Earlier quoted context omitted.
This can work, imho, IFF the organization has both a CTO and CIO (or someone else tasked with managing the org). I've seen lots of places where the CTO is purely the technical visionary/advisor/final decision maker, and doesn't directly manage the technical organization. This scenario is far more common outside of the tech industry, where you usually have a CIO running the IT cost center, and a CTO making decisions a…
The technical capacity of a CTO matters less then the CTOs ability to stay in their lane (for a lack of a better term). I once worked for a company with a self taught CTO (and not the good kind). They had a number of star players, and this CTO would frequently lash out at them. All because he was getting in the way of them doing their jobs, doing work he wasn't qualified to do, trying forcing them to clean up after h…
Was that a Fintech in Germany, by any chance? :)
I once witnessed a meeting between a CTO and a Tech Lead. The CTO was attending from his laptop in an open office, and he was yelling in Russian for one hour straight at another Tech Lead because he wanted the tech lead to finish his work. It was a pathetic display, with the whole company watching and wondering what was going on.
Eventually he was "phased out" by having a few people promoted to VP of engineering who would deal directly with the CEO instead of him.
Last I heard he tried to rewrite the financial core in Golang by himself, but he failed since nobody wanted to work together with him and he doesn't really knew the language.