See my recent post here about how a company needs to support the CMO.
Below is a quote and a link from Eric Brown and his posts about the new CIO:No longer is the CIO just the main technologist for the organization. The CIO is a leader who has a strong technology background but also understands the worlds of marketing, finance, social media, sales and everything else an organization does.Eric D. Brown – Technology, Strategy, People & Projects, Jun 2009