The demand for adept technology leadership for private equity (PE) organizations is expected to surge in 2024, reflecting the sector’s growing recognition of technology as a pivotal element in driving business success. Executive search firm CIO Partners® is at the forefront of this evolution, recently appointing Jennifer Becker as the new Managing Director of their Private Equity Practice.
The private equity sector has traditionally focused on financial acumen, but the rapid technological advancements and digital transformation have shifted the spotlight onto technology leadership roles like Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Digital Officers (CDOs), and Chief Information Security Officers (CISOs). These roles are increasingly seen as critical for driving innovation, operational efficiency, and competitive advantage in portfolio companies.
Joe Gross, President of CIO Partners, notes, “The role of technology leaders in private equity is evolving. They are no longer just support players but are central to strategic decision-making at both the portfolio and firm levels.” This shift is a response to the complex technological challenges and opportunities facing the PE sector, from cybersecurity and data analytics to digital transformation and innovation.
Jennifer Becker’s appointment at CIO Partners is a strategic response to this trend. With her extensive experience in executive recruiting and deep understanding of the technology landscape, Becker is well-positioned to continue the firm’s positioning into this burgeoning area. Her role will involve not only identifying and placing top technology talent in PE firms but also advising these firms on the strategic importance of technology leadership.
“The role of a private equity CIO/CTO/CDO continues to evolve at both the portfolio and firm level and it takes a very specific type of technology leader to thrive in this space.”
Joe Gross, CIO Partners
The Wrap
CIO Partners’ further expansion into the private equity sector is timely. As PE firms increasingly recognize the value of technology in driving business growth and operational efficiency, the demand for skilled technology leaders is set to rise. This trend presents a significant opportunity for firms like CIO Partners, which specialize in sourcing and placing top technology talent.
