iWorld
Facebook hunts for CMO
MUMBAI: Even Facebook is finding it hard to fill vacancies. The company has posted a job notice on LinkedIn looking for a CMO. It has been without a CMO all year, since Gary Briggs exited, leaving the company without a top marketing strategist just as it was hit with some of its most difficult challenges.
At minimum, the right person will know how to “guide a brand’s reputation and experience in crisis management,” says the job description. That might undersell the talents this person will need. Today’s CMO needs to be able to show real business results and infuse the whole operation with a consistent brand identity and focus on the message. On Facebook, that message needs to be about feeling safe and connected. “What they need is a PR master, someone that can build back the public trust,” Pattisall says. “Not just a marketer, but someone connected to leadership answering directly to Sheryl and working pretty closely with Mark to carry their vision forward.”
In 2017, Facebook spent $325 million on marketing, and it is looking for a person with experience of managing marketing budgets of at least $500 million. That would mean a likely candidate has to be from the top 100 largest advertisers in the US In the past, the CMO would only need to handle ad campaigns and traditional communications, but the role is evolving, Pattisall says.
CEO Mark Zuckerberg was pressured to testify before Congress to answer for mishandled consumer data, which came to light in the Cambridge Analytica affair.
In July, Facebook was threatened with the largest fine possible from UK regulators over its flimsy data policies that exposed consumers to malicious developers for years.
According to reports, data is not Facebook’s only problem. It has been blamed for everything from helping to destroy democracy in America to enabling genocide in Myanmar. Both of those charges stem from bad actors who have been able to warp Facebook for their nefarious purposes—in Myanmar, hate-filled posts have stirred real world violence against a minority group.
“This is a challenging job,” says Pivotal senior analyst Brian Wieser. “Facebook is not quite the prestige brand it once was, and there is so much worse to come.”
This year, Zuckerberg has focused the company on a multi-year project to clean up the platform, rid it of the most offensive content, and improve people’s experience. Those efforts could ultimately reduce the amount of time people spend on Facebook, as the company has promised to prioritise people’s well-being over profits.
Facebook recently rolled out an ad campaign meant to remind people of all the good times they’ve had on the social network with promises to do better to fight fake news and spam. Those attempts to rejuvenate the brand have not gone well. This week, satirist John Oliver mocked Facebook’s marketing campaign on his HBO show, calling the company “history’s most profitable data-harvesting machine.”
Gaming
MTG gaming chief Benninghoff joins NODWIN board as esports firm primes for IPO
The Gurugram-based esports firm is pursuing a public listing, has returned to profitability and is growing revenues by 42 per cent
GURUGRAM: NODWIN Gaming is moving fast. The Gurugram-based gaming and esports company has launched a pre-IPO fundraising round, appointed UBS as lead adviser for both the round and a subsequent public listing, and landed a heavyweight board director, all in one go.
The new board member is Arnd Benninghoff, executive vice president of gaming at Stockholm-listed Modern Times Group (MTG), who has overseen the group’s strategic investments and portfolio growth since 2014. He is no stranger to building things: Benninghoff has founded and built fifteen companies, served as chief digital officer at ProSiebenSat.1 Media AG, managing director of SevenVentures, and chief executive of Holtzbrinck eLAB. He began his career as a journalist at Deutsche Presse Agentur and various TV networks, holds a Diplom-Kaufmann in business and administration from the University of Münster, and previously sat on the board of Edgeware AB.
The numbers back the ambition
NODWIN is not pitching a story without substance. The company has returned to EBITDA profitability and posted a 42 per cent year-on-year revenue surge, reaching $58.5m in the first nine months of FY2026. The pre-IPO round will combine a primary issuance to fund global expansion through organic growth and acquisitions, alongside a secondary sale to give existing shareholders some liquidity.
Akshat Rathee, co-founder and managing director of NODWIN Gaming, said Benninghoff understands “the entire lifecycle of the gaming and media ecosystem, from the boots-on-the-ground reality of building startups to the strategic complexity of managing multi-billion dollar global portfolios.”
Benninghoff, for his part, said the company “sits at the intersection of sports, entertainment, and technology, making it one of the most exciting players in the global gaming landscape today.”
A portfolio built for the global south
Founded in 2014 by Rathee and Gautam Virk, NODWIN has quietly assembled one of the more compelling esports portfolios outside the Western hemisphere. Its properties include DreamHack India and Comic Con India, and it recently acquired StarLadder, the Ukraine-based tournament organiser behind premier events in CS:GO and Dota 2. The company also serves as a long-term strategic marketing partner for the Evolution Championship Series (EVO), the world’s most prominent fighting game tournament, helping push it into new geographies.
Its geographic focus spans South Asia, Central Asia, Southeast Asia, the Middle East and Africa. Backers include Nazara Technologies, KRAFTON, Sony Group Corporation, JetSynthesys, and the founders’ investment vehicle Good Game Investments.
What comes next
With UBS running the books, a board freshly reinforced with European media and gaming expertise, and revenue heading in the right direction, NODWIN is laying the groundwork deliberately. The esports industry has burned investors before with big promises and thin margins. NODWIN’s return to profitability, combined with a real portfolio of owned intellectual properties across gaming, music and youth culture, gives it a more credible runway than most. The IPO clock is now ticking.
