What is the Role of a Chief Executive Officer (CEO)?

A Chief Executive Officer (CEO), also known as a Chief Executive Director (CEO), Managing Director (CAO), or simply Executive Director (CE), is the highest-ranking employee in an organization and is responsible for the overall health and management of the company. They typically establish the overall direction of the company and make decisions with the long-term success of the business in mind. The CEO is often the chairman of the board and is sometimes referred to as the 'president' of the company, depending on its type. The CEO works closely with the Chief Financial Officer (CFO) to make strategic capital allocation decisions and establish financial measurement systems.

They are responsible for implementing existing plans and policies, improving the company's financial strength, supporting ongoing digital business transformation, and setting future strategy. In addition to their primary responsibilities, CEOs of large corporations may also achieve fame due to their frequent relationships with the public. Other senior management positions may include a Chief Operating Officer (COO), Chief Digital Officer, Data Officer, Marketing Director, Medical Director, and Director of Innovation, depending on the type of organization. In summary, a CEO is the highest-ranking official in an organization and is responsible for making decisions to fulfill its mission and ensure its success.