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One of the hottest jobs in the C-suite these days is the chief innovation officer, or CINO. Twenty years ago this position was virtually unheard of, but by 2017, 29% of Fortune 500 companies had a senior innovation executive, a study by Egon Zehnder shows. Because the role is relatively new, however, a standard definition of it has yet to emerge. The job’s responsibilities vary a lot, depending upon the company, the business challenges, and the backgrounds of the people filling the roles. Those people include everyone from seasoned executives to one-time academics, star inventors, former investment bankers, creative heads, and founders of start-ups.
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