Chief executive officer (CEO),
Definition of Chief executive officer (CEO):
Top executive responsible for a firms overall operations and performance. He or she is the leader of the firm, serves as the main link between the board of directors (the board) and the firms various parts or levels, and is held solely responsible for the firms success or failure. One of the major duties of a CEO is to maintain and implement corporate policy, as established by the board. Also called President or managing director, he or she may also be the chairman (or chairperson) of the board.
A chief executive officer (CEO) is the highest-ranking executive in a company, whose primary responsibilities include making major corporate decisions, managing the overall operations and resources of a company, acting as the main point of communication between the board of directors (the board) and corporate operations and being the public face of the company. A CEO is elected by the board and its shareholders.
A CEO's role varies from one company to another depending on the company's size, culture, and corporate structure. In large corporations, CEOs typically deal only with very high-level strategic decisions and those that direct the company's overall growth. In smaller companies, CEOs often are more hands-on and involved with day-to-day functions. CEOs can set the tone, vision, and sometimes the culture of their organizations.
How to use Chief executive officer (CEO) in a sentence?
- He was promoted to Chief Executive Officer after being employed with the company for several years and after many years of schooling.
- You need to make sure that you are on the good side of your chief executive officer because he wields the most power.
- The chief executive officer was insecure and that is why we all thought he wanted that title because it covered up the truth.
Meaning of Chief executive officer (CEO) & Chief executive officer (CEO) Definition