I was reading Purchasing this morning and came across this link announcing that Toyota's purchasing head was elected President of the entire automotive giant.
It took a minute for the announcement to fully sink in. But the implications then became completely clear to me. No longer can a CPO just strive for a seat in the boardroom as their ultimate goal. The CPO can now aspire to graduating to the leadership of an entire organization.
Years ago when I was completing graduate school, all of my mentors were quick to share their ideas about what I should do to climb the corporate ladder. "Strive to become a CFO" said someone. "Focus on sales and marketing" beamed another colleague. No one mentioned purchasing or Spend Management as the ticket to leadership. But they should have.