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The president (as in most cases the CEO) is chosen by the board of directors, a group elected by a vote of the corporation's stockholders.

Note:

In small corporations, it is the incorporator, (the person that filled in the paperwork and paid the fee, seeing that they own all the stock

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14y ago

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Who appoints the CEO of a corporation?

The CEO of a corporation is typically appointed by the board of directors. The board evaluates candidates based on their qualifications, experience, and alignment with the company's goals. Once a suitable candidate is identified, the board formally approves the appointment, often through a vote.


Can president of a corporation fire the CEO?

It depends on the hierarchy structure of the corporation. It also depends on the country. There is actually nothing that says which is higher-up than the other - many corporations decide that the President has ultimate authority, other corporations decide that the CEO has ultimate authority. It's so confusing, that to avoid confusion in most companies, the CEO and President are actually the same person. Look at the official documented hierarchy structure for the corporation you are asking about.


Can you have vice president in a company if there is no president?

Yes, that is possible. Companies have either an owner or a board of directors who appoints positions such as president and vice president; unlike the US federal government, there is no automatic promotion of a vice president to president in the event that the office of the president becomes vacant for whatever reason. When a company has no president, the owner or board of directors has to appoint one, and they do not necessarily have to promote the vice president. And there could be a period of time when the new president has not yet been chosen and there is still a vice president. It would be an unusual situation but certainly not an impossible situation.


What are some board of directors titles?

A board of directors is the group of individuals responsible for the strategic management of a corporation. Some of the board of directors titles are Chairman or President, Vice Chair or Vice President, Secretary, Treasurer and Board Members.


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