From CMO to CEO - advice from The Marketing Academy founder Sherilyn Shackell

25 Jun 2025 · 1 h

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Uncensored CMO - Episode Summary: From CMO to CEO with Sherilyn Shackell

Podcast Overview The Uncensored CMO podcast aims to explore the complexities, challenges, and realities of marketing theory and practice. The focus is on authentic conversations that reveal both the successes and pitfalls in the marketing landscape.

Episode Details

  • Title: From CMO to CEO - Advice from The Marketing Academy Founder Sherilyn Shackell
  • Description: This episode features Sherilyn Shackell, who shares her journey from a headhunter to the founder of The Marketing Academy. The discussion centers on how CMOs can transition to CEOs, the importance of their presence in boardrooms, and the necessary traits for success at that level.

Key Takeaways

Sherilyn Shackell's Journey

  • Background: Previously a headhunter for 20 years; launched The Marketing Academy after a near-death experience.
  • Motivation: The personal crisis led to a realization of the need for purpose-driven work and developing leadership talent in marketing.

The Marketing Academy

  • Purpose: A nonprofit organization aimed at nurturing leadership talent within the marketing industry.
  • Programs Offered:
  • Scholarship Program: For emerging marketing leaders, focusing on personal and leadership development rather than just marketing skills.
  • Fellowship Program: For senior CMOs, designed to equip them with the skills to transition to CEO roles, focusing on understanding corporate governance and strategic leadership.

CMOs in the Boardroom

  • Need for CMOs on Boards: CMOs possess crucial insights into customer behavior and can drive growth and innovation.
  • Strategies for CMOs:
  • Build personal profiles to establish credibility and influence.
  • Develop strong relationships within and outside the organization.
  • Invest time in learning about other aspects of the business (finance, operations) to speak the same language as other C-suite executives.

Transitioning from CMO to CEO

  • Key Skills:
  • Understanding the financial and operational aspects of the business.
  • Adapting communication styles to engage various stakeholders.
  • Importance of Networking: Building a network of mentors and advocates can facilitate growth and open new opportunities.

Fears and Anxieties

  • Common Concerns Among CMOs:
  • Fear of job security and the isolating nature of high-level roles.
  • Concerns about maintaining credibility and relationship dynamics with CEOs.

Advice for Marketers

  1. Take Responsibility for Learning: Actively seek mentorship and development opportunities; don’t solely rely on employers for career growth.
  2. Invest in Relationships: Build a network of champions who will advocate for you and support your career trajectory.
  3. Define Personal Success: Visualize your desired future, including personal and professional goals, and strategize steps to achieve it.

Conclusion This episode underscores the importance of CMOs not just as marketers but as essential leaders capable of steering companies towards growth and innovation. Sherilyn Shackell emphasizes the need for CMOs to actively cultivate their profiles and relationships to enhance their influence in the boardroom and prepare for potential CEO roles.

The discussion serves as a powerful reminder that personal development, strategic networking, and proactive career management are crucial for marketers looking to advance their careers.

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Transcript

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0:06Ladies and gentlemen, welcome back to the Uncensored CMO. Now, in this episode, we're taking a different tack. We're going to be talking about your career. Yes, that's right, your career. We spend so much time as marketers thinking about what marketing we're doing. How can we be more effective? How can we deliver for our businesses? But do we spend time thinking about us? Where are we going? Why are we here? And what are we going to do with our lives? And that's why I've invited Sherilyn Shackle, who's the founder of the Marketing Academy, who spends all her time with the top 1 % of marketers globally figuring that out.

0:35This is a great conversation. You're going to love it and it's going to be relevant to everybody. So listen in, take lots of notes and I hope you enjoy it. Thank you. So Sharon and Shackle, welcome to Uncensored CMO. It's lovely to have you. It's wonderful to be here. Thank you for having me. Well, dying to get in to talk about the Marketing Academy and what you do and what you're up to and how it's all been. But tell us a bit about your journey to this point. How did you end up here? Oh, my God, because I'm the age I am, that could be a really long story. So I will cut it short. but what people don't know or it's not commonly known is that I'm not a marketer right never have been I think I might have made a good one I think it was a path not chosen but I spent most of my career the majority of my career as a headhunter and I did it for 25 years and I believed that that was going to be my path but if I'm honest it was a career in which I was very successful I owned my own executive search firm, which I think I bought in my early 30s.

1:32So it probably looked quite successful from outside looking in. But I never actually really liked the industry. And as well, as an owner of a business, I was working really hard. I've always been quite driven. And I was doing a job that I was good at making money at, but that I didn't love. And something was going on at a kind of a soul level that I wasn't 100 % aware of. and I suffered from absolute burnout. I suffered a complete and total physical crash and I got an illness that could have killed me overnight and I was 42. And so I realised at that time, it was a really big wake-up call, really, really big wake-up call.

2:13Now, I had always been interested in marketing, actually fascinated by it and I had always really understood the power of it, especially as the growth driver in business so as a headhunter I'm taught my clients are CEOs and I'm looking at finding their boards right so their direct reports some occasionally would be a CMO and I used to get really frustrated with CEOs who would be you know we're not we're not growing quick enough our revenues are down our customers aren't talking to us or they're not liking us and I'd be saying well where's the CMO in the boardroom then you know where's the person that's got all the answers to this and they go well the cmo no my cmo's not on the board and i'd be well like well you're an idiot then basically because that's the person that's gonna fix this for you so i i'd always been passionate about it and i was also at that time in my life a non-exec director on a leadership development program which i'd gone on and it changed my life and it had inspired the real passion around developing leadership talent so when i had this kind of like midlife crisis thing go on I literally had the opportunity through a little bit of trauma to look at what I was doing with my life and I didn't like it and I and I felt that if I continue to do that continue to be on this treadmill of commercial acquisition and you know material wealth and success in inverted commas that I was going to kill myself and I had three young daughters at the time and it was not my path.

3:50So I decided that I was going to change my life quite drastically and the recovery of what I'd gone through was the kind of instigator for what the Marketing Academy became. I wanted to be developing talent. I wanted it to be philanthropic. So I really felt the need to do something that was for good in the world. And I wanted if I was going to create something that was for good around leadership. I wanted to make sure that it would have the biggest ripple effect. And the biggest ripple effect in the world is caused by marketing media and advertising, you know, that can change the world. And so it became about two years.

4:28I think we launched about two years after my illness. I was about 44, 45 when we launched. And I changed my life completely. And I've been doing that ever since, 15 years now. Wow, what a story. That's amazing. It's incredible, isn't it, how these traumatic events, as terrible as they are at the time become catalysts don't they to make the change and make you reflect on what do you want in life and from your career and it's odd isn't i've been in similar positions where i've been fired or had houses burning down all sorts of weird things have happened it's incredible to look back and go as difficult as it was at the time it forced me to think what do i want and what do i want to who do i want to be as well and here's what i remember But there were two things that I remember when I was ill.

5:11I was in intensive care and I was conscious through most of it, although on morphine, which is fantastic. I love morphine. I had morphine once, actually. It's fantastic. They'd wean me off it. It's like floating, isn't it? I became hooked on fentanyl patches. It's not a good thing, actually. Not a good look. Just say no. But I remember hearing my doctor say to my husband, you know, we look at their symptoms with this on a scale of 1 to 10. And if there were a 1, give them a paracetamol, send them home. if there are 10, it's very quick and a very painful death and your wife is presenting at nine.

5:41And I literally thought, holy shit, that means I could die like today. And if I die today, how shit will that be? Because I'm not living my best life. I'm not being my best, the best parent. I'm not, I'm hardly ever there. I'm drinking too much. I'm working too hard. I'm not being the best wife. And I'm in an industry that, to be quite honest, is not going to make a big dent in the world. It's not leaving a legacy and changing people's lives. There's no impact. And I think I've probably got more, more to give. And I remember thinking, if I get through this, if I get through this, one, I'm going to change my life completely.

6:19And then two, I'm never going to let anybody that's in my sphere of influence have to experience something this traumatic before they take a look at some of the choices that have led to where they are in their lives and be really crystal clear about whether they're in a place that's filling them with joy and purpose and purpose and why we're on the planet and what we're going to do with our time on the planet is a cornerstone of our programs. So whilst we're in marketing, media and advertising, actually the programs are all about at your core, at a heart and soul level, what is it that you're here for and what are you going to do with this spectacular time you've got left and what are you going to do with a power that you've now got at your fingertips because you're in marketing media and advertising and you can change people's lives you can change the decisions they make you can change the behaviors you can you know you can put somebody in government who's a complete dictator or you can do something that's really going to influence some societal change in the world what are you going to do and our programs bed that deeply and it's because I've often spoken to people that have really done some exceptional things as a result of trauma a lot of the inspirational speakers we get to come and talk to our cohorts that that's what's happened and I just thought god so many people in my life have done something exceptional but if they could do something exceptional then that means everybody can do something exceptional let's just take away the need for this sort of horrible catalyst a bit of grief or a bit of trauma or you know a nightmarish situation let's let's let's enable people to understand that they can sit on a mountaintop and breathe and ask themselves some really probing questions and give themselves the space to step back and just think what is in my life that gives me joy how do I give joy to other people what can I do to make a difference in the world and and that's what the programs then became about so it is it is interesting a lot of entrepreneurs have come from trauma i i can really believe that i mean i love really biographies of you know successful entrepreneurs and and it's almost always it's 90 of the trauma failure you know things that went wrong and you know you forget because you only hear about the success you tend to just hear about the polished you know uh result that happens afterwards but it's incredible how many how many successful people have actually had incredibly difficult times.

8:54I know a lot of it will be based in childhood they'll have had really bad experiences through childhood a lot of parental death you know I saw a stat once about really successful entrepreneurs and how many of them had like lost a significant one parent or the other before they were 18 or before they were 15 or something and and that is the thing yeah and that happened to me although I would never describe myself as an entrepreneur other people do I don't know why I don't and I just don't see myself as an entrepreneur but I lost my father at 19 of a heart like out of nowhere of a heart attack and at the same time probably because we lost my dad my mum descended into the living hell that's mental illness so I kind of lost them both at 19 and I know that that's been a massive driver And one of the drivers for me to become a successful headhunter with my own search firm was my mum drummed into me from a very young age.

9:52She had this beautiful phrase and she'd go, you'll get to the top, you will. You will get to the top. So I didn't have a clue what she meant, but I believed her. So I had this massive self-belief and this subconscious driver to make her proud, to make her right, to make her proud. And it wasn't until I'm 42 and nearly dead that I realised that she knew I could get there, but it was her one, not mine. But she told me that so often. The one thing that gave me was I got innate self-confidence and self-belief. but I never needed to get to the top. She needed me to get to the top. I didn't. I needed to do something good with my life.

10:40So I was able to let it go. You know, once I realised where it came from, I was able to change it and let it go. Up until that point, I'd never considered that I was doing it for any other reason other than that I wanted to get to the top. And it just wasn't a truth. It was I had to look back. I had to analyse. I had to face into where those beliefs had come from. And we do we do that with our scholars and our fellows. We take them back there and we go, what part of who you are today is stuff that you've been holding on to since you were seven years old. And you now have a choice. You can still keep hold of it if it's useful for you.

11:19Or you can just choose to let it go because you're not that seven year old anymore. Oh, well. So that's where we take the programmes. Not all of the programmes go that deep. And for anyone listening that doesn't know much about it as well, describe what the Marketing Academy programmes are. Because also they're not about marketing per se, are they? Although the context is marketing. Yeah, there's a huge context. This is much more leadership and, as you described, finding your purpose. It is, it is. So there's two levels and the programmes are different, although the structure of how we deliver the learning is the same.

11:48So we have the scholarship programme, the Marketing Academy Scholarship programme. is for the emerging leaders in the breadth of the industry. So marketing, media, media owners, agencies, right across the board. Very small programmes. So a class size of 30. We run the scholarship in UK, Australia and the States. So we only take 90 scholars a year through our learning. Highly competitive to get in. I mean, we get thousands of nominations and applications, thousands and thousands. Any tips on how to get in? there's lots of podcasts out there with our with our alumni talking about how to get in and there's also a whole load of example showcases so one of the things they have to do is they have to do a two-minute showcase and some of them are phenomenal and a lot of them are on youtube so if you really want to get in there are ways to really get under the skimmer there's a podcast i did years ago that gets circulated every year which does give a few insider tips um so it's hard to get on it's totally free and that's the case with all of our programs so we're a not-for-profit and you know the way in which we deliver our learning is that we've got these phenomenal people all over the world who are the top of their game in our industry and they all gift their time to help us to develop the talent and then 30 will go on a nine-month part-time learning development journey it's not a training course people say we do training no we don't it's real development stuff the scholarship is actually probably 25 % of the curriculum is around marketing skills.

13:22But we don't really over-index on it because we take the top 1 % of talent in our industry, right? So they've got to be pretty good at stuff. The rest of the curriculum is aimed at leadership development, personal development, and the purpose piece. So we get them together for three boot camps a year. It's residential it's about nine days of learning at boot camp in between the boot camps they get to meet mentors so we've got 280 mentors around the world who are all either cmos or ceos or subject matter experts and then they're all matched with executive coaches so they get their and who are board level coaches who all give their time pro bono so they by the end of the nine months they've spent this very intensive time with a cohort of another 29 fabulous people they become friends for life and then they enroll they get immediately enrolled in our alumni program so when you get into the academy you might do the program and you'll be in an in-year program but our support is there for you for the rest of your career and we invest a shed ton of time and effort resources into the alumni program so that's the emerging leader level there isn't an age range on it but they do need to be in a leadership position because they've got to be able to practice what we're teaching them.

14:39So they have to be in a position of big influence or leadership. I guess if there were a sweet spot, it's probably mid-30s, it's probably the sweet spot. Any younger and you just, you'll forget most of it by the time you get into a role that you can really do something with it. And then the other programme that we do is, at the most senior level within the industry, it is exclusively for brands only, not the agencies, which I'm gutted about, but we haven't found a way to make it work for agencies yet. And it's called the Marketing Academy Fellowship Programme, and it is exclusively for brand side CMOs.

15:11Now, that program has no marketing at all because they are the top CMOs. So they already know all that stuff. We're not going to teach them any of that. What that program is designed to do is to enable the CMO impact to be felt much, much more strongly in the center of the board. So what we're really looking for are CMOs that really want to grow the breadth of their board impact. ultimately to become successors to the CEOs that the cornerstone of the program is aimed at that desire not all of our sit or not all of our fellows and CMOs end up wanting to be a CEO some actually find out what the CEO role is all about while they go on the program and go nah nah nah not up for that but they what we're doing is we're raising their awareness of what is happening in the main boardrooms and we do that in partnership with McKinsey so McKinsey provide all of the like the head stuff and that is stuff like corporate finance mna strategy transformational change organizational efficacy organizational health all the things that sit out of the cmo domain at board but then in between and we get them together for these residentials but between that learning which mckinsey provide we do us house thomas barter who you might if you haven't had him on you should uh thomas barter sil salah katherine tolp who runs our coaching we're responsible for the leadership journey as we call it and that's modeled very similar on on the scholarship so you know really understanding who they are their purpose in life what they really want what their vision for the future is how they're going to get there very deep dives on leadership impact and also mentoring and coaching so they also get mentored but they get mentored by chairman and you know global ceos or portfolio non-execs and they also get an executive coach so it's extremely holistic which is why it's not training it really is intensive development and you know the reputation that we have is that that is quite transformational so we've now got almost 400 alumni of the fellowship program around the world we run that in emia apac and the states and 900 alumni of the scholarship programs.

17:24This year, by the end of this year, we'll have 1 ,500. That's quite a force. Yeah, that's amazing. Yeah, it is. And all for free. It does make a lot of sense when you talk about not being about marketing. So I know when I had my first board position as a marketer, it was a real wake-up call because I suddenly realized the conversation is not about marketing. I know it sounds obvious, right? No, I don't get it. But I sat there talking about industrial disputes or the lease on the factory or, you know, firing somebody or, you know, how are we going to pay back the loan from the bank? I mean, I was in a private equity situation.

17:56But they all have that. They all have something like that. But again, being an exec and a bigger company I went to after that, again, it scales up and it's like, as the most senior marketing in an organisation, you really aren't doing much marketing. You know, it's people, it's politics, it's, you know, persuasion, it's planning, it's a whole different skill set. I think it's something, this is why I think what you do is so impressive because people don't realise this, that when you get to the most senior marketing role or you join a board, you really aren't doing marketing in the traditional sense that you might have grown up working on how to do a good poster or how to do a great social media campaign.

18:30And it's a completely different conversation. The language is different. The priorities are different. And it's all the other thing as well, which I think connects to what you do. I found it incredibly lonely because what I realised is at the level below, you have a peer group who do what you do and you kind of bond together because you're all building a campaign or launching a product right and you kind of like celebrate yay we've got you know our product launch has gone well or whatever and then you're in the cmo position your peer group have come up through a completely different background whether it's operations or finance or sales whatever completely different objectives and they just don't understand some of the stuff you're talking about they're also talking a different language yeah the language different And then you sat there talking about balance sheet or the update to shareholders or, you know, and or the finance and debts and stuff like this.

19:19And it's weirdly I did a finance and economics degree. And it's been quite bizarre because I've then done a career in marketing. It's only now or only then when I got into those positions, oh, I know this stuff. Oh, put my hand up. All right. I can talk about it now. And it's vital. And that's where there's a real mismatch, I think, between the skills that get you to there and the skills that then get you to the next bit. is just this big switch. It's huge. And also, you know, there's so many frustrations I hold about it because so when we launched the fellowship, it would have been 10 years ago, no, 11, we're in our 11th year of the fellowship programme.

19:53And at the time, we had so many big CMOs involved as mentors for the scholars. And it was those CMOs that were saying, I wish this was, you know, there's nothing around for, there's nothing like this for me. And at the time, so we have to go back 10 years and it is different now. At the time, the FTSE 100 had three board level CMOs at real board levels. Gavin Patterson, who was a BT at the time, Amanda McKenzie and one other. It might have been Andy Fennell at Diageo. It might have been Diageo, I can't remember. But there were three out of 100 that even had a really senior marketer on their board.

20:34And no CEOs with marketing backgrounds. Now, that fortunately has changed over the last decade and it's getting much, much better. But at the time I was thinking, why is that? Why aren't they making that move? Because you get a CEO with the breadth of skill set that a CMO has. And my God, you have gold dust. Totally. As long as that CEO also understands all the financial levers, the operational stuff, how to create shareholder value, how to manage the stakeholders. and that's where the disconnect is right so what tends to happen still happens but happened a lot then the CFO would be the successor to the CEO nobody would take the CMO applicant seriously my argument right from back then was you have no idea what you are missing the CMOs are the best communicators in your business and being a CEO is about storytelling right they are usually really good people people and leadership is one of the main key cornerstones of being a CEO they may not have been in the finance function but a good CMO that's growth and revenue driven will understand those levers if even if it hasn't been taught to them on paper so they're bright they understand data and they understand creativity they understand impact of people on culture They've got it all.

22:03And I could never, and as a headhunter, it's driving me nuts. Because we do a CEO search and they go, you've got to have finance experience. I go, really? Just explore that a bit. Because, you know, their biggest problem is their customers. And they want to see it. They want a finance guy. Well, a finance guy is going to come in and, yeah, they're going to save you money because they're going to cut a whole lot. They're going to make a whole lot of cuts. Certainly, I'm not convinced they're going to be on investing for long-term brand growth. So it used to really, really wind me up. And that's why we set up the fellowship.

22:37That's why we launched it. You're so right. My argument in that situation, I totally agree with you, is because no role on the C-suite has a bigger impact on the bottom line than the CMOs. And it's underrepresented also in the long term. And this is where I think we go wrong. I saw this data the other day. I think Ian Whittaker shared it on LinkedIn. in and it was looking at from an investor level what they value yeah number one brand but then chris burgrave had on last year was looking at what skill set does cma ceos are looked for in ceos financial acumen number one bottom marketing yeah so we've got this really weird disconnect where actually people that are taking a long-term view of investing in your business really really care about your brand the people making the day-to-day decisions or running the business want safety want finance right and but as you say no one shapes the financial outcome particularly in the long term more than the marketer so we've got to try and get over this kind of this disconnect between what the business needs in the long term and what marketers are doing so here was here was my my here was the principle of how we even develop the curriculum where my frustration was sitting was you can't if a cmo is not allowed into the board it's not even invited in or if they are, it's to present the deck on brand or the most recent stats on performance marketing, whatever the bloody hell they do.

24:01But if they're not in the boardroom, how can they learn that stuff? Whereas the CFO will always be in the boardroom. So the CFO by the very nature is going to have a little bit of exposure to marketing, right? Because they're sitting in the room when the marketer comes in and presents the marketer stuff. So why do you not have the CMO sitting in your boardroom so that the CMO can get exposure to all of the other functions? That's how you you develop your bench of succession for the CEO, right? And so we were thinking, well, they've got not got hope in hell. If a CMO hasn't already got board experience, then how on earth is that CMO supposed to understand the kind of language that they're going to speak?

24:38And they literally don't know what is keeping their CEO awake at night and neither kind of should they because their job is to be the CMO. So I remember when one of our fellows was promoted to a CEO role and his whole background, absolute blue chip marketer. And I got him to come back and talk to a new class of fellows about making that move, the CMO to CEO move. And he said, when I was a CMO, I believed that the CEO was thinking about my part of the business like 60 % of the time. When I became a CEO, I realized that I think about marketing maybe 2 % of my time. And until he got that job, he didn't know that, didn't understand that.

25:30So the whole of the curriculum that we wrap around the fellows is aimed at bridging that gap, right? It's aimed at just shortening the journey of knowledge and awareness from, you know, domain that they've currently got to what all of these different levers are to ready them at the very least they are a little more ready and then we're exposing them to mentors who aren't marketers they're chairman so those chairs are in decision making responsibility so we like also to think that we're also influencing the CEO decision making community that there's a lot more capability and credibility and skill and you know capacity within a cmo to become your ceo and we're starting to see those shifts happening that's exciting yeah and i i mean the whole industry i think has shifted as the cmo's functional role i mean it's so different now to what it was 10 years ago totally you know when we know because you know we're getting 500 to a thousand applications from cmos every year, year in, year out, we can see the difference in their roles over the last decade that the CEOs are bloody having to take them seriously now because now they're owning, all right, so they've got R &D and they've got products and they've got the really good ones and they've got data.

26:53And haven't they also got technology now? And so they've got such a wide remit now that the CEOs are going, Christ, that's a massive piece under that person. We need to get them on the board. The interesting dynamic I've spotted over the last few years, actually partly because I do this podcast and talk to so many CMOs, is in a crisis, interestingly, the CMO's opportunity increases. So I noticed this in COVID because when everything's going well, it's a bit like the old saying, success has many fathers and failures and orphan. When things are going well, sales team, you know, patted on the back and the CEO is great and everything else.

27:29But what I noticed is, and there was a bit of research done on this just after COVID, is that when the crisis happens, suddenly everyone looks to the CMO going, how do we get out of this? Where's the growth coming from? What supports innovation? Tell us about the customer. You know, what are our competitors doing? And weirdly, although it's uncomfortable going back to the beginning of our conversation, actually, oddly, the challenges that we see globally, where's growth going to come from next? Or how do we deal with the crisis? Like, you know, financial crisis, those kind of things. that is an opportunity for the real cmos to step up and actually show their metal and if you think i mean you put it perfectly earlier about you know you own the customer relationship you own the long-term strategy you own the implementation through the business you own the hearts and minds you own the communication of it externally right all those skill sets that cmo has to sorry ceo needs can be proven in a you know in a big crisis moment or not you have to have a crisis But a crisis kind of accelerates the visibility of that and pushes you to do that.

28:29Yeah, and those crisis points, those fires, they are happening all of the time. But here's the challenge still, though, is that you're absolutely right, and the CMO is the one that's going to get them out of it. But if their relationship with the CEO isn't strong enough, if the CEO doesn't have a perception of real credibility from that CMO, And then if that CMO doesn't back themselves, put their head above the parapet and start taking control and start speaking a language that the rest of the board are going to understand, then they're still not going to get there. And I, yeah, I've struggled a little bit with this personally, because I think with if you're like the CFO or you're the chief operations officer or sometimes the chief customer officer, you've got data, you've got real time data, you've got facts, you've got figures, you know what I mean?

29:19And the CMO is talking about brand equity, which seems like this slightly loose, you know, idea. And I think that's where marketers have to bridge the gap between the art and science and become a little bit more hard nosed about. This is the bottom line impact of what I'm doing and what we're doing together. Absolutely. We're driving that message all of the time because in reality, that's probably the only. Well, it's the biggest disconnect. Right. And if you can bridge that gap and that's not hard. But, you know, just getting curious about understanding what it is about that data that those particular decision makers need to know.

29:54You are a consummate storyteller as a CMO. You should be able to translate all of that stuff into that stuff. Job done. Yeah. Job done. So I do hold. So this is partly to do with the perceptions of the CEOs. And of course, if a CEO has not come up the marketing route, or maybe not even in a very brand driven, you know, it's even harder in B2B, right? It's really hard. Because that's even more ruthlessly just about numbers and performance and quarter by quarter. So less on the long term brand vision, which the B2C guys have. So you get this negative perception of the CEO. So I hold the CEOs responsible for that.

30:39But I'm saying to our CMOs all the time, the way out of this sits with you. You do not wait to get invited into the boardroom. You demonstrate every step of the way that you deserve to be in the boardroom because you know just as much about the levers across the business and you are speaking in their language all of the time. And if you don't do that, that's on you. Do not expect to be promoted to the board. You've reminded me of something. There's a slight irony with this is that as marketers, we are very good at understanding our audience, designing communication to meet them where they're at, providing answers to their solutions, speaking in their language, right?

31:22So, hello. I know. You just flipped that internally. I know. I discovered this weirdly on LucasAid. We went through this incredible moment of crisis. It was awful. I mean, it was like scary. It was difficult. We lost lots of revenue overnight. There was a big consumer backlash. It was awful. And as the marketing director, I was on the hook for it. And I remember I got a team together to, you know, agency group together and internal people together. And we just like almost locked ourselves down for eight weeks. It's like a lockdown situation. And it was actually advice from my PR, my corporate PR agency that just made me, the framing was interesting.

31:58They said to me, John, how would you approach this if you were running for president inside this organization? And you thought about it like, who do I need to talk to? What's the message? When do I need to do it by? What's my hundred days? What are they going to feel when it happens? And I was so fixated with the external result. Like, can I win my consumers back? You know, how do we change perception? And I'm good at that. I knew I was good at that. That was my skill set, right? I hadn't thought about the internal equivalence. And it's a bit like the gladiator thing where you win the crowd, you buy your freedom sort of thing.

32:33To be a success, you have to win the internal crowd as well as the external one. And thinking about it, it's just weird somehow things get framed in a way that works with you. The fact that he said to me, you have to think about, even down to the fact, he said, what's your three-word slogan? What's the slogan that appears everywhere in the organisation that tells everybody in three words what you are going to do. I was like, man, that's good. You know what I mean? But it's a bit like a doctor not taking their own advice, isn't it, with marketers? Well, it is. And you want to brattle their heads together.

33:04Yeah, well, I kind of do. But then there's a big part of me that thinks, well, you know, it is on you and that is your job. And you are, they are, the good CEOs will be externally focused for all of the right reasons. But, I mean, it's interesting. this might lead to something I think we've discussed in the past is is that um very often time in that situation you would you would find that a CMO will almost subvert their own internal credibility to make sure that they're delivering in their business for their people and yet if you want to make an impact you know real impact at board you've got to be doing that whole internal thing as well and i think that humans tend to be uncomfortable with that brits really uncomfortable with that oh my god no is that just not but that's about me well yeah it is about you because it's you that can make the difference here i think this is a really really important point particularly for british listeners i have to say i agree with you years and years ago i working at britvic and i was um shortlisted for the it was called the hypo program i mean every big company has their high potential thing and you know in three years gets director level or whatever and um i failed the assessment center and i was really gutted i mean is it that formative year where you're sort of starting to take leadership roles and i put my heart and soul into it and i thought i'd done well i really thought i'd nailed it and i was so disappointed with the feedback and it was this horrible i remember getting this particular bit of feedback it slightly annoyed me actually it was like i hadn't managed my stakeholders well enough and And it's almost like it's like being told there are rules of the game that you never realized there were before, because I thought it was about performance.

34:47I was going in going, I've done this. I've done that. I'm great in this situation, great in that situation. And then the mentor I was given or the coach I was given at the time said, OK, you need to be thinking about who is influential in this decision. You know, have you have you built up a relationship with them? Have you had a chance to show them what you're good at? Have you made sure that you've merchandised the project that you did? Because actually what you said is true, but it's not very visible to people. And all those kind of things. I thought, oh, yes. In that sense, I'd failed to manage my personal brand.

35:18I might have aced the test. I might have done a brilliant job on the field in terms of the team building thing and thought, great. I hadn't thought about how I'd managed my personal brand in that process. And it's a weird thing, isn't it? Because a bit like you, particularly British people, you think my job is to serve. you know and and and actually selfishly you've got to like they are they are the absolute worst i find it really fascinating because to really be able to make an impact at board level you have to be able to influence you can't influence without credibility gravitas and the skill required to you can't get gravitas without your profile creating a perception that you're worthy to be there right so um and i'm working with cmos all over the world and there are some cultural things around this right it's hard to do in asia it's really the brits find it really hard not so hard in the states not so hard in the states they have the converse challenge in that they're all superb at the at the gravitas building they're all superb at the communication and pretty good at the credibility it's them working out who can actually deliver so it's a different challenge but with that but but with Brits and and Europeans I'm like you need to be this is about you and they say no it's not about me it's about my job and my people and I go no it is about you you need to be out on the public circuit you need to be at conferences you need to be saying yes to all of these panels that you always ask for and you always ignore you've got to be doing articles you've got to be being a voice piece and they go I just can't like I just can't do it we've even got in our application form for the fellowship we ask them to list what we call external endorsements and we say articles podcasts interviews conferences blah blah blah and I swear to god the Brits they'll write like three things and then they'll go I do realize that this is an area that I have to work on in the US pages pages and pages and so what I will always say to any of our fellows who go oh I just can't bear the thought of it is I go but you owe this to your company and they go what do you mean you know you're saying that I've got to promote brand me and I go yeah but brand you directly translates to that brand your brand your teams who do your teams want to work for somebody that nobody in the world has ever heard of or somebody that's being lauded all over the place.

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37:54When a CMO takes the stage, you are the brand champion for your company and your people. Who's going to want to come and work for you? You need to be the employer of choice for marketers everywhere. How are they going to know what you like if you're not out there on the stage? So reframe it. It just needs to reframe. It isn't actually about you. It's about your brand and your people. That's what you're doing it for so no matter how uncomfortable it is get over yourself and then you will by the very nature of that be able to increase your credibility your gravitas and therefore your influence and impact that's such good advice and the other thing i i learned uh through my career i mean you'll know this particularly well as a former headhunter is how few roles at senior levels ever get advertised oh absolutely so if you're not building your profile you're literally missing out on probably nine out of ten opportunities something like that it's about that isn't it apart from the odd ones in the sunday times or whatever but because every ceo that's worth their salt and we when we talk the fellows through this any ceo who's a really good ceo and and really understands the power of the people in the team will have a successor in mind for every direct report and if they haven't they bloody well should have because that's their job they need to know that if anybody either dropped dead or walked out the building or whatever or just left that they would not leave this huge hole so they should have a pipeline well where do they find that pipeline what the cmos need actually we say this with our scholars as well you need to be having investing in relationships with what we call the champions the people who will talk about you without you being in the room in a really championing and advocating way because they're the ones that are going to get you the jobs they're the ones that are going to have the words in the ears of the chairs the words in the ears the private equity boys ah we know exactly who you should talk to these people and you're absolutely right I was always fully aware as a headhunter and to be quite honest a CEO will often put somebody that they know in play with a headhunter to ensure due process, to ensure that that person is the best of the best.

40:04But you've got to know them and you've got to work it and you've got to invest in those relationships. And so few people do because they don't think of that context of how relationships really work because they think it's networking. And we hate networking. Who loves networking? It's horrible. We need to rebrand networking. We've got to. I've never managed to find the right word. We call it connectivity. It's still a bit shit. Sounds like a mobile phone now, doesn't it? But you're so right. And I think particularly the more senior you get as well, the more trust becomes incredibly important. So if you're like a CEO and you're making a big appointment with your CMO or you're applying for the CEO role, like there's a lot at stake.

40:48And so the trust, you need the reputation. You need to be able to, as you say, demonstrate, oh, we've done all this and that sort of thing. and that's why i think that people have to be thinking about their external profile as well and building their network because you know if you think about you know anyone phones you up and said you know sherry who would you recommend for this role i'm going to listen to you because i know you right and therefore that trust that i have in you is kind of transferred to this person and that's why that building that network is is incredibly important and i think that there is an upswing in do you remember when all the when when the kind of the dot-com boom thing happened i'm old enough to have gone through many booms and busts.

41:26But I remember that there was a thing about hiring the, it was about the caliber of the board that you hired would be the mark of success for that new investment thing that was just about to float, right? I've actually been watching, especially in the States, this trend that the brands are hiring higher profile, external profile CMOs, let alone high profile CEOs. And I've seen that trend happening quite a bit. And if you get the right CMO with the right kind of following and with the right kind of community of, and the right social media profile, you can, you'll shift the brand value. If that person goes and joins that company, you can see the shift.

42:12I've got Jonathan Mildenhall and Rocket. I mean, well, when he went to airbnb like his legacy the the external perception of him that legacy just just enabled him to like crest on it i mean he's phenomenal which is what happened but i see that happening a lot and i remember talking to mckinsey years ago when we were really planning this and they said that um when when um a board has a short list of three or four ceos they will subconsciously favour the CEO that they've heard the most about. Right? Risk aversion, isn't it? It's familiarity. If you're familiar, you feel better about it. So it's the same thing with the CMO.

42:52Yeah. Same thing with the CMO. So we are kind of a little bit banging on that drum all the time. You owe it to yourself, to your brand, to your teams, to your future employees to get out there and start shouting about it. And there's nothing but good that will come of it. Nothing. And they go, oh, no, people will think it's all about me. just get over it just because you're that that is the thing that's why i struggle with two things uh the guilt as in i'm spent i mean for me i spend an hour of every day on linkedin consciously right planned and diary and in my head i go is that work that's the problem so psychologically i'm going is it work am i guilty because i'm not doing work but it's whether you're posting or just reading everybody else i know i know exactly but you're right because the compound benefit of that hour every day is i i can point to the huge amount of awareness that it's created for system one in my case for system one and the interest it's creating so on but it's that guilt of going is this work i think and then the second thing is which which i struggle with a little bit is everyone's going to think i've got a massive ego and that's what they say right and and that's that's really hard because and it took me a little while to get used to it that it's not humble bragging or whatever everyone kind of says on LinkedIn.

44:08It's sharing successes, it's sharing insight, it's sharing learning. People want to hear. That's the thing, the appetite to hear from people in the role, doing the job, in the toughest positions, there's a huge audience out there. And the other thing, of course, actually, which as you touched on this earlier, which I think is super important is, it's a talent magnet. So you get to hire people way above your competitors. And there is no bigger competitive advantage than the quality of people in your team. Yeah. So just that alone is worth it. And you save all the recruitment fees because they'll be sending you.

44:40Well, we just make your old person, your old self-redundable anyway. But seriously, you know, my fellows get, I get people in my community going, oh, I can see that you've got fellow ex-CMO of Monzo Bank or whatever. I've always wanted to work for that person. I'm like, drop them an email then. They go, oh, should I do that? Yeah, absolutely do that. Drop an email because that's how the world works. and you know a CMO that's active on LinkedIn they've got their own pipeline they're saving fortune in recruitment fees and they are benefiting their brand and so I will always say just change the lens because it isn't actually about you whilst you're thinking oh everybody's going to think I've got a big ego no they won't they'll believe that you're working for a fantastic business that you are a great leader that you are giver of information and knowledge that you're a sharer so you're generous they'll get to know you so they'll understand your leadership style so they're going to want to come and work for you it's a win-win-win but you've got to make the decision to do it and it doesn't need to be a lot of time or effort and you can get an ea if you're a big cmo get you ea there are there are people that do that you can also you can get ghost writers as well that can absorb all your content and write for you that there are there are ways of doing it for sure you get you get in your role you get to listen in to many many conversations of senior most as you described the top one percent what are the sort of things fears or anxieties they have that they may not talk about publicly because you must get to have some pretty powerful conversations um look there's lots they're all human right and i think that the you know that some of the fears and the worries that you would get in a very junior member of your team is just and maybe even amplified higher up right because they've got less people to talk to and probably a more leveraged life therefore more responsibilities and so you know cmos are frightened of getting fired they're really they're really and there's so much pressure especially i mean in the states it is it's brutal it does shift geographically in australia in australia there's not quite as much fear there's not actually yes there is so in australia it's a really bloody expensive place to live right sydney it's really expensive so the salaries and the mortgages have gone up like exponentially and it's a small geography so there's not the volume of roles So there is a bit of fear down there, actually, because if they do come out of a role, there's very few opportunities.

47:00In the States, it's more fear of being fired because of the intensity of the pressure in the States. And in the States, it's also very isolating, more so than here, even geographically isolating. Right. Because they're literally spread over this entire bloody huge 50 odd. It's like 50 odd countries. And we don't we in Europe don't think about it like that, just like they don't think about Europe like that. But, you know, they won't see, they're not very good at networking. They're not, they don't belong to very many really powerful groups. So they've not got counsellors or advisors or peers to share it with.

47:34They're not hardwired to share either because it's intensely competitive. So they're fearful and isolated, which is a, you know, double negative, right? And it is the fear of being fired is the biggest concern. It does exist in Europe, but we're more protected. We've just got better rights, so a little bit more protected. They're fearful of what's happening with their CEO. So a lot of the frustration they'll voice is the relationship between them and the CEO, which can move from being in love with each other to being toxic within two weeks of lack of performance. right so so it's a very very that that will probably take up a huge amount of their brain space when they're relaxing it will be the thing that's waking them up at three o 'clock in the morning and then dependent you know geographically the kind of the socio-economic environment i think is so much more impactful than we actually even allow ourselves to believe it is and so those are the kinds of things that get talked about and then you know they're all of an age right if they're CMOs, kind of of an age.

48:42And then you're into, and you're at the top of your, you are absolutely at the top of your functional silo. You start to feel the existentialism starts to, it really does start to come into it. And they're like, well, shit, I've got here. Where do I go now? And what does that look like? And how do I get there? And oh my God, you know, is my career about to be over? And should I be looking at retiring or should I be looking at doing it? So they really have some really quite deep come-to-Jesus moments of clarity or not. And, you know, those are the kinds of – fortunately, we're so – we, you know, how we deliver the fellowship particularly and the fellowship alumni, which is fabulous for all of them, it really does allow – it holds that for them.

49:32It allows them to, first off, know that they're not alone, right? They'll come off the first residential, which is a four-day residential, when they first meet each other. So we had 25 EMEA CMOs meet each other for the first time two weeks ago. And they were from eight different countries. And a couple knew of each other, but not – and they come out of it feeling like they've got lifelong friends because that trust to be able to discuss that stuff, we break that down by the afternoon of day one and create the environment that they know they are in a place of complete psychological safety amongst peers that are going through the same stuff, that are experiencing the same things.

50:17And if they're not, they're able to coach and mentor each other to how they can make that different. And, you know, those things are very rare at that level. You're absolutely right. I mean, people forget, or maybe they don't forget, but it's a pyramid, right? So by definition, I mean, and there's one. And I remember, I remember probably maybe the age of 42 suddenly going, oh, what happens to marketers after 40? I mean, quite literally, because I think I had maybe 80 % of my team were less than 30. And you just do the maths in your head going, where are all the 40 something, 50 something, forget even 50 somethings, but like, where are the marketers, you know?

50:54And I suppose what I think I learned is you have to take ownership for that. you can blame the system all you want but you know you've got to take ownership for it and you've got to be planning your career and where it goes next and if you've got no personal profile you are coming way behind if you suddenly find yourself out of role indeed you know you've got to be thinking those things and it can be i mean that that coming out of role can be really traumatic we do a huge amount we do as much support as we can and we've got fellow alumni that are investing time and energy in supporting their other fellow alumni through this because you can get somebody that's had a superb decade, decade run.

51:36They've now found themselves at the top. They've been at the top for two years. They've got a three-year stint as a CMO. They're now out of role. And it might be the first time for 20 years that they've been out of role, not of their own choosing, and back in the job market. And they may have never been in the job market. You know, they might have been headhunted since they were grads and suddenly they're in a job market not only that's changed beyond all recognition but a job market where there's only one role per company that's going to have the right role for them and then it's got to be a role that they want and then it's got to be the right culture and then it's got to be the right package and then it's got to be in the right location so they're you know their funnel they're dancing on pinheads by this point Their funnel is, you know, lowered by, you know, thousands of percent.

52:22And that's so frightening, so scary, no matter what kind of parachute they've got. It's really scary. It is very scary. And also you've probably built a life around you. You will have and leveraged it. That is maintaining a certain level of existence as well. Your mortgage will be equal to your left kids in private school because you could. No, absolutely. And, you know, that's why some real thought and planning as to what your long-term career is. making sure that the breadth of your role gives you the most opportunity to do that next thing at width you know across the breadth that all helps yeah to to secure your future because the holding that fear when you're in role can change everything it it changes the relationships you have with your agencies like if you're holding that much fear and you think you're going to get fired and if you got fired your life turned to shit how likely are you to do really risky, really cool, risky stuff?

53:19How likely are you going to give your agency real attitude to go out there and like tear down mountains? How much are you going to empower and delegate to your teams, right? So it's toxic, it becomes toxic. And then you've got a self-fulfilling prophecy because you've been so worried and scared and risk averse that you've not created the right environment around you to support success and then you've got an ever decreasing circle that you've created yourself so you know every we we're working with this all the time and half the time a cmo won't even be aware of that fear and they haven't all got this either i must say this isn't you know this isn't i'm not applying this to every cmo out there because it's just not true some of them are brave ass and they figured all this out and they know exactly what they want to do or they've let go of the fear and then become really successful so they don't need to be fear But, you know, I would talk to any CMO that's got even like they're holding on to anything that says, shit, I could be fired from this tomorrow if I make one screw up, if I miss the numbers one quarter.

54:24Is if you start leaning into this fear, you are going to behave as if that's a reality. And if you behave like that, everyone around you is going to behave like that. And that's a race to the bottom. Self-fulfilling prophecy. It totally is. I feel like we should end this on a high. Yes, let's do that. So why don't we try and give me three things maybe that anyone, any senior marketer can do to learn from the A-stars that you work with. What are they doing that everyone listening could go, right, I'll do that. All right. So the first thing I'd say is take complete responsibility for your learning and development, right, at any level, at any level.

55:04So if you're a CMO and you're thinking, oh, the fellowship sounds great, but I haven't got the time to do that. but you know you can recognize that you're not doing the right stuff go and get yourself some mentors start generating developing relationships with the non-execs not just yours but other companies non-execs go seek someone who's going to mentor you or champion champion you you know talk about you when you're not in the role but mentor you give you advice or coach you ask probing questions of you in order to that you can come up with the solutions I think at any level that applies right what tends to happen is we always believe that our employers are the ones that are responsible for developing us that's putting total responsibility for your future outside of your control you're responsible for that real development curve get curious start to go to conferences that are not in your in not in your domain go to a finance conference right go to something on private equity go to an entrepreneur's founders forum broaden your lens and broaden your skill set and take ownership for developing that so I'd say that absolute any level really take ownership for for learning and developing relationships I cannot stress how important relationships are and that's up down sideways across building relationships internally and and externally it can change your life and no matter what happens to in your life if you've invested as much in relationships in every context as you can because the choice to do that is at your fingertips then even if you got fired or your house burnt down or you got ill your tribe will just lift lift you up I will say this quote oh it sounds it's going to sound like a downer but it's not really we invest a disproportionate amount of our time in relationships with people who won't come to our funerals right what yes profound right but so true that's Kamal Summer one of our boot camp speakers down in Australia and and that is so true but doesn't have to be it doesn't have to be the beauty the real empowering bit we'll figure out who you have in your life that are really significant to you the champions the mentors the coaches the supporters we say the supporters are the people whose shoulders you cry on right we all need that might be your mum figure out who in your life those people are and commit to spend at least twice as long twice as much time with them as you currently do don't take the people that have the biggest influence in your life for granted which is what we tend to do right well they know we love them so I don't need to call them every day yeah yeah you do yeah you do because one day they won't be here and neither will you and you have that time available to you so really thinking that through is a beautiful thing because you can change the way you can change the way you're living so relationships so learning and development relationships and then being really quite crystal clear on what you want in your life what is it you really want your life to look like visualize we do a lot of visualization manifestation all of that stuff but seriously figure out what the best six months of your life looks like in every context how much money do you want to be earning how much money do you want in the bank how much pension do you think you're going to need what role are you going to be doing what cultural environment are you going to be in what's the culture you're creating in your organization what's your private life look like what kind of house are you living in really visualize it and then do something about it think about the steps that you need to make that will just move you closer to that.

58:52Those are the three things. Amazing. Well, that's been absolutely top advice, Sharon. Thank you so much for coming on the show. It's been, I feel like we could have gone on for a lot more time, but it's nice to solve the world. Isn't it? Isn't it, Jess? And marketers can do that. I know. Well, do you know, actually circling back to the very thing you said, I think it's ironic that someone that's come from outside of marketing is telling marketers how valuable they are. I love that. And maybe that's what it takes. Maybe that's what it needed. Yeah, it's really good. So thank you. It's a pleasure.

59:19Thank you for having me.

59:48Thank you.

From the publisher

After 20 unhappy years as a headhunter, it took a near death experience for Sherilyn Shackell to launch The Marketing Academy, a non-profit organisation developing leadership talent in marketing. Launched in 2010, The Marketing Academy now helps marketers become CMOs and CMOs become CEOs. This episode, we focus on exactly how CMOs can get a seat at the table in the boardroom and all the traits they need to do this successfully.

Timestamps

00:00 - Intro
00:53 - How a near death experience led to the creation of The Marketing Academy
08:29 - Does trauma help founders?
11:27 - What is The Marketing Academy?
15:05 - How The Marketing Academy Fellowship helps CMOs become CEOs
20:08 - Why there needs to be CMOs on boards
27:03 - What CMOs can do to get on boards
35:36 - Why CMOs need to build their own profiles
39:23 - Why CMOs need to invest in relationships
44:16 - Why having a personal brand is a talent magnet
45:48 - The biggest fears and anxieties of CMOs
54:34 - What marketers can learn from the best CMOs in the world?

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