Salaries for CDOs have doubled over the last three years.
Chief digital officers (CDOs) are emerging as the latest corporate superstars. Increasingly, when companies seek a rare combination of senior-level tech talent and business-focused savvy, they turn to the pros who can establish cool leadership in a fast-changing market. Thus, candidate searches and compensation packages for these professionals are rising sharply, according to a research report, "The Rise of the Chief Digital Officer," from Russell Reynolds Associates, a global executive search/assessment firm. "CDOs are in huge demand, and demand will remain high as more and more companies across sectors look to get more digital," says Tuck Rickards, managing director of technology and digital transformation for Russell Reynolds Associates. "They have to ask themselves if they have the expertise in their leadership ranks to help them navigate the complex digital landscape of mobile, social, local." In fact, New York City officially hired its first-ever CDO last year.
Dennis McCafferty is a freelance writer for Baseline Magazine.
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