Studies on CEO succession in the S&P 500 identify COOs, divisional CEOs, CFOs, and 'leapfrog' leaders as common feeder roles. However, a separate 10-year study, the CEO Genome Project, found that the fastest-climbing CEOs often made unconventional career moves rather than following traditional corporate ladders.
The CEO Genome Project identified decisiveness, reliability, adaptability, and the ability to engage people around a plan as key skills for successful CEOs. These traits were more significant than pedigree in determining who reached the CEO position quickly.
Product management is not typically listed in major CEO-pathway research, likely because it is a newer function often categorized under general management or engineering. Despite this, the demands of a product management role, such as ownership of tangible outcomes, customer focus, and decision-making, directly align with the skills identified in top-performing CEOs.
Notable tech leaders like Sundar Pichai (Google) and Neal Mohan (YouTube) held significant product management roles before becoming CEOs. While the scope of a CEO's role is broader, the core skills exercised in product management are highly transferable and provide a strong foundation for leading an entire business.
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Product management roles develop key leadership skills that align with those found in successful CEOs, despite not being explicitly recognized in traditional CEO succession studies. The skills cultivated in product management, such as decisiveness and customer focus, are directly transferable to the responsibilities of a CEO.