We investigate the equilibria of CIO work. We apply the punctuated equilibrium paradigm based socio-technical model as our theoretical basis. We use this model to visually describe the impacts of business interruptions (=punctuations) on IT executives' perceived equilibria of work. We enhance the punctuated model with constructs taken from Granovetter's social network theory to better understand social mechanisms influencing IT executives' perceptions. We examined empirically perceptions about the equilibria of work and the role of IT in business in a media company during the years 2010-16. We collected data with the interview data collection method by conducting several interview rounds. Interview findings revealed that the equilibria of work were seen differently at three organizational levels. Also, the role of IT in business and the responsibilities of IT functions were seen in varied ways. The punctuated socio-technical equilibrium model together with the constructs of Granovetter's social network theory offered insightful theoretical explanations for our findings.