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A group of Fortune 500 CEOs in 2015. A chief executive officer (CEO), [1] also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization.
Chief executive is a term used for a head of government that allows its holder to perform various functions. The term can also apply to heads of state as well, though it is less common. The term may refer to the title of the position, but many constituencies place this power in a position with a different title (e.g., president or prime minister ).
The most senior roles, marked by signing authority, are often referred to as "C-level", "C-suite" or "CxO" positions because many of them start with the word "chief". [2] Many positions at this level report to a president or chief executive officer, or to a company's board of directors. [3]
There are considerable variations in the composition and responsibilities of corporate titles. Within the corporate office or corporate center of a corporation, some corporations have a chairman and chief executive officer (CEO) as the top-ranking executive, while the number two is the president and chief operating officer (COO); other corporations have a president and CEO but no official deputy.
In the corporate environment, the head of a company is the Chief Executive Officer (CEO), with the president being second in command. Leading the company's executive group rather than the overall company, the executive president in this instance is responsible for day-to-day operations.
Executive director is commonly the title of the chief executive officer (CEO) of a non-profit organization, government agency or international organization. The title is widely used in North American and European not-for-profit organizations, though in the United States many have adopted the title ' president ' or CEO.
The power of a president to fire executive officials has long been a contentious political issue. Generally, a president may remove executive officials at will. [84] However, Congress can curtail and constrain a president's authority to fire commissioners of independent regulatory agencies and certain inferior executive officers by statute. [85]
In a similar vein to a chief operating officer, the title of corporate president as a separate position (as opposed to being combined with a "C-suite" designation, such as "president and chief executive officer" or "president and chief operating officer") is also loosely defined; the president is usually the legally recognized highest rank of ...