From Product Vision to Corporate Vision: The Ascension of Chief Product Officers to the CEO Throne
In the dynamic landscape of corporate leadership, the role of Chief Product Officers (CPOs) is evolving, with a growing number of CPOs stepping up to CEO positions. The 2023 CPO Insights Report, authored by Capgemini and Products That Count, sheds light on this trend, predicting that by 2028, 70% of CPOs will have Profit and loss (P&L) ownership, reflecting their increasing influence on business outcomes and strategic decisions, including mergers and acquisitions (M&As).
The report’s insights are particularly relevant in the context of HubSpot CEO Yamini Rangan’s thoughts on how generative AI could translate into revenue streams and Arm’s decision to list in New York, highlighting the financial considerations in the tech industry.
For a deeper dive into the changing role of chief product officers and their rising prominence in the tech sector, read the full article on TechCrunch: The rise and changing role of chief product officers.