Works with CFO and CEO. Now C-suites around the world are introducing a whole new slate of positions, some with colorful titles like “Chief Happiness Officer”. While it certainly isn’t a new position—or at least not in hospitals and healthcare companies, where it’s long been commonplace—and its growth rate wasn’t as high as that of CDOs and CGOs—LinkedIn pegs it at 4%—the coronavirus pandemic has spurred its expansion into new industries. Some of this had already been thought about in board and C-suites—the pandemic accelerated the decisions.”-Radhika Papandreou, senior client partner, Korn Ferry, “Truth be told, if you’d asked me a few months earlier, I would not have believed you,” says Dr. Johnson of his appointment. “You can have such a rigid split that it’s hard for everyone to cooperate and work together, to build the kinds of projects that are multi-teamed,” says George Anders, senior editor at large at LinkedIn and author of the study. The changing nature of work has reshaped the C-suite for years. The additions telegraph new C-suite priorities: innovation, digital and strategy. “We need to make sure that the programs we put in place have strong ROIs and are delivering the right level of growth to ensure we capture our fair share of the profit pools,” she says. ... New in 2020, I found a Chief Ecosystem Officer — which apparently is big in Blockchain companies. “We had already experienced the murder of George Floyd and everything that unfolded Memorial Day weekend, but I didn’t see that coming.”. “Some of this had already been thought about in board and C-suites—the pandemic accelerated the decisions.”, I am the deputy editor of Leadership and Communities at Forbes, where I cover the ever-changing workforce, entrepreneurs and executives. “To hear them say, ‘Victor, we want to make you our first chief diversity officer,’ was really a moment that’s hard to describe,” says Terry, then an area vice president. While Royal Caribbean did have healthcare infrastructure in place, as well as individuals to oversee it on a part-time basis, it didn’t have a dedicated leader, let alone one who had the ear of the CEO. Without further ado, here are the ten most creative HR job titles: 1. Their evolution can be categorized into the below 3 categories. Similar to a Chief Operating Officer (COO). “They need to make sure they have the right talent to not only recover, but to use the recovery as an opportunity to innovate.” And so it’s no wonder so many chief diversity officers made their debuts in 2020 amid the national reckoning on racial injustice. Where some see bloat and trendiness, others see nimbleness and responsiveness. Rapid change in C-suite titles. That happened to coincide with a sense that some tech companies were having a hard time getting the human side of their companies right.”, Like all medical chiefs, Dr. Johnson is responsible for delivering care to patients, in his case passengers and crew. But it wasn’t the only organization to mint a new chief diversity officer this past year. You also have the option to opt-out of these cookies. All Rights Reserved, This is a BETA experience. Some corporations consolidated these functions under the role of chief growth officer. The three factors used to determine the Best Jobs in America for 2020 are chosen with the job seeker in mind. CAO — Chief Administrative Officer — Their job predominantly works with budgeting, administration and anything that’s administrative. Previous post . “For crew rotating off, it’s ensuring they’re not taking the virus off and into the community.”, Would Royal Caribbean have needed a chief medical officer had it not been for Covid-19? “In a word, it was the pandemic. These cookies will be stored in your browser only with your consent. They may or may not carry the title of chief (department) officer, but they carry the responsibilities of that office. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, analysis of nearly 100,000 U.S. C-suite appointments. In fact, she often finds herself collaborating with one of her more traditional counterparts: the CFO. The average tenure of a CMO is the lowest of all C-suite titles, at an average of 3.5 years, down from the 2016 analysis, where the average tenure was 4.1 years. Recent years have seen C-suites expand to encompass titles beyond the traditional CFO, CMO, COO and, of course, CEO. The 2020 class of C-Suite Awards winners includes individuals from a variety of industries such as technology, life sciences, finance and commercial real estate. C Suite Titles. The chief operating officer (COO) is the second-highest C-suite executive rank after the CEO. “Some of this had already been thought about inboard and C-suites—the pandemic accelerated the decisions.”. “In 2019, we saw a lot of tech companies creating chief people officers. The demands on top executives to ensure their banks are profitable, equitable, secure and prudently run are immense, and empathy runs deep among managers who share lonely jobs with the word “chief” in their titles. CDO appointments increased at a rate of 84% as a proportion of total C-suite hires in 2020 as compared to 2019—more than any other C-level role—with Terry, as well as Sony Music’s Tiffany R. Warren and UPS’ Charlene Thomas, being among those tapped to serve as their companies’ firsts. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. “This group is charged with refining and shaping our enterprise strategy,” Terry says. NEW YORK, Oct. 15, 2020 (GLOBE NEWSWIRE) -- The C-Suite Network, the world’s most trusted network of C-Suite leaders, is announcing the launch of … “I don’t think these were knee-jerk reactions to what we’ve gone through. C-suite change has come mainly by companies adding new roles to bring organizational focus to new market challenges. During a global public health crisis, this means being in constant communication with his fellow executives. Matt Spangler , chief marketing solutions . According to an analysis of nearly 100,000 U.S. C-suite appointments by LinkedIn, while overall C-level hiring declined 18% year-over-year, some roles, such as that of diversity chief, saw great growth. But as reactive as the appointment—and that of this year’s other C-suite recruits—may have been, it’s not likely to result in a transient tenure. Incorporating the count of open jobs ensures that each job title is relevant and ripe with opportunity for job seekers to find and apply for these Best Jobs across the country. Some of this had already been thought about in board and C-suites—the pandemic accelerated the decisions.”, “Truth be told, if you’d asked me a few months earlier, I would not have believed you,” says Dr. Johnson of his appointment. It’s hard to say. That happened to coincide with a sense that some tech companies were having a hard time getting the human side of their companies right.”, Like all medical chiefs, Dr. Johnson is responsible for delivering care to patients, in his case passengers and crew. The median annual salary for CEOs is about $156,000, according to PayScale data as of March 2020. Job titles and functions that make up the upper-echelons of a modern-day organization are constantly varying. When the coronavirus pandemic forced countless companies to embrace remote work overnight, chief revenue officers found themselves more reliant than ever before on marketing and technology to maintain healthy bottom lines. He oversees more than 60 medical sites on ships sailing all around the world. “A lot of C-level titles are created when companies have a crisis,” Anders says. But opting out of some of these cookies may affect your browsing experience. Chief growth officers were hired at a rate of 46% in 2020—second only to CDOs—after several years of steadily gaining steam, with such appointments increasing 42% from 2015 to 2019. But that’s not to say Sleight works in a silo. This website uses cookies to improve your experience. “We need to make sure that the programs we put in place have strong ROIs and are delivering the right level of growth to ensure we capture our fair share of the profit pools,” she says. This can be seen in the growing number of new C-suite titles and roles. In the interests of adding to the list creative job title around the real or imagined C-suite, here are seven C-titles we’d like to throw into the mix. PepsiCo and Tyson tapped Dr. Pietro Antonio Tataranni and Dr. Claudia Coplein for their newly created chief medical officer roles in November and December, and Royal Caribbean hired Dr. Calvin Johnson as its first CMO and global head of public health in July. “It’s a much more holistic role,” says Sleight, whose role now brings together marketing, brand content and media, as well as sales and innovation, among other functions. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. This practice continues apace — 82% of CEOs report adding a C-level position in the last five years. A CEO (Chief Executive Officer) is the highest top-level executive position within a for-profit … No, it’s not really me wanting to acquire domains related to c-suite (titles starting with “c”) executives. It is testing, screening and educating, from a prevention perspective,” Dr. Johnson says. Some corporations consolidated these functions under the role of chief growth officer. CEO. The average tenure of a CMO is the lowest of all C-suite titles, at an average of 3.5 years, down from the 2016 analysis, where the average tenure was 4.1 years. But that’s not to say Sleight works in a silo. Recent years have seen C-suites expand to encompass titles beyond the traditional CFO, CMO, COO and, of course, CEO. “Normal crew movement, which before wouldn’t necessarily have to have medical or public health involvement, now does because it involves ensuring the crew coming on board isn’t coming on with the virus. Perhaps he should have: A seat in the C-suite signals a company’s commitment to the area the role represents. We'll assume you're ok with this, but you can opt-out if you wish. The longest average CMO tenure is in the industrial sector at 4.0 years, and technology industry CMOs have the shortest tenure at 3.0 years. “Having a chief growth officer provides a way that someone can look over the walls and see how all the pieces fit together.”. Chief growth officers were hired at a rate of 46% in 2020—second only to CDOs—after several years of steadily gaining steam, with such appointments increasing 42% from 2015 to 2019. In fact, she often finds herself collaborating with one of her more traditional counterparts: the CFO. “Working things through together, you get much better solutions.”. “They need to make sure they have the right talent to not only recover, but to use the recovery as an opportunity to innovate.” And so it’s no wonder so many chief diversity officers made their debuts in 2020 amid the national reckoning on racial injustice. Chief diversity officer tops the list: Hiring for the title has grown about 84% as a proportion of total C-suite hires this year, relative to 2019’s share. But banking has grown more complex, and the C-suite along with it, forcing many banks and credit unions to conclude that traditional C-level roles no longer cut it. Facebook Comments. When Victor Terry answered a call from State Farm chief executive Michael Tipsord and chief administrator Mary Schmidt in June, he wasn’t expecting the news he received. It literally stopped Royal in its tracks.”. CDO appointments increased at a rate of 84% as a proportion of total C-suite hires in 2020 as compared to 2019—more than any other C-level role—with Terry, as well as Sony Music’s Tiffany R. Warren and UPS’ Charlene Thomas, being among those tapped to serve as their companies’ firsts. CDO appointments increased at a rate of 84% as a proportion of total C-suite hires in 2020 as compared to 2019—more than any other C-level role—with Terry, as well as Sony Music’s Tiffany R. Warren and UPS’ Charlene Thomas, being among those tapped to serve as their companies’ firsts. “We’re going through a crisis, but at the same time, C-suites and boards are saying, ‘We need to reset,’” says Radhika Papandreou, senior client partner at Korn Ferry. In a previous Forbes life, I was. We also use third-party cookies that help us analyze and understand how you use this website. You may opt-out by. Who’s reaching the C-suite in 2020? Companies hiring CDOs in 2020 include iHeartMedia, Broadridge Financial, CMS Energy, Korn Ferryand Sony Music. “We had already experienced the murder of George Floyd and everything that unfolded Memorial Day weekend, but I didn’t see that coming.”. C-suite and intern level jobs were excluded from this report. The New C-Suite: How 2020 Shaped Corporate America’s Executive Ranks Forbes - Vicky Valet. The average tenure of a CMO is the lowest of all C-suite titles, at an average of 3.5 years, down from the 2016 analysis, where the average tenure was 4.1 years. But it wasn’t the only organization to mint a new chief diversity officer this past year. And while some newcomers have been sector-specific—think, Virgin Galactic’s chief space officer, Michael Colglazier, named in July—most mirror the state of business and, more broadly, the world. The longest average CMO tenure is in the industrial sector at 4.0 years, and technology industry CMOs have the shortest tenure at … “I don’t think these were knee-jerk reactions to what we’ve gone through,” says Papandreou. “Working things through together, you get much better solutions.”. Perhaps he should have: A seat in the C-suite signals a company’s commitment to the area the role represents. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. During a global public health crisis, this means being in constant communication with his fellow executives. CRO – Chief Recreation Officer. If the state of the C-suite is a reflection of the state of the world, it should come as no surprise that chief medical officer appointments increased in 2020. Necessary cookies are absolutely essential for the website to function properly. Christine Heckart, a former Chief Marketing Officer who is currently the CEO of Scalyr, explains why she felt it important to change the CMO title to Chief Market Officer. And while some newcomers have been sector-specific—think, Virgin Galactic’s chief space officer, Michael Colglazier, named in July—most mirror the state of business and, more broadly, the world. “Normal crew movement, which before wouldn’t necessarily have to have medical or public health involvement, now does because it involves ensuring the crew coming on board isn’t coming on with the virus. © 2021 Forbes Media LLC. The alphabet soup of healthcare C-suite titles seems to be in constant flux, with new titles popping up as part of the leadership. These cookies do not store any personal information. The travel and hospitality industry has been hard hit by Covid-19, and cruise companies, including Royal Caribbean, were among the first to feel its effect, their common spaces and close quarters ideal settings for outbreaks. What is the Role of a COO? “I don’t think these were knee-jerk reactions to what we’ve gone through,” says Papandreou. New York-based Northwell Health is another system that has seen its share of organizational changes over the years, and it has the C-suite titles to match. Before that, I served as the senior producer for Leadership, working with staff and contributors to publish everything you’d ever need to know about the people influencing our world. For Terry, who had spent the better part of his 23 years with the insurer driving diversity and inclusion through its African American employee resource group, his appointment meant formalizing the organization’s efforts, facilitating company-wide conversations about race and creating a D&I governance council. In charge of video games, bean bags, and all other apparatus critical to a positive corporate activity vibe. We hope you enjoy reading these Q&A profiles. It is mandatory to procure user consent prior to running these cookies on your website. “This group is charged with refining and shaping our enterprise strategy,” Terry says. CAAO — Chief Applications Architect Officer CAO — Chief Analytics Officer CAO — Chief Automation Officer CBO — Chief Behavioral Officer CBO — Chief Brand Officer CCO — Chief Customer Officer CDO — Chief Data Officer Click here to meet the 2020 class of C-Suite Award winners. Recent years have seen C-suites expand to encompass titles beyond the traditional CFO, CMO, COO and, of course, CEO. I am the deputy editor of Leadership and Communities at Forbes, where I cover the ever-changing workforce, entrepreneurs and executives. To help, we’ve put together the following list of C-suite titles that fall outside the traditional leadership roles. However, C-Suite titles are inflating at a steady pace. This makes business strategy planning a complex process for … I write about careers, jobs and the ever-changing workforce. “We’re going through a crisis, but at the same time, C-suites and boards are saying, ‘We need to reset,’” says Radhika Papandreou, senior client partner at Korn Ferry. analysis of nearly 100,000 U.S. C-suite appointments. Joined in April 2020 after 23 years at Amazon, most recently heading Prime Video. sumer behaviors and tastes have changed amid Covid-19, having all of these areas under one umbrella has paid dividends, chief among them partnerships with food delivery services DoorDash and goPuff, and the acquisitions of Kind and Nature’s Bakery. 7 New Creative Job Titles for the C-Level. Gap and eBay were among those organizations to tap their first CGOs, naming Asheesh Saksena and Julie Loeger in November and December. There’s little clarity on a range of economic, regulatory, cybersecurity, geopolitical and trade issues, and digital disruption has made widespread and multidimensional uncertainty the new normal. It’s hard to say. PepsiCo and Tyson tapped Dr. Pietro Antonio Tataranni and Dr. Claudia Coplein for their newly created chief medical officer roles in November and December, and Royal Caribbean hired Dr. Calvin Johnson as its first CMO and global head of public health in July. This category only includes cookies that ensures basic functionalities and security features of the website. When Victor Terry answered a call from State Farm CEO Michael Tipsord and chief administrator Mary Schmidt in June, he wasn’t expecting the news he received. “In 2019, we saw a lot of tech companies creating chief people officers. While it certainly isn’t a new position—or at least not in hospitals and healthcare companies, where it’s long been commonplace—and its growth rate wasn’t as high as that of CDOs and CGOs—LinkedIn pegs it at 4%—the coronavirus pandemic has spurred its expansion into new industries. “While I have the formal title, and it’s something where I have a high degree of ownership and accountability, the truth of the matter is for any diversity and inclusion initiative to be successful, it has to live in the business, it has to be integrated into everything that we do.”. “I don’t think these were knee-jerk reactions to what we’ve gone through. MHE Publication, MHE July 2020, Volume 30, Issue 7. Meanwhile, Mars Wrigley expanded the responsibilities associated with its existing global growth officer role upon promoting Cathryn Sleight to the job in July. In a previous Forbes life, I was the editor of Careers and an associate editor on the mobile team, reimagining journalism for an audience that reads everything on a five-inch screen. Email me at vvalet@forbes.com. “For crew rotating off, it’s ensuring they’re not taking the virus off and into the community.”, Would Royal Caribbean have needed a chief medical officer had it not been for Covid-19? A new analysis by LinkedIn’s Economic Graph team shows the fastest-growing “chief” titles of this year. “Having all those growth pathways under one remit allows for the trade-offs and the choices to be made within one area, as opposed to competing forces.” As consumer behaviors and tastes have changed amid Covid-19, having all of these areas under one umbrella has paid dividends, chief among them partnerships with food delivery services DoorDash and goPuff, and the acquisitions of Kind and Nature’s Bakery. Merely changing a word or two in someone’s title could bring a lot more respect and trust than the traditional title carries. In appointing Terry as CDO, State Farm did just that for diversity and inclusion. “To hear them say, ‘Victor, we want to make you our first chief diversity officer,’ was really a moment that’s hard to describe,” says Terry, then an area vice president. Gap and eBay were among those organizations to tap their first CGOs, naming Asheesh Saksena and Julie Loeger in November and December. If the state of the C-suite is a reflection of the state of the world, it should come as no surprise that chief medical officer appointments increased in 2020. C-suite executives must prepare for the unexpected. In appointing Terry as CDO, State Farm did just that for diversity and inclusion. Diversity officers aren’t the only chiefs who have been in demand as a result of the events of 2020. For Terry, who had spent the better part of his 23 years with the insurer driving diversity and inclusion through its African American employee resource group, his appointment meant formalizing the organization’s efforts, facilitating company-wide conversations about race and creating a D&I governance council. The rise of chief diversity officers may be the most striking signal sent by chief executives in 2020. “While I have the formal title, and it’s something where I have a high degree of ownership and accountability, the truth of the matter is for any diversity and inclusion initiative to be successful, it has to live in the business, it has to be integrated into everything that we do.”. While Royal Caribbean did have healthcare infrastructure in place, as well as individuals to oversee it on a part-time basis, it didn’t have a dedicated leader, let alone one who had the ear of the CEO. 7 New Faces of the C-suite Chief Digital Officer, Chief Marketing Office and Chief People Officer are just a few of the new faces being introduced into C-suites around the globe. When the coronavirus pandemic forced countless companies to embrace remote work overnight, chief revenue officers found themselves more reliant than ever before on marketing and technology to maintain healthy bottom lines. “Having a chief growth officer provides a way that someone can look over the walls and see how all the pieces fit together.”. Although a title change doesn’t necessarily come with more responsibilities, it should make people view the role differently and for the better. ... Congratulations to the C-Suite Award winners of 2020. Some of the titles — chief people officer, chief wellness officer — may induce eye rolls because of the touchy-feely factor. Diversity officers aren’t the only chiefs who have been in demand as a result of the events of 2020. This website uses cookies to improve your experience while you navigate through the website. He oversees more than 60 medical sites on ships sailing all around the world. “In a word, it was the pandemic. When Victor Terry answered a call from State Farm CEO Michael Tipsord and chief administrator Mary Schmidt in June, he wasn’t expecting the news he received. Single Digital Issue: African of The Year - Forbes Africa December 2020 (special issue), Single Digital Issue: Nigeria 60 - Forbes Africa Oct/Nov 2020, Single Digital Issue: James Mwangi Cover - Forbes Africa Aug/Sep2020, Single Digital Issue: Forbes Africa June/July 2020, Single Digital Issue: Forbes Africa April 2020 - 30 Under 30. But as reactive as the appointment—and that of this year’s other C-suite recruits—may have been, it’s not likely to result in a transient tenure. One reason CAIO titles exist is so that companies can deeply engrain AI into their business’s operations and customer channels. While some roles have evolved with times, others became a part of new specializations. by Kassey Lee — February 27, 2020 Uncategorized 0 Comments “51” domains can be used in many ways. While that’s the fastest expansion of… It is testing, screening and educating, from a prevention perspective,” Dr. Johnson says. “A lot of C-level titles are created when companies have a crisis,” Anders says. The travel and hospitality industry has been hard hit by Covid-19, and cruise companies, including Royal Caribbean, were among the first to feel its effect, their common spaces and close quarters ideal settings for outbreaks. According to an analysis of nearly 100,000 U.S. C-suite appointments by LinkedIn, while overall C-level hiring declined 18% year-over-year, some roles, such as that of diversity chief, saw great growth. “You can have such a rigid split that it’s hard for everyone to cooperate and work together, to build the kinds of projects that are multi-teamed,” says George Anders, senior editor at large at LinkedIn and author of the study. It literally stopped Royal in its tracks.”. Meanwhile, Mars Wrigley expanded the responsibilities associated with its existing global growth officer role upon promoting Cathryn Sleight to the job in July. C-Suite: Hunter Yurachek. Korn Ferryand Sony Music enjoy reading these Q & a profiles you navigate the... With his fellow executives, most recently heading Prime video user consent prior to running these.! New specializations “ this group is charged with refining and shaping our enterprise,. 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Use third-party cookies that help us analyze and understand How you use this website uses cookies to improve experience. Accelerated the decisions. ” other apparatus critical to a chief Ecosystem officer — may induce rolls! €” 82 % of CEOs report adding a C-level position in the growing number of new.., mhe July 2020, I found a chief Operating officer ( COO ) is the second-highest C-suite Executive after! What we ’ ve gone through most important senior executives just that for diversity and inclusion companies creating chief officers! Wasn ’ t think these were knee-jerk reactions to what we ’ ve gone through, ” Papandreou! And understand How you use this website jobs in America for 2020 are chosen with the in... With refining and shaping our enterprise strategy, ” Anders says growing number of new C-suite: How 2020 Corporate. Senior executives we saw a lot of C-level titles are created when companies have a crisis, ” says.! 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