{"id":21100,"date":"2024-04-19T18:05:26","date_gmt":"2024-04-19T18:05:26","guid":{"rendered":"https:\/\/mysourcefunding.com\/?p=21100"},"modified":"2024-04-19T18:05:27","modified_gmt":"2024-04-19T18:05:27","slug":"average-cmo-tenure-holds-firm-at-4-2-years-according-to-new-data","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=21100","title":{"rendered":"Average CMO tenure holds firm at 4.2 years, according to new data"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"style__InlineSubscribeWrapper-sc-b4979adf-1 fPIWfF\">\n<div class=\"style__Container-sc-6fdcc87e-0 style__RoundedContainer-sc-6c630ac0-0 iTWzCH wGFGp\">\n<h5 class=\"dist__StyledText-sc-2252f3c6-12 fxopsA inline-subscribe\">Get marketing news you&#8217;ll actually want to read<\/h5>\n<p class=\"dist__StyledText-sc-2252f3c6-12 bGZYqp inline-subscribe\">Marketing Brew informs marketing pros of the latest on brand strategy, social media, and ad tech via our weekday newsletter, virtual events, marketing conferences, and digital guides.<\/p>\n<\/div>\n<\/div>\n<p class=\"dist__StyledText-sc-2252f3c6-12 bEespx\">If you\u2019ve got a chief marketing officer, odds are they\u2019re probably still employed at your company by the time you finish reading this story.<\/p>\n<p class=\"dist__StyledText-sc-2252f3c6-12 bEespx\">On average, chief marketers in 2023 had held their position for 4.2 years, or about 50 months, according to head-hunting firm Spencer Stuart, which has tracked and reported on CMO tenure for nearly 20 years across 100 of the top advertisers in the US.<\/p>\n<p class=\"dist__StyledText-sc-2252f3c6-12 bEespx\">That figure was slightly less than the 4.6-year (or 55-month) average for the rest of the C-suite, the firm found.<\/p>\n<p class=\"dist__StyledText-sc-2252f3c6-12 bEespx\"><strong>Marketers might want to celebrate: <\/strong>Though CMO tenure in 2023 remained the same as in 2022, it was up considerably from 2021, when chief marketers held their roles for around 40 months on average, or about 3.3 years.<\/p>\n<p class=\"dist__StyledText-sc-2252f3c6-12 bEespx\"><strong>What else:<\/strong><\/p>\n<ul>\n<li>In 2023, three out of four CMOs working for the top 100 advertisers were holding the position for the first time. That\u2019s the most since Spencer Stuart began tracking the metric in 2016.<\/li>\n<li>59% were promoted from within their own company, the same as the year before.<\/li>\n<\/ul>\n<p class=\"dist__StyledText-sc-2252f3c6-12 bEespx\">Among the CMOs Spencer Stuart tracked in 2023, 52% were women, essentially flat from 2022\u2019s 53%. Among Fortune 500 companies, women CMOs achieved parity for the first time. However, CMOs from \u201cunderrepresented racial and ethnic groups\u201d grew just 1%, to 19%, from 18% in 2022.<\/p>\n<p class=\"dist__StyledText-sc-2252f3c6-12 bEespx\"><strong>Sayonara: <\/strong>Where are all these CMOs working? Well, not at brands like Starbucks, UPS, Walgreens, and Etsy, which have all recently eliminated the position entirely.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketingbrew.com\/stories\/2024\/04\/19\/average-cmo-tenure-holds-firm-at-4-2-years-according-to-new-data?utm_source=&#038;utm_medium=syndication&#038;utm_campaign=feed\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Get marketing news you&#8217;ll actually want to read Marketing Brew informs marketing pros of the latest on brand strategy, social media, and ad tech via our weekday newsletter, virtual events, marketing conferences, and digital guides. If you\u2019ve got a chief marketing officer, odds are they\u2019re probably still employed at your company by the time you [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[78],"tags":[],"class_list":{"0":"post-21100","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-marketing"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Average CMO tenure holds firm at 4.2 years, according to new data | Brandiary<\/title>\n<meta name=\"description\" content=\"Get marketing news you&#039;ll actually want to readMarketing Brew informs marketing pros of the latest on brand strategy, social media, and ad tech via our\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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