Hiring of women CMOs reaches record pace, new report says

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Hiring of women CMOs reaches record pace, new report says
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'Women are making gains in the C-suite.'

Nearly half the marketing leadership hires in the first six months of 2019 were women, recruitment firm Russell Reynolds saysJackie Woodward, CMO Bojangles. Allison Peterson, Chief Customer & Marketing Officer Best Buy. Noelle O'Mara, CMO Tyson. Donna Vieira, EVP and CMO Sallie Mae. Alice Milligan, CMO E*Trade. Alegra O'Hare, SVP CMO Gap.Women are making gains in the C-suite, at least when it comes to top marketing jobs.

The firm tracked more than 200 senior marketing job changes in the first half of 2019. Two industries—financial services and industrial and natural resources—appointed more women than men to the CMO role, according to the report, which declared that “gender parity is almost here.” Spencer Stuart, a competing recruitment firm, also painted an improving picture on representation of womenIt studied 100 brands and companies, finding that 36 percent had a woman as CMO in 2018, up from 28 percent in 2017. But Spencer Stuart also found that the marketing industry remains plagued by a lack of minority representation in top roles. Only nine of the CMOs at the top 100 brands and companies it studied were minorities, down from 11 CMOs in 2017.

Companies that hired women as marketing executives this year include: Best Buy, which promoted e-commerce president Allison Peterson to chief customer and marketing officer; E-Trade, which hired Alice Milligan from Citibank as its chief customer officer; Sallie Mae, which installed Donna Vieira as executive VP and CMO after she had been at JPMorgan Chase; and Gap,Russell Reynolds also reported on what it described as an “acute CMO succession crisis,” noting that more than 80 percent of publicly...

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