Chief Executive Officer (CEO)

A chief executive officer (CEO), also known as a managing director, general manager, chief executive, or president, is generally the most senior executive or administrator in charge of managing an organization. In the past, the term was normally restricted to profit-making corporations, but now, it is increasingly applied to the most senior manager in not-for-profit organizations, such as charities, and even in government departments and agencies. The responsibilities of the CEO, as the highest-ranking executive, include developing and implementing organizational strategies, making major organizational decisions, managing the overall operations and resources of the organization, and acting as the main point of communication between the board of directors, representing shareholders as the firm’s owners, and the organization’s day-to-day operations. In a government department or agency, this ...