A chief executive officer (CEO in American English) or managing director (MD in British English) describes the position of the most senior corporate officer, executive, or administrator in charge of managing an organization. The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the entity. Titles also often given to the holder of the CEO position include president and chief executive (CE).
The responsibilities of an organization's CEO are set by the organization's board of directors or other authority, depending on the organization's legal structure. They can be far-reaching or quite limited and are typically enshrined in a formal delegation of authority.
Typically, the CEO/MD has responsibilities as a director, decision maker, leader, manager and executor. The communicator role can involve the press and the rest of the outside world, as well as the organization's management and employees; the decision-making role involves high-level decisions about policy and strategy. As a leader of the company, the CEO/MD advises the board of directors, motivates employees, and drives change within the organization. As a manager, the CEO/MD presides over the organization's day-to-day operations.
The term refers to the person who takes all the decisions regarding the upliftment of the company, which includes all sectors and fields of the business like operations, marketing, business Development, finance, Human resources, etc. The CEO of a company is not necessarily the owner of the company.
The term "general" is used in two ways: as the generic title for all grades of general officer and as a specific rank.
It originates in the 16th century, as a shortening of captain general, which rank was taken from Middle Frenchcapitaine général.
The adjective general had been affixed to officer designations since the late medieval period to indicate relative superiority or an extended jurisdiction.
Today, the title of "General" is known in some countries as a four-star rank. However different countries use different systems of stars for senior ranks. It has a NATO code of OF-9 and is the highest rank currently in use in a number of armies.
General officer ranks
The various grades of general officer are at the top of the military rank structure. Lower-ranking officers in land-centric military forces are typically known as field officers or field-grade officers, and below them are company-grade officers.
The director general/CEO designate will head Ireland’s largest public sector employer with more than 110,000 staff and a budget of €14.5 billion this year ... and trust in the service and a sense of ownership and pride among health service workers will be a key requirement for the incoming DirectorGeneral/CEO,” it adds....
Intel has a long tradition of grooming its CEOs from within its internal ranks ... Most importantly, the CEO of Intel needs to balance two very distinct jobs ... Intel itself said, quite deliberately, that it will be looking at CEO candidates externally, as well as internally — and for good reason ... , who is currently interim CEO ... He was the CFO of eBay for nine years, and also worked at investing firm GeneralAtlantic....
The lingering troubles were highlighted this month when an arbitrator ruled that auto supplier Visteon had reason to fire its former CEOTimothy Leuliette for downloading pornography and soliciting prostitutes on his work computer ... Most notably, in 2014 General Motors tapped MaryBarra as its chairman and CEO, making her the first, and so far only, woman to run an automaker....
The decision to accept it was taken in a SpecialGeneral Meeting ... The Board of Control for Cricket in India’s (BCCI) general body meeting turned out to be a damp squib as the acting officials and states representatives finally agreed upon the Committee of Administrators’ (CoA) decision to introduce a revised players’ salary structure....