CIOs today are in a better position to play the role of a transformation agent.

A good example of this happening is Ralph Norris, who is the very successful CEO at (CBA). He started as a CIO at Auckland Savings Bank (ASB) and eventually became COO and then was appointed into the role of the CEO of ASB, and subsequently CBA. He is a great example of what is possible.

That's a massive progression for someone with a technology background. That would not be common within many industries and within banking it was unheard of at the time. Today, I believe, that progression is more possible in industries outside of technology companies. Many more ex-CIOs take seats at the board level as IT becomes an important contributor to the profitability of businesses.