A chief executive officer (CEO) is the highest-ranking corporate officer or administrative officer. Their primary responsibilities include:
In larger organizations, chief executive officers may also be responsible for contributing to and approving the annual budget.
The title of CEO is typically given to someone who has overall responsibility for managing an entire company, rather than just a particular department or division. In many countries, the CEO is also chair of the board of directors.
A CEO is important for a company because they are responsible for the overall strategy and management of the company. This includes setting goals, developing plans to achieve these goals, organizing and directing resources, and monitoring performance.
A CEO also plays a crucial role in building relationships with customers, suppliers, partners, and shareholders. They are often the company’s public face and are responsible for communicating with stakeholders about the company’s operations and performance.