DOCSLIB.ORG

The Rise of the Chief Digital Officer the Challenges and Opportunities for Businesses in This Digital Age Are Enormous

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Rise of the Chief Digital Officer the Challenges and Opportunities for Businesses in This Digital Age Are Enormous A Russell Reynolds Associates Series Leadership for a Changing World. Articles in our Leadership & Talent series address key issues companies face in creating effective talent management strategies—to identify, develop and retain successful leaders and leadership teams. The Rise of the Chief Digital Officer The challenges and opportunities for businesses in this digital age are enormous. Companies need to be fleet- footed to keep pace with changing technology and consumer behavior. Business strategies now must be seamlessly interwoven with ever-expanding digital strategies that address not only the web but also mobile, social, local and whatever innovation there may be around the corner. To help meet these challenges, companies are increasingly looking for a Chief Digital Officer (CDO) who can oversee the full range of digital strategies and drive change across the organization. In this issue, members of the Consumer and Technology teams at Russell Reynolds Associates look at the rise of Chief Digital Officers and their potential for CEO succession. What is a CDO, and why does the role matter? Customers are demanding fresh information and the ability to buy wherever, whenever and however they want. The numbers are hard to debate. More than 200 million iPhone and Android smartphones now are in consumers’ hands, and demand shows no sign of abating. Some 41 million apps are downloaded every day, and social networking is expanding on a geometric scale. Consumers are leveraging their digital resources to download information, compare the organization’s online presence. Chief Digital Officer (or, sometimes, prices, find the best products and The last two years have seen the SVP Online) is extremely important search for deals. rise of the Chief Digital Officer, a in driving that growth. In some It’s no surprise then that the senior executive who sits at the sectors, such as traditional media, seniority and caliber of digital talent right hand of the CEO and is seen the CDO often will have been hired that companies are seeking to recruit as instrumental to the future of the to help transform the company as its are on the increase. Traditionally, organization. For many companies, products evolve digitally. digital was positioned as part of especially those in the retail and In both cases, the CDO needs the marketing function within the leisure sectors, digital is the fastest- to be someone who not only business, responsible for driving growing revenue stream, and a has digital acumen but also is a seasoned general manager who challenge in Asia is more about • In March 2011, Apple announced can operate within a large-scale attracting talented executives to it had sold its 100 millionth business and influence effectively join established companies who iPhone. As of July 2011, Google’s across the organization. This is a otherwise might set up their own Android Operating System was relatively new type of leader and digital enterprise. on 130 million devices. one who is hard to find, attract and The sharp rise in demand for • In July 2011, it was reported that retain. The increasing importance CDOs has been matched by an the Apple Retail Store is handling of the role eventually will put CDOs equally sharp rise in the level of 24 million app downloads per day, in the queue for CEO succession. compensation offered. Today’s and the Android Market is handling CDOs will be the executives with the high-quality CDOs command 17 million app downloads a day. operating experience, management double the remuneration levels of • As of September 2011, there were skills, strategic mindset and vision their predecessors, reflecting the more than 800 million users on to lead businesses in an increasingly scarcity of talent and increasing Facebook. On average, Facebook technological future. seniority of the role. Pay and users install over 20 million apps The spike in demand for Chief benefits put the Chief Digital every day. There are more than Digital Officers has been felt Officer on par or above other 350 million active users currently globally. In Europe, the number of executives at Board or sub-Board accessing Facebook through search requests for this role has levels. In Asia, this trend has been mobile devices. risen by almost a third in the last less pronounced. It will take time • In April 2011, it was announced 24 months. The United States has for companies there to escalate the that more than 200 million people seen the same growth in half that digital function to a more senior had signed up on Twitter, while, in time. The increase in Asia is less level—but the continued rise in September 2011, it was revealed consumer Internet and mobile use that there were 100 million active inevitably will drive similar demand. monthly users. We are at the • In 2010, global revenue for the beginning of a What’s driving the virtual goods industry was over new era for social evolution of the CDO? $7 billion, according to Ted Internet innovators Social media and the enabling Sorom, CEO of Risty, a virtual who are re-imagining technologies are fundamentally currency platform. and re-inventing reshaping how consumers behave. a web of people Smarter, quicker and more advanced What does it take to and places, looking mobile telephony brings with it become a CDO? beyond documents a wide range of possibilities for Given the complexities of their role, 1 and web sites. business such as media companies, successful CDOs require a broad blend — John Doerr; Partner; retailers and information providers. of experiences and competencies. Kleiner Perkins Caufield Services that combine social and & Byers local elements are becoming Experience the norm. All of this is forcing Digital experience, of course, is pronounced, where the position organizations to rethink their market critical but different combinations remains relatively junior, though and customer strategies. Some of skills are emerging among Chief things there are evolving. The staggering statistics: Digital Officers. For example: 1 Top Mobile Internet Trends Presentation, February 2011 2 • E-commerce and transactional new channels and business models, chart the right course and make expertise. The focus here is on as well as innovative products and agile alterations when needed. driving traffic, conversion and services. The CDO also must be • Executing for results. Strategic revenue. Often referred to as SVP tech savvy; though knowing how to insight must be coupled with a Online, these CDOs are sought code may or may not be required, strong execution orientation and an after by companies involved in the ability to manage developers ability to deliver results despite the e-commerce, such as e-tailers and ask the right questions is a complex and fluid environment. and manufacturers that move to minimum requirement. • Building relationships and using direct sales. These CDOs require Importantly, the CDO is not only influence. In today’s climate, the change management capabilities a digital guru but also a seasoned culture and practices within a and the ability to manage general manager. He or she should business can change as quickly channel conflicts. as those in the external market. • Online marketing and social Chief Digital Officers, therefore, media expertise. Here the Demand for must be able to build relationships emphasis is on driving brand CDOs is far greater across all levels and functions of the awareness, brand activation than supply. organization—from the Board down and consumer engagement. This is fueling to the front line—and effectively These CDOs are sought after by an increasingly manage conflict. consumer-branded goods and competitive • Leadership. CDOs must in turn services companies and require war for talent. be able to recruit top talent and to skills relating to new personalized/ lead large and (sometimes) globally localized communications as have experience running a P&L. The distributed teams. opposed to mass communications. role frequently is transformational so • Demonstrating cultural sensitivity. • Transformative product and change management experience is This is particularly important, as technology capabilities (i.e., important, either in turnaround or fast- those skilled in new digital tools analog to digital). These CDOs are growth situations. In addition, as many may view the world differently from sought after by traditional media companies increasingly have global others in more traditional parts of companies and require change customers and employees, international the business. management capabilities that can experience is key. Therefore, CDOs impact the whole company. will need to appreciate that adoption Where can effective CDOs of technologies across a business’ be found? More generally, CDO jurisdictions will vary. In other words, There is a wide range of challenges candidates should be familiar with one size does not fit all. for those recruiting Chief Digital web, mobile and social media— Officers. One of the most significant and possibly local as well. They Competencies issues is that demand is far greater should be able to plan and execute As with any senior leadership position, than supply in all areas of the world. long-term strategy around driving a range of competencies is required: This creates retention issues among customer awareness, engagement, • Setting strategy. With the digital the best staff, fueling an increasingly experience and monetization. When landscape evolving so quickly, competitive war for talent. it comes to innovation, candidates CDOs need to have excellent After two decades of the should have experience developing strategic skills, with the ability to Internet, there is a reasonable cadre 3 of mid-level digital managers from or marketing. As a result, while who might not fit the cultural norm product, technology or marketing these executives bring tremendous of the business, companies also will backgrounds. However, there are functional expertise, they often have to move very quickly when relatively few senior general managers lack the broader leadership and they find and meet talent that has influencing skills that are needed potential.
Load more

Recommended publications
  • The Rise of the Chief Digital Officer Key Considerations for Driving Digital Growth from the C-Suite
    The rise of the Chief Digital Officer Key considerations for driving digital growth from the C-suite CEO CFO CIO CMO CDO CSO PEOPLE HAVE AN ALMOST INSATIABLE DESIRE TO ADOPT INNOVATION THAT DRIVES CONVENIENCE IN THEIR LIVES. SO WE COULDN’T AFFORD TO SIT BACK AND SAY, WE HAVE LEGACY SYSTEMS. WE’VE GOT TO BE CONNECTED TO THE CUSTOMER AND MOVE WITH THE CUSTOMER AT THE SPEED THE CUSTOMER WANTS. - RIZWAN KHALFAN CHIEF DIGITAL OFFICER, TD BANK GROUP (CANADA) FOREWORD When I was first asked to review this paper, I was excited to see Peter engage the issue head on. This is a topic that is long overdue for discussion – particularly in light of the ambiguity and contention that surrounds the definition of a Chief Digital Officer (CDO). As this paper took shape, I was reminded of a summit I attended 18 months ago with a group of 50 top CDOs in Silicon Valley. The first hour of the session was a vigorous debate about what a CDO is, should be or could be. My observation and conclusion at the time was that there is no “one size fits all” definition that can be applied to this still emerging role. That said, despite the discomfort of the session, I honed my own understanding of the role and what appeared to be the emergence of three types of CDOs. THREE TYPES OF CDOS 1 2 3 Ex-agency Digital transformation Technologists Traditional interactive strategists Those who view digital marketing leaders that Change agents chartered primarily from an enterprise view digital as “digital with the reinvention of perspective – most often marketing” and engagement their organizations (e.g., in reporting to the CIO.
    [Show full text]
  • EMEA FS Weatherbys
    Snapshot of key global Commercial, Digital & Marketing appointments October 2016 - January 2017 Americas FS and is on the board for Charter Communications. ran digital transformation and technology. He replaces Miguel Angel Rodriguez-Sola who joins technology John Donovan is appointed CEO of Bizfi. The Americas Non-FS company in Spain. payments veteran has previously spent 20 years with David Godsman becomes Chief Digital Marketing Josephine Verine becomes Marketing COO of MasterCard and co-founded Lending Club. Officer at Coca Cola. Formerly he was at Bank of America Lombard Odier. She was formerly at Chanel where Fabio Fontainha becomes Head of Consumer where he was SVP, Head of Emerging Payments & she was MD of Haute Couture. She will be based in Banking for the Association of Southeast Asian Nations Commerce. Geneva. (ASEAN) region of Citigroup. Formerly he was Head of Rob Roy becomes Chief Digital Officer at Sprint. Marc Graveney becomes Chief Digital Officer at Citi's Consumer and Commercial banking business in Formerly he was at Comcast where he was SVP - Digital London & Capital. Formerly he was at MBA IT where Latin America. Revenue. he was CTO and Head of IT roles. Jennifer Wilson becomes Chief Digital Officer at Atif Rafiq becomes SVP President IT and Chief Anita Kimber becomes Director of Channel Hancock Whitney Bank. She was formerly at BBVA Digital Officer (CDO) at Volvo Cars. Formerly he was at Development & Innovation at Nationwide. Formerly she Compass where she was EVP - Multi Channel Planning & McDonald's where he was Chief Digital Officer. He was at EY. Administration. replaces Klas Bendrik who will assist with the transition Steve Zuanella becomes Chief Digital Officer at RSA.
    [Show full text]
  • The Five Archetypes of a Chief Digital Officer the Right CDO for Your
    The right CDO for your company’s future The five archetypes of a chief digital officer Contacts Düsseldorf Frankfurt Dallas/Fort Worth Roman Friedrich Michael Pachmajer Chris Curran +49-170-2238-165 +49-151-624-59-688 +1-214-754-5055 roman.friedrich michael.pachmajer [email protected] @strategyand.de.pwc.com @de.pwc.com 2 Strategy& About the authors Roman Friedrich is a leading practitioner of strategic technology-based transformation for Strategy&, PwC’s strategy consulting business. Based in Düsseldorf and Stockholm, he has focused on strategic advice within the global telecommunications sector for more than 20 years, currently with a specialty in digital transformation. Michael Pachmajer is a director with PwC Germany based in Frankfurt. He focuses on company-wide digital strategy and transformation across industries, especially in medium-sized and family-owned enterprises. He jointly leads the consulting team with focus on digital transformation in the middle market and family business sectors. Chris Curran is a principal with PwC US, based in the Dallas/ Fort Worth area. He is the chief technologist for the firm’s advisory practice, with responsibility for emerging technology strategy, digital architecture and innovation, and the development of thought leadership. He leads PwC’s emerging technology labs and the firm’s ongoing Digital IQ* research. *Digital IQ is a registered service mark of PwC United States. Jennifer Kint, a consultant in the digital transformation middle-market team at PwC Germany, also contributed to this report. Strategy& 3 Executive summary As companies move to catch up with the digital future, they are taking a close look at what kind of executive they need to lead the way.
    [Show full text]
  • Transition to Cios in the Public Sector: a Comparative Study Between a Developed and a Developing Country
    Transition to CIOs in the Public Sector: A Comparative Study between a Developed and a Developing Country Bashir Hussain A thesis submitted in fulfillment of the requirements for the degree of Doctor of Philosophy School of Engineering & Information Technology The University of New South Wales, Canberra, Australia UNSW, AUSTRALIA May 2019 [this page is intentionally left blank] ii Thesis/Dissertation Sheet Surname/Family Name : Hussain Given Name/s : Bashir Abbreviation for degree as give in the University calendar : PhD Faculty : School of Engineering and Information Technology School : Canberra Transition to CIOs in the Public Sector: A Comparative Study Thesis Title : between a Developed and a Developing Country. The Public Sectors of developing countries are facing challenges in integrating Information and Communication Technology (ICT) due to the absence of an ICT leadership position. Although the literature suggests that the Chief Information Officer (CIO) position facilitates better alignment of ICT with business objectives, the literature only captures scattered issues including competency, role effectiveness, and structural relationships, and those only from developed countries’ perspectives. It remains under-researched how the public sector of developing countries can make the transition to the implementation of strategic positions such as CIO. Reflecting on the challenge of integrating ICT in the public sector of developing countries, this research advances the idea of establishing an ICT leadership position such as a Chief Information Officer (CIO) or equivalent through an empirical investigation comparing Australia and Bangladesh. Using interpretivism research, a case study approach (Yin, 2009) is applied, incorporating change management conditions (Fernandez & Rainey, 2006), defensive routines (Argyris, 1985), and Institutional process (Scott, 2008) theories.
    [Show full text]
  • CDO Decoded: the First Wave of Chief Digital Officers Speaks 2
    CDO Decoded: The First Wave of Chief Digital Officers Speaks 2. CDO Decoded Contents Introduction 4 The Journey 6 Expectations vs. Reality 11 Executive Alignment 14 Next Steps 18 Action Plan 20 About Egon Zehnder 23 3. CDO Decoded CDO Decoded: The First Wave of Chief Digital Officers Speaks June 2019 4. CDO Decoded The Chief Digital Officer is one of the newer titles in the on how long the role will continue to exist. C-suite and also one of the least understood. It’s a role Beyond that, for many organizations, there isn’t that evokes some sort of corporate magician who, with much understanding of which qualities and which the help of sophisticated analytics and a lot of other environments breed success. tricks, transforms a company from old and unresponsive to fast-moving and tech-savvy, from analog to digital. We at Egon Zehnder have been helping companies It’s also a role that legacy companies have created as with digital transformation for a long time now, and they realize how far behind they are relative to startups. it is striking to us just how many companies face the Says Laura Merling, a longtime digital executive and same challenges today that we witnessed years ago. strategic advisor, formerly at AT&T and Ford: “CDO is a To better understand why, we surveyed large-company role that jump-starts an organization.” CDOs around the world in December 2018, 84 percent of whom are the first to hold this title at their respective But what does it even mean to be a CDO? The answer companies.
    [Show full text]
  • Government Officials Mohamed Al Hammadi H.E
    Government Officials Mohamed Al Hammadi H.E. Eng. Tarek El Molla Luis Alberto Moreno CEO, Emirates Nuclear Energy Corporation Minister of Petroleum, Egypt President, Inter-American Development Bank Mr. Saad Sherida Al-Kaabi Hon. Paul M. Dabbar (IDB) Minister of State for Energy Affairs, Qatar Under Secretary for Science, US DOE Hon. Lisa Murkowski Ibrahim Al-Muhanna Francis Fannon Chairman, US Senate Consultant & Advisor to Saudi Oil Ministry, Assistant Secretary for the Bureau of Energy Diego Mesa Ministry of Energy, Industry and Mineral Resources (ENR), US DOS Vice Minister of Energy, Colombia Resources Saudi Arabia Thomas R. Hardy H.E. Rocío Nahle García Ayed S. Al-Qahtani Director (Acting), U.S. Trade and Development Secretary of Energy, Ministry of Energy Mexico Director of Research Division, OPEC Agency (USTDA) Nurlan Askarovich Nogaev Hon. John Peter Amewu Hirohide Hirai Minister of Energy, Ministry of Energy, Republic Minister of Energy, Ghana Director-General, Ministry of Economy, Trade of Kazakhstan Minister Bento Albuquerque and Industry (METI) Seamus O’Regan Minister of Mines & Energy, Brazil William Hohenstein Minister of Natural Resources, Canada H.E. Mohammad Sanusi Barkindo Director of the Office of Energy and Jeff Radebe Secretary General, OPEC Environmental Policy, U.S. Department of Special Envoy for Energy, South Africa Renata Beckert Isfer Agriculture (USDA) Kadri Simson Deputy Secretary of Oil, Natural Gas and Andrew Kamau Commissioner, European Biofuels, MME, Brazil Principal Secretary, State Department of Commission for Energy Dr. Fatih Birol Petroleum, Ministry of Petroleum and Mining, María Fernanda Suárez Londoño Executive Director, IEA Kenya Minister of Mines and Energy, Ministry of Mines Hon.
    [Show full text]
  • New Leaders for Retail Differentiation Three New CXO Positions Are Helping Retailers Stand out from Their Competitors
    Wanted: New Leaders for Retail Differentiation Three new CXO positions are helping retailers stand out from their competitors In recent years, retailers have been changing their A few fundamentals, however, do hold true: organizational structures to better respond to today’s 1) whatever the title, the needed skills for the job will demanding, digitally-empowered consumers. Three new be the same: transform the business in a way that CXO positions are becoming part of various retailers’ addresses the expectations of consumers, 2) the right change management processes. These individuals are leader will motivate the organization’s culture and tear helping create the business agility required to stay ahead down functional silos, and 3) the degree and pace of of the competition. change requires that the organization give strategic • The need to keep up with fast-pace changes in the priority to these initiatives. digital world is causing some retailers to consider a Chief Digital Officer. What is the first step? Understand the options. • Retailers reinventing themselves around a relentless focus on the customer are tasking a Chief Customer A Leader for Differentiation Officer (CCO) with the required redesign and Retailers — constrained by slowing growth, shifting reorganization. competition, and changing customer expectations — • A recognition that transformation in the face of are increasingly battling for market share. In this difficult ongoing disruption is now the norm has the Chief operating environment, an understanding of a retailer’s Omnichannel Officer (COCO) busy maintaining a core customer, and the shopping experience she’s relevant brand relationship with consumers. looking for, are important first steps when deciding on how best to differentiate.
    [Show full text]
  • Roles, Position and IT Governance of the Departmental CIO at the Dutch Central Government (Rijksoverheid) and Its Maturity Potential
    Universiteit Leiden M.Sc. ICT in Business and the Public Sector Thesis Roles, position and IT governance of the departmental CIO at the Dutch central government (Rijksoverheid) and its maturity potential. Name: Jeroen Neve Date: 10/04/2019 1st supervisor: Drs. P.M. van Veen 2nd supervisor: T.D. Offerman, Msc M.Sc. Thesis Leiden University (LIACS) Niels Bohrweg 1 2333 CA Leiden The Netherlands Abstract The position of departmental CIO was initiated (in 2008) in order to control & supervise IT projects on strategic ministerial level and make crucial steps in the organization and coordination of information management within the ministry. As ministries differ in scale and vitality of the IT activity, the CIO function differs per ministry. In this study, we have examined the leading roles, position, IT governance and maturity potential of the departmental CIO. In the literature section, we have defined seven main themes in order to clarify the CIO environment and made the distinction between the general interpretation of the CIO, public sector CIO interpretation and what is already known in Dutch central government context. As the definition of Chief Information Officer (CIO) firstly emerged during the '80s as a senior executive responsible for establishing corporate information policy standards and takes management control over all information resources. The CIO in Public sector context emerged during the ‘90s were the environment of the Public sector CIO is known to be less flexible and more risk-averse in contrast with their private sector counterparts. In terms of responsibilities, we have seen the Rijksoverheid CIO holds mainly responsibility in the domains of IT strategy, information portfolio management and raises advice- and prioritize IT among ministry board members.
    [Show full text]
  • The Chief Digital Officer Takes Centre Stage
    savannah-group.com The Chief Digital Officer takes centre stage SAVANNAH WHITE PAPER This paper focuses on the success criteria for digital leadership, digital executives and what boards need from the individuals they appoint to transform their organisations. We explore how to make digital happen, the rise of the Chief Digital Officer and offer an executive search perspective on organisations and c-suites in transition. The Digital Imperative Every organisation, whether a multinational, Change is the constant. Among the net conglomerate, SME, privately-held business or generation—today’s executive decision-makers— public sector institution, is devoting significant 50 percent are advanced users of smart-phones, resources to leveraging digital capabilities to drive social networking tools and Internet video. They a sustainable future. prefer these new tools to email, texts and phone calls2, now seen as archaic alongside Pinterest, We continue to experience Moore’s Law, that instagram and tumblr. the number and speed of the techniques digital marketers use to attract, keep, sell and service Digital density has reached a tipping point with digital customers will double every two years. more than a billion people on Facebook, 5.6 billion mobile devices and more than $20.4 trillion In fact, by 2025 analysts expect there to be 20 of business—14 percent of all economic activity— billion connected devices, such as smart-phones, transacted across digital resources3. tablets, game consoles and so on. These devices blur the lines between communication, play and What does the digital era mean for leadership, the spending, with almost 40 percent of off-line sales new c in the c-suite and governance? influenced by Internet research and 7 percent of global sales conducted online1.
    [Show full text]
  • Taming the Digital Dragon: the 2014 CIO Agenda
    Gartner Executive Programs Executive Summary Taming the Digital Dragon: The 2014 CIO Agenda This is an Executive Summary of an Executive Programs member report. 2014 No. 1 Each report covers a relevant and compelling CIO topic and contains tools, templates and case studies members can put to work in their own unique context. We are confident this summary will demonstrate the unmatched quality of Gartner thought leadership and how our unique CIO research and insight support you and your team as you increase IT’s contribution and drive greater business success. FOREWORD CIOs are facing all the challenges they have for many years, plus a torrent of digital opportunities and threats. Digitalization raises questions about strategy, leadership, structure, talent, financing and almost everything else. This Gartner Executive Programs report is printed with Biolocity inks, which contain 30% vegetable extracts, no petroleum-derived ink solvents and a minimum of 55% bio-derived, renewable and sustainable raw materials. Gartner Executive Programs This report addresses the question, How are leading CIOs adapting to the additional challenge the evolving digital world represents? “Taming the Digital Dragon: The 2014 CIO Agenda” was written by members of the CIO & executive leadership research group, led by Dave Aron (vice president and Gartner Fellow), assisted by Graham Waller (vice president, executive partner). Dave Aron Graham Waller We would like to thank the many organizations and individuals that generously contributed their insights and experiences to the research, including: • The 2,339 CIOs who responded to this year’s survey, representing more than $300 billion in CIO IT budgets in 77 countries.
    [Show full text]
  • The Rise of the Industrial Chief Digital Officer 2
    The Rise of the Industrial Chief Digital Officer 2 What is the role of the Chief Digital Officer? Industrial companies are currently facing a brave new world redefined by the Industrial Internet and the Internet of Things (IoT). As the world of industrial becomes more data-driven and new lines of business are created from software & services, Russell Reynolds is witnessing a surge in demand for Chief Digital Officers (CDOs) and other transformational leaders to guide CEOs and executive teams into this new era. There are many ways to attack digital transformation. However, finding the right leader and creating a clear mandate for the effort is a key ingredient for success. The ideal CDO is not merely a technologist who advises on how to optimize manufacturing and supply chain by using big data and automating manual processes. Instead, the CDO should be a market-facing executive who can help the CEO monetize new revenue streams. To enable these new business models, the CDO must drive an over-arching technology transformation that cuts across the whole business. By nature and necessity, a CDO The effective CDO ... is a(n) . ɳ Is empowered by the board and the CEO ɳ Transformational leader who drives ɳ Sits on the executive leadership team change at all levels of the organization ɳ Reports directly to the CEO ɳ “Productive disruptor” who challenges ɳ Has a direct communication channel to the status quo the board ɳ Innovator who develops software & ɳ Has strategic functions that report to the services-defined business models role ɳ Influencer and change advocate who ɳ Is involved in the broader company educates and inspires employees to agenda and is not limited to just commit to the transformation technology We analyzed 50 of the global leading industrial manufacturing companies to understand how they are defining and positioning the roles of their digital leaders.
    [Show full text]
  • Hitachi Announces Selection of Director Candidates Aimed At
    FOR IMMEDIATE RELEASE Hitachi Announces Selection of Director Candidates Aimed at Strengthening Global Expansion of Digital Business To become a global leader in the Social Innovation Business, three new director candidates have been selected. Tokyo, March 30, 2020 – Hitachi, Ltd. (TSE: 6501) today announced that director candidates to be proposed at its annual general meeting of shareholders in 2020, in accordance with a resolution at a meeting of Nominating Committee that convened today. Under the 2021 Mid-Term Management Plan, Hitachi is strengthening global expansion of Lumada digital solutions, aiming to become a global leader in the Social Innovation Business. With respect to director candidates for this year, we have selected three new candidates in addition to 10 re-nominated candidates with an eye on achieving management that contributes to raising social, environmental and economic values, business expansion in the important Indian market and strengthening of the Digital Solution Business. Working with the United Nations Children’s Fund, Ravi Venkatesan is currently dedicated to helping young people gain access to education. He was the Chairman of Microsoft Corporation (India) Private Limited and led its initiatives for business expansion in India. Helmuth Ludwig was the CIO of Siemens AG and strongly promoted digital transformation at the company by leveraging his extensive experience in software and industrial areas. Hideaki Seki has been involved in manufacturing at Hitachi for many years and has promoted the global expansion of the Elevator & Escalator Business and Automotive Systems Business. As a company with a nominating committee, Hitachi has enforced the demarcation of management oversight and execution, aiming to create a framework for quick business operation and make management highly transparent.
    [Show full text]