Who Delivers Your End of Iteration Demo?

Just curious who actually delivers your demo at the end of the iteration.  Here’s the scenario, there is a “product owner team” (with of course the Chief Product Owner) that consists of 8 people and a team of 10 people (devs, testers, PO, PO proxy, SM).  The “product owner team” also communicates with the business stakeholders and everybody attends the demos.

My preference is that the team delivers it as a whole with one team member taking the lead from iteration to iteration.  Who delivers your demo at the end of the iteration?  If you don’t like the options, feel free to comment!

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