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just wondering if there is a standar person that usually takes over the CEO position

2007-05-31 10:41:16 · 4 answers · asked by Anonymous in Business & Finance Corporations

4 answers

This depends on the type of company and their management succession practices. Many CEOs come from the ranks of both COO and CFO positions, and some come from other types of positions altogether. There is no standard.

2007-05-31 10:46:10 · answer #1 · answered by Still reading 6 · 0 0

In closely held corporations, it is general business culture that the office of Chief Executive Officer, CEO, is also the chairman of the board. Specifically, one person often shares the chairman and CEO titles while another person takes the presidency or may become chief operating officer (COO). However, the term president is from the U.S. whereas in the UK Managing Director (MD) is favored. Underneath that comes the Executive Vice President (U.S.) or Executive Director (UK). In publicly held corporations, the CEO and chairman positions can be separated but there are implications in corporate governance by doing so.

It seems to me that COO is the most likely to take over a CEO position.

2007-05-31 10:50:46 · answer #2 · answered by Chincy 2 · 2 0

COO= chief working Officer. the administrative who's in charge for the day by day administration of a company. CEO= govt Officer, in many situations additionally the chairman of the board, and now and back the president. The CEO oversees the corporate's funds and strategic making plans CFO= chief economic Officer. the administrative who's in charge for economic making plans and checklist-preserving for a company. CAO= chief Accountant Officer (notably self explainatory) vice chairman= vice chairman. His place varies from one company to a distinctive: could nicely be on the fringe of Deputy CEO in some, or purely a severe point commercial place in others. wish this helped ! Love and Kisses

2016-12-18 10:11:29 · answer #3 · answered by money 4 · 0 0

90% come from accounting backgrounds.

2007-05-31 10:46:23 · answer #4 · answered by TedEx 7 · 0 0

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