The report was based on an analysis conducted in 2016 of the top 1,000 US companies by revenue. The researchers examined the age and tenure of executives holding common C-suite titles (CEO, CFO, CHRO, CMO, and CIO) for each firm.
The average overall age for a C-suite member is 54, and the average tenure is 5.3 years, the analysis found.
The average age of a CMO is 52, and the average tenure of a CMO is 4.1 years, the shortest of all the C-suite titles examined.
CMOs in the life sciences and professional services sectors have the oldest average age (54); CMOs in the consumer sector have the youngest average age (50).
The longest average CMO tenure is in the financial services industry (5.1 years), and the shortest is in the life sciences sector (3.1 years).
Ayaz Nanji is an independent digital strategist and a co-founder of ICW Content, a marketing agency specializing in content creation for brands and businesses. He is also a research writer for MarketingProfs. He has worked for Google/YouTube, the Travel Channel, AOL, and the New York Times.
LinkedIn: Ayaz Nanji