"what does the CTO's (yeah i know JB isn't an *officer* but he is the chief of technology and that is nomenclature *utilized*) next *invention* mean to the PPS"
And because he isn't an officer you will NEVER see the company use the CTO acronym again, nomenclature *utilized* notwithstanding. But just because the company distances itself from it, and it's absolutely wrong, doesn't mean that you have to abandon it.
"As a corporate officer position, the CTO typically reports directly to the chief executive officer (CEO) and is primarily concerned with long-term and "big picture" issues (while still having deep technical knowledge of the relevant field)." http://en.wikipedia.org/wiki/Chief_technology_officer