New Titles on the Rise
Chief Data Officer
Chief Digital Officer
Chief Innovation Officer
Chief Privacy Officer
Chief Procurement Officer
Chief Strategy Officer
Chief Sustainability Officer
Its not about being creative or quirky:
New Executive Titles are quickly emerging
The volatility of the economic climate these last few years has resulted in many changes to the business and economic landscape.
Disruptions to the organizational structure includes changes in the C-Suite as businesses adapt to emerging technologies and the resulting leadership requirements.
Ninjas, Evangelists, Muses, Gurus?
They are out there – the Chief Evangelist Officers, Software Development Ninjas, Human Factors Gurus, Innovation Muses, but the trend is moving more toward the fundamental style titles which show deliberate inclusion in the C-Suite, with little or no ambiguity about corporate responsibility.
Traditionally, C-level positions were focused on operations (COO – Chief Operations Officer), finance (CFO – Chief Financial Officer) and information systems (CIO – Chief Information Officer).
Scott Spreier, Sr. Consultant with the Hay Group, a leading global management consulting firm says: “Look beyond the titles. What is critical in creating such roles is first understanding the size and scope of the role. Is it a strategic role or a more tactical, operational role? Is it directly linked to business results, or is it more advisory? These factors all shape the accountabilities of the role and the skills and competencies necessary to execute those roles.”
Who else will be found in the C-Suite?
Critical talent needs are now emanating from areas including:
- Innovation: Chief Innovation Officer
- New Management Theory: Chief Learning Officer, Chief Knowledge Officer
- Increased Business Regulations: Chief Compliance Officer, Chief Ethics Officer, Chief Sustainability Officer, Chief Risk Officer
- Increased Focus on Markets & Customers: Chief Customer Officer, Chief Experience Officer, Chief Growth Officer, Chief Commercial Officer, and Chief Marketing Officer
Is there space at your conference room table for these new C-level leaders?
Where will they come from?
TD Madison is known as the go-to firm for executive sustainability in information and technology talent solutions. We welcome your thoughts and discussion.