Well I may be biassed having worked in IT departments,  but who else are you going to want to have custody? They are going to have to have full access anyway, for all the backups etc. plus  they are more likely to have a grip on data protection and be ethical about privacy.  would you honestly trust a manager with one eye on the balance sheet to be custodian of such mission critical software startegy and planning? (it's IT, it's low totem pole stuff so if you have a general manager they are going to be young and fresh out of business school. apart from anything else, senior management is going to think that only young people understand computers, Young, fresh out of buisness school with buisness degrees. I've yet to meet one who it's possible to trust them with anything more mission critical than making the coffee)

Other people may think the other way, seeing IT as an obstacle rather than an enabler of performance, depends of course on the IT department, and what you want to do.

Any idiot can face a crisis - it's day to day living that wears you out.