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How to move from CIO to CFO

How to move from CIO to CFO

Derek Locke, former CIO of the NZ Defence Force, says his current role — as chief financial officer of FX Networks — is the latest step in a career that has seen him move back and forth between finance and ICT.

Derek Locke, former CIO of the NZ Defence Force, says his current role — as chief financial officer of FX Networks — is the latest step in a career that has seen him move back and forth between finance and ICT. He joined FX full-time in June — when the company’s financial resources could afford such a position, he says — but he has been a director and shareholder of the company since 2003.

He became involved in FX Networks for the same reason as the founders did: “I was annoyed at the way large telcos treated their customers. So instead of moaning about it, a bunch of us got together to transform the telecommunications market in New Zealand.”

FX is building a fibre backbone through major centres, from Auckland to Christchurch, and has a number of major clients, including the Government Shared Network. This and similar rollouts of fibre, such as those planned by local authorities, render the debate over use of Telecom’s copper wire almost irrelevant, he says.

Locke was CFO of Telecom’s Wellington regional operating company in the early 1990s, then financial controller for Telecom nationally. He moved into ICT through implementing the SAP enterprise resource planning system for the company. He worked on major SAP implementations on contract in the latter part of the 90s and was the CEO of internet registry company Domainz, before it was sold to Australia’s Melbourne IT.

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