What does a Chief Executive Officer do?

Chief executive officers are senior leaders of an organization and are commonly a company’s highest-ranking executive. They are accountable for giving final approval to major decisions and must take ownership of core organizational policies, philosophies, and values. They establish and guide the comprehensive vision and strategies. They establish and oversee budgets, lead upper-level management teams, and determine a response plan during periods of crisis or emergency. They frequently serve as the public “face” of the company and also serve as the liaison between the board of directors and the rest of the executive suite and general staff.

Chief executive officers commonly have an advanced degree such as an MBA, and an extensive background in senior-level management roles with significant responsibility. This position requires excellent leadership skills and the ability to manage multiple urgent and high priority matters simultaneously.