Until I saw the free standing insert (FSI) on the left from Marcal Manufacturing on Sunday, I could count on one hand the number of times I’d seen a CEO featured in a cause marketing type ad. Heck, I could count it on one finger.
That CEO was the wonderfully avuncular Dave Thomas, the founder of Wendy’s as well as its long-time pitchman. Thomas died in 2002 at the age 69.
Thomas was famously adopted as a child. As an adult he started the Dave Thomas Foundation for Adoption, which Wendy's sponsored. Wendy’s continues to support the foundation… along with other charities… with cause marketing initiatives and corporate giving.
Now Marcal is using its CEO in a cause marketing type appeal. Since 1950 Marcal has made paper products from recycled paper. It goes without saying that Marcal was decades ahead of its time. Marcal was purchased in 2008 by a private equity outfit and Tim Spring, the man in the ad, was installed as CEO.
Spring has extensive experience in consumer package goods, including turning around existing brands like Vlasic. In his 25-year career Spring has been worked with or turned around numerous other brands including French’s, Tegrin, RedHot, Bagel Crisps, Easy-Off, Airwick Stick-Ups, Log Cabin, Open Pit, and Mrs. Butterworths.
In other words, Spring’s almost certainly a short-timer at Marcal.
I can’t say for sure how the Marcal purchase took place, but private equity outfits usually buy out existing owners by leveraging the business with debt. They then typically bring in a turnaround specialist like Spring to grow the business and pay down the debt. At a certain point the owners cash out by reselling the business.
Now one of the oldest rules of thumb in advertising is to never have your CEO be your pitchman. That’s because the traits that make you a good CEO don’t necessarily overlap with the traits that make you a good pitchman.
More to the point, a CEO’s average tenure is right around 6 years for Fortune 500 companies. That’s like 25 minutes in advertising years.
For instance, the CEO of Sprint is a frequent pitchman for his company. He’s been on the job since 2007. Without Googling him, can you tell me what his name is?
The only effective way to pull off the CEO as pitchman is if he’s going to be there forever, like Dave Thomas was, and you advertise a lot, like Wendy’s does. It helps if you’re willing to have a little fun with your personality in the ads, like Thomas did.
No matter who owns or runs Marcal, it will probably continue to position itself as a pioneering green paper company. That’s good strong positioning in this day and age.
But Marcal’s use of their CEO as pitchman is either an act of naiveté or an act of ego.
Given Spring’s impressive marketing experience, I doubt the former.
Labels: Dave Thomas, Dave Thomas Foundation for Adoption, FSI, Marcal Manufacturing, Private Equity, Sprint, Tim Spring, Wendy's