CIO Tenures Plummet: Average Now Just Three to Five Years
Becker's Hospital Review
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Summary
The average tenure of CIOs has decreased significantly, with most serving three to five years, according to a report by Computer Weekly. This decline, contrasted with the longer tenures of CEOs and CFOs, reflects the rapid changes in technology leadership roles and the demands of digital transformation. The 2024 Nash Squared Digital Leadership Report reveals that over 70% of CIOs have been in their positions for less than five years, with nearly 40% serving for two years or less, indicating an increase in turnover since 2018. However, 17% of CIOs still maintain long-term roles spanning a decade or more, suggesting that some leaders successfully navigate the challenges of the technology landscape.
