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What do CEO CFO and CIO titles mean?

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2012-03-03 00:14:32
2012-03-03 00:14:32

CEO, CFO and CIO are titles for top executives at a corporation. The exact job descriptions depend on the company, but essentially:

- The CEO is the Chief Executive Officer, the "big boss". However, in corporations they report to the board of directors who have ultimate control and responsibility, including hiring and firing the CEO.

- A CFO is Chief Financial Officer. They direct a company's financial goals, objectives, and budgets. They oversee the investment of funds and manage associated risks, supervise cash management activities, execute capital-raising strategies to support a firm's expansion, and deal with mergers and acquisitions.

- A CIO can be the Chief Information Officer, responsible for the overall technological direction of their company. They are increasingly involved in the strategic business plan of a firm as part of the executive team. These managers propose budgets for projects and programs, and make decisions on staff training and equipment purchases. They hire and assign computer specialists, information technology workers, and support personnel to carry out specific parts of the projects. They supervise the work of these employees, review their output, and establish administrative procedures and policies. Chief information officers also provide organizations with the vision to master information technology as a competitive tool.

- CIO can also stand for Chief Investment Officer. A chief investment officer is usually connected to asset managers and they make investment decisions on how to invest the assets of client portfolios.

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