If it's an engineer, it's normally touted as a kind of progressive gloat.. Such as "We get free water AND it's organic!", "Our desk chairs are made from recycled plastic bottles!" and "Our company doesn't really have a hierarchy or chain of command, I sit near the CTO!"

Joking aside. It's tough to draw a conclusion from that single statement. I've 'sat in the in the office of the CTO' as a 1st line engineer, and he spent 90% of his mingling with other engineers performing engineer duties (such as technical support or hands on switch installs) and 'sat in the office of the CTO' as a Product Manager where I conducted more 'organisational' duties alongside him.