CMO turnover has stabilized but minority hiring still lags

Turnover in the chief marketing officer role has stabilized and more women are being hired, but the industry remains plagued by a lack of minority representation in the job, according to a new report.Average CMO tenure among 100 of the most-advertised U.S. brands dipped slightly to 43 months in 2018, compared with 44 months the year prior, according to the latest “CMO Tenure Study” from executive recruitment firm Spencer Stuart. The average tenure has ranged from 42 to 48 months