Many studies have indicated that organizations have experienced a crisis of confidence in the information systems functions and information executives. We address the issue to the changing role of the Chief Information Officer and the diverse perspectives that the role has been perceived. This paper reports a study of differences in IT capabilities and IT maturity models. It proposes a question that involvement in each capability may depend on the IT maturity stage of a company. Thus the future of the Chief Information Officer may show a strong correlation, which will later draw the potential opportunities and threats. This paper also presents examples of what can be generally awaited for the Chief Information Officer in nearest future.