Strategic CIO // Executive Insights & Innovation
Commentary
7/28/2009
12:07 PM
Bob Evans
Bob Evans
Commentary
50%
50%

Cardinal Health's New CIO On Board Of Firm IBM Is Buying

It's been quite a week for former Motorola CIO Patty Morrison: first she's named CIO of $91 billion Cardinal Health, and then a couple of days later IBM agrees to acquire SPSS, on whose board she sits, for $1.2 billion. And third, tomorrow Morrison will be a featured speaker at our online Global CIO Summit virtual event: "Driving Business Value and Customer Value in the Global Economy."

It's been quite a week for former Motorola CIO Patty Morrison: first she's named CIO of $91 billion Cardinal Health, and then a couple of days later IBM agrees to acquire SPSS, on whose board she sits, for $1.2 billion. And third, tomorrow Morrison will be a featured speaker at our online Global CIO Summit virtual event: "Driving Business Value and Customer Value in the Global Economy."Morrison's first day as CIO at Cardinal Health will be Monday, August 3, and it could have been awkward for her to undertake that new position while also serving on the board of a software company whose products Cardinal Health might or might not decide to buy.

But IBM's announcement of its intention to acquire SPSS for $50 a share - a 42% premium over SPSS's share price at the time of the announcement - will remove that potential awkwardness and any sense of conflict of interest that might have arisen. Morrison will retain her position as a member of another publicly held company, Jo-Ann Stores Inc., and she also serves on the boards of non-profits the Lyric Opera of Chicago and the Chicago Symphony Orchestra.

As we noted yesterday, in taking the CIO spot at Cardinal Health, Morrison replaces long-time CIO Jody Davids, who nine months ago decided to step down at this time so that she can focus on writing and speaking about leadership issues.

And tomorrow, you can hear Patty Morrison talk about CIOs' interactions with boards of directors during our day-long virtual event, which you can attend online by registering here. We'll have a dozen world-class CIOs and other experts offering the latest strategies on how business-technology leaders can help their companies drive business value and customer value in the global economy - please join us.

Comment  | 
Print  | 
More Insights
The Business of Going Digital
The Business of Going Digital
Digital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest, Dec. 9, 2014
Apps will make or break the tablet as a work device, but don't shortchange critical factors related to hardware, security, peripherals, and integration.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of December 14, 2014. Be here for the show and for the incredible Friday Afternoon Conversation that runs beside the program.
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.