
"The CDO's new charter is a larger role, which includes guiding and
navigating the organization through the storm of digital
transformation," explained Dinesh Mirchandani, Managing Partner, Boyden
India and Global Board Member, Association of Executive Search
Consultants. "The CDO's new role allows the CMO to continue with the
core task of ensuring a healthy presence in markets, while the CIO
remains in charge of managing enterprise IT. When the CDO, CMO and CIO
work together as a team, the organization will emerge wiser and
stronger than before."
"Clients are engaging us in more and more Chief Digital Officer roles,
which are often better driven by the CIO rather than the CMO," added
Vicky Maxwell Davies, Partner, Boyden UK. "CIOs understand the business
model, big program delivery and big transformation, which includes data
and cybersecurity. Thus, if you're among the top five percent of CIOs,
you're among the best candidates for CDO positions."
The full Boyden Executive Monitor report is available at
www.boyden.com.
About Boyden World Corporation
Boyden is a global leader in retained executive search and talent
advisory services with more than 70 offices in over 40 countries.
Founded in 1946, Boyden specializes in senior executive search, interim
management and human capital consulting across a broad spectrum of
markets and sectors. For further information, please visit
www.boyden.com.
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