As per Korn Ferry research, CIOs have lower tenure in companies than CEOs and CFOs
More than half of the CIOs in world’s largest companies plan to leave by 2020 and the businesses are not ready with a succession plan, The Wall Street Journal writes quoting a recent research by top head hunting firm Korn Ferry International.
As such, CIOs have lower tenure in companies than CEOs and CFOs. According to an earlier Korn Ferry research, CIOs spend an average of 4.3 years in a company, as compared to 5.1 years spent by CFOs and 8 years by CEOs.
However, in emerging economies like India with a younger demographics, the situation may be slightly different.