Numerous management level changes within hundreds of IT firms will force a shake up of the way the industry operates with added pressure put upon companies with aging boardrooms, according to new research.
Analysis by Plimsoll Publishing shows that over the lsat 18 months there have been 502 director level appointments in an industry with a total of 1,384 directors which points to an "evolution" sprung from different ways of working, renewed focus and new ideas.
Senior analyst David Pattison said: "The reasons for the new appointments are varied. Some have been taken on with the direct objective of finding a buyer for the company, while others look as if they have been appointed to see through a management buyout.
"Whatever the reason, this wave of new blood is simply the start. More than 10 per cent of directors are over the age of 60 and we will see yet more evolution in the not too distant future."
Mr Pattison added: "We all know that companies don't do business with companies - people do business with people. But the people are changing and firms will be caught out and lose business as a result, simply because they took a customer, competitor or supplier for granted on the basis of an older management style."
The analysis revealed that the directors' salaries and job security vary widely between different industries. In the property developers industry, for example, a director can pick up nearly £300,000 even though the average wage stands at £90,999.
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