When it comes to the organizational structure of a company, there is often confusion between the roles of a chief operating officer (COO) and an executive vice president (EVP). Although the two positions may have similar responsibilities, there are some key differences between them. The COO is typically responsible for managing the day-to-day operations of the company, while the EVP is usually in charge of overseeing the long-term strategies and goals. The COO is usually second in command to the CEO, while the EVP is usually third in command.
The EVP typically has more power and responsibility than a COO, but the COO may have more work possibilities. In addition to the COO and EVP, there are also external directors who are elected externally and considered independent of the company. The board of directors is responsible for overseeing the management team of a corporation and ensuring that shareholders' interests are well served. When exploring career paths, it's important to understand the differences between a COO and an EVP.
A COO is an executive member of a company who is tasked with managing the daily operations and administrative functions of the company. They report directly to the CEO and are considered second in command. An EVP is responsible for implementing and overseeing the operations, processes and strategies of the day-to-day to fulfill the company's overall mission and vision.