I've had a similar experience, and I agree 100%. In my case the founder/CTO was very capable but after a point he just didn't want that position because of som

I've had a similar experience, and I agree 100%. In my case the founder/CTO was very capable but after a point he just didn't want that position because of some reasons, and he left. The company then decided to just assign the next-in-line people as a group of 3 to act as the CTO replacement. That didn't work very well, and actually 2 of them ended up leaving too. After that we finally hired a guy specifically to be the CTO, and it's been great after that. (I left the company after a while, but it's still going great with that latest CTO)