Apply today for a FREE subscription to CIO Magazine!
Mon, May 5, 2008 15:50 EDT
|
Posted by: Meridith Levinson in News Topic: Personal Management Blog: Movers and Shakers
Current Rating: |
Stephen Gillett is joining Starbucks as its new senior vice president and CIO on Monday, May 12. Gillett comes on board in the midst of a high-profile revitalization effort at the Seattle-based coffee company. He replaces Bryan Crynes who left Starbucks in January, shortly after Howard Schultz was reinstalled as CEO. Chris Bruzzo, Starbucks' CTO, had been serving as interim CIO.
Gillett most recently served as CIO of Corbis, a stock photography and footage company owned by Bill Gates and based in Seattle. Previously, Gillett held senior leadership positions with Yahoo and CNET .
Starbucks is entitled to hire anyone they want. But in my not so humble opinion, hiring a CIO outside of their industry should be met with the same quizical look from the industry as would be hiring any other "C" level executive there.
So, if hiring a non-retail CIO is no different than hiring a non-retail CEO, CFO, or CMO, etc. then no big deal. But if Wall Street, CFO Magazine or Chief Executive Magazine were to react in utter amazement, challenging the wisdom of that decision, then why not the CIO?
Answer - because no one knows what he does!!! He really only needs to keep the systems running, right? Ha!!!
Right.
Stephen Gillete? what are they thinking? hiring a guy who has been a CIO for 1 year at a mom and pop shop like Corbis. I wonder what SBUX is thinking and as a stockholder, this just pisses me of that they would not hire a hot shot CIO with SBUX name and they settle for Stephen Gillete. Someone that Corbis did not want as CIO and they settled for
"Hot shot" CIOs aren't always the most effective. Some of them are known for instituting a lot of change that yields good short term returns but the changes they initiate sometimes put the companies they work for at a disadvantage over the long term. Sometimes CIOs who aren't well known are more effective. This might be precisely what Starbucks was looking for when it hired Gillett.
I'm curious to know how you define "hot shot CIO" and why you think a "hot shot" would be a better fit for Starbucks.