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Survey Finds Technology Officials Most Likely to Report to CEO
MENLO PARK, CA -- Technology executives have a direct line to their companies' key decision makers, according to a recent executive survey. Forty-five percent of chief financial officers (CFOs) polled said their firm's most senior information technology (IT) official reports to the chief executive officer (CEO). Fifteen percent of respondents said they personally supervise the top IT professional in their organization.
The survey was developed by RHI Management Resources, North America's largest consulting services firm providing senior-level accounting and finance professionals on a project basis. It was conducted by an independent research firm and includes responses from 1,400 CFOs from a stratified random sample of U.S. companies with more than 20 employees.
CFOs were asked, "To whom does the most senior information technology official in your company report?" Their responses:
|Chief Executive Officer||45%|
|Chief Financial Officer||15%|
|Chief Operating Officer||8%|
|Don't know/no answer||6%|
"Technology initiatives continue to play an integral role in a company's competitiveness and overall business strategy, which has led many firms to shift IT reporting responsibilities from the CFO to the CEO," said Paul McDonald, executive director of RHI Management Resources.
McDonald pointed out that those firms that have maintained the traditional CFO reporting structure likely do so because of the interdependence of technology and accounting. "Enterprise-wide information systems projects and e-business initiatives often require collaboration with the accounting department on related purchasing activity and implementation efforts. The two groups must also work together to design and manage the firm's financial software applications."
RHI Management Resources has locations in major cities throughout North America, Europe and Australia, and offers online job search services at www.rhimr.com.
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