From the Wires
Russell Reynolds Associates Launches Digital Transformation Practice
Feb. 4, 2013 01:34 PM
An explosion of innovative technologies in mobile devices, social media
platforms and big data and analytics is dramatically disrupting
traditional businesses and giving rise to a sweeping range of new
capabilities, products, services, channels and competitors. To respond
to these digital challenges and opportunities, organizations require new
leaders who combine digital vision, industry expertise and
change-management experience. To help meet this need, Russell Reynolds
Associates, a global executive search and assessment firm, has launched
the industry’s first fully integrated Digital Transformation Practice.
“In every sector, digital innovation is rewriting the rules of business.
Leaders across all industries are recognizing that digital is a
strategic issue and not just about technology platforms or business
processes. It requires leadership from the board, the CEO and the
digital experts who will execute a strategy for digital transformation,”
said Clarke Murphy, CEO of Russell Reynolds Associates.
“As a result, nearly every company must rethink how it adds value. In
the last 18 months, we’ve had the privilege of identifying more than 500
digital leaders for our clients—not just pure-play digital companies,
but also and increasingly for organizations in sectors from financial
services, to automotive and healthcare.” Murphy continued. “Creating a
practice devoted to the specific challenge of digital transformation was
a natural step that will allow us to continue to help our clients by
combining our digital experience with industry-specific expertise.”
The Digital Transformation Practice has dedicated resources in each of
the following areas:
-
Digital Board Directors: The board of directors must evaluate
and advise the CEO regarding the company’s digital strategy—a
responsibility that requires that they as a group possess a certain
critical mass of digital expertise. The Digital Transformation
Practice, in conjunction with the Russell Reynolds Associates
CEO/Board Services Practice, helps organizations identify and recruit
board directors who can strengthen the board’s ability to be a
resource to the CEO on this critical issue.
-
Digital Functional Leaders: Digital transformation requires
most organizations to have a strong internal digital function. The
Digital Transformation Practice helps organizations recruit Chief
Digital Officers, Chief Data Officers, Senior Vice Presidents for
Online and other digital leaders who can integrate with the existing
leadership team while driving change.
-
Horizontal Specialty Areas: Digital transformation is being
driven by a number of technologies that have dramatically altered how
information flows and what can be done with it. The Digital
Transformation Practice helps organizations recruit executives to lead
initiatives in Social, Mobile, E-Commerce and Big Data and Analytics.
-
Industry-Specific Digital Leaders: In some sectors, digital
transformation has given rise to entirely new specialty functions,
such as “Connected Vehicle” in the automotive industry and “Digital
Payments” in financial services. The Digital Transformation Practice
draws upon its extensive industry networks to help organizations find
digital leaders with track records of success in bringing digital
approaches to established processes.
For more information, visit www.russellreynolds.com
and follow us on Twitter @RRAonLeadership.
About Russell Reynolds Associates
Leadership, Succession and Search
Russell Reynolds Associates is a global leader in assessment,
recruitment and succession planning for CEOs, boards of directors and
key roles within the C-suite. With more than 300 consultants in 41
offices around the globe, our dynamic teams and action-oriented approach
help our clients develop goals, define appropriate roles and fill
leadership gaps. We work closely with both public and private
organizations across all industries and regions to build boards and
executive teams that can meet the challenges and opportunities presented
by the digital, economic, environmental and political trends reshaping
the business landscape.
www.russellreynolds.com
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