Who is higher in position CEO or COO?

Answer 1

The Chief Executive Officer (CEO) is the highest rank in a top management position. Often the owner of the business takes up that position. The term "President" and "CEO" are used in a single entity based businesses, where as the term "Mnaging Director" is normally used in a business with multiple entities.

Chief Operating Officer or Chief Operations Officer or Chief of Operations (COO) is the second ranking top management position. The position is created to assist the CEO in strategic and day to day operations of the company. In a multiple entity organization, this position is equivalent to a Vice President position dealing with Operations. In the governmental format it is equivalent to an Executive Director position.

Developing strategic plans and fine tuning the existing operating processes for quality and efficiency is the primary objective of the COO while representing the company at all respect as a "face" for the company. A COO takes up a lot of work load to meet the company's vision and mission; and a frequent traveler to attend meetings and conferences worldwide.

The role of a COO may vary depending on the nature of a business and the size of it. Normally this position is created when a business faces a growth potential and the workload of the CEO gets beyond capacity.

Answer 2

The Chief Financial Officer (CFO) and the Chief Operating Officer (COO) plays different roles in an organization. The COO is the second ranking position after the CEO assisting the CEO in his daily and strategic plans. A COO is also seen as the Deputy CEO of a company similar to a Deputy Managing Director (DMD) where the CEO is the Managing Director. It is a senior Vice President (VP) position in the area of Operations. COO is normally the natural successor of the CEO.

On the other hand, the CFO position is equivalent to the Finance Director position dealing particularly with company accounts and finance; especially in the area of financial projections and analysis. Often a CFO could be seen playing the role of the Company Secretary (CS) as well for the convenience to his or her access to the Board of Directors.

Answer 3

Chief Executive Officer is the second highest position in an organization, following the Board of Directors in the chain of command. Some organizations do not have a Board of Directors, in which case the Chief Executive Officer would be the highest position in a company. However, most CEOs consult their fellow chief officers for their opinion before making some decisions.