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The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding.
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.
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 ...
Some of what used to be managed by a COO has drifted into the CFO’s purview. The COO role is making a comeback—but the twist is that its often finance chiefs taking on the role as ‘CFO plus ...
The CEO is tasked with implementing the goals, targets and strategic objectives as determined by the board of directors. As an executive officer of the company, the CEO reports the status of the business to the board of directors, motivates employees, and drives change within the organization. As a manager, the CEO presides over the ...
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 ...
Qualcomm’s CFO and COO Akash Palkhiwala recently told me he’s interested in M&A that will help accelerate the tech company’s diversification strategy. From evaluating potential targets to ...
Fit Between the COO and the position—The selected COO must have the right credentials to carry out the purpose for which the COO role was created (which can include everything from operations expertise to change expertise to having a complementary skill set to the CEO).