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There are considerable variations in the composition and responsibilities of corporate titles. Within the corporate office or corporate center of a corporation, some corporations have a chairman and chief executive officer (CEO) as the top-ranking executive, while the number two is the president and chief operating officer (COO); other corporations have a president and CEO but no official deputy.
A chief financial officer (CFO) is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances; i.a.: financial planning, management of financial risks, record-keeping, and financial reporting, and, increasingly, the analysis of data.
Corporate titles or business titles are given to company and organization officials to show what job function, and seniority, a person has within an organisation. [1] The most senior roles, marked by signing authority, are often referred to as "C-level", "C-suite" or "CxO" positions because many of them start with the word "chief". [2]
However, when a CFO eventually ascends to the CEO seat, there is usually an interim step between CFO and chief executive, such as being the COO, president, or the general manager of a division.
Brian Millham, the chief operating officer, will retire on May 1, and transition into an advisory role. And, Amy Weaver , the current CFO, announced last year that she would be transitioning from ...
Most corporate managers holding the titles of chief executive officer (CEO) or president, for example, are the general managers of their respective businesses. More rarely, the chief financial officer (CFO), chief operating officer (COO), or chief marketing officer (CMO) will act as the general manager of the business. Depending on the company ...
Admittedly, industry and company-specific needs also shape how well a CFO succeeds as CEO. CFOs-turned-CEOs are most common in financial, energy, consumer, and services industries, where ...
In some companies, the CAO is also the president. It is very similar to a chief operating officer but is not the same as a chief executive officer, which is a more senior title in for-profit corporations. It is typical for a company that does not manufacture a physical product to have a CAO in place of a COO, particularly in technology ...