Average CMO Tenure Keeps Trending Up

The average tenure for CMOs of leading US consumer brand companies reached 45 months in 2012, continuing a steady rise from a low of 23.2 months in 2006, according to study results from Spencer Stuart. The researchers attribute the trend to CMOs having “come of age,” with the marketing function taking a greater role in enterprise growth due to new technologies and digital marketing channels. Late last year, The CMO Council pronounced 2013 “the year of the marketer,” with survey results demonstrating that senior marketers are enjoying budget growth, increased responsibilities, legitimacy, and compensation. (more…)