What Is a Chief Technology Officer (CTO)?
A chief technology officer (CTO) is the executive in charge of an organization’s technological needs as well as its research and development (R&D). Also known as a chief technical officer, this individual examines the short- and long-term needs of an organization and utilizes capital to make investments designed to help the organization reach its objectives. The CTO usually reports directly to the chief executive officer (CEO) of the firm.
- A chief technology officer (CTO) is an executive who is responsible for the management of an organization’s research and development (R&D) as well as its technological needs.
- The responsibilities and role of the CTO also depend on the company.
- As of early 2020, PayScale reported the average CTO salary as $159,000
- In 2009, the White House announced the appointment of the country’s very first CTO, which is a position currently held by