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Interim Executive Director Job Description – A chief executive officer (CEO) is the most senior executive in a company. In general, a chief executive officer’s primary responsibilities include making key corporate decisions, managing a company’s overall operations and resources, and acting as the primary point of communication between the board of directors and corporate operations. In many cases, the CEO serves as the public face of the company.
The Executive Director is elected by the board and its shareholders. They report to the president and the board, who are appointed by the shareholders.
Interim Executive Director Job Description
The role of a CEO varies from company to company depending on the size, culture and corporate structure of the company. In large corporations, CEOs typically deal only with very high-level strategic decisions and those that drive the company’s overall growth. For example, CEOs can work on strategy, organization and culture. Specifically, they can look at how capital is allocated across the firm, or how to build teams to succeed.
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A study by Harvard Business Review analyzed how CEOs spend their time. They found that 72% of CEOs’ time was spent in meetings versus only 28%. Additionally, 25% was spent on relationships, 25% on business unit review and functional reviews, 21% on strategy, and 16% on culture and organization. Some food for thought: the study showed that only 1% of time was spent on crisis management and 3% was devoted to customer relations.
On average, the CEOs of the 350 largest companies in the United States earned $24 million in annual salary. To put it another way, that’s 351 times a worker’s salary. Since the 1970s, CEO pay is estimated to have increased by more than 1,300%. In contrast, workers’ compensation increased by 18%.
Because of their frequent dealings with the public, CEOs of large corporations sometimes gain notoriety. As of April 12, 2023, Elon Musk, founder of Tesla (TSLA) has more than 134 million Twitter followers. Similarly, Steve Jobs, the founder and CEO of Apple (AAPL), became such a global icon that, after his death in 2011, an explosion of feature films and documentaries was released about him.
As is the case with many ambiguous job titles, the head of an organization may not be titled CEO. Although they may assume all of the following responsibilities, their title may be different.
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Corporate America features many top executive titles that begin with the letter C, for “boss.” This group of top senior staff came to be called the C-suite, or C-level in corporate vernacular.
It is worth noting that for small organizations or those still in the start-up or growth stage, for example, the CEO may also serve as CFO and chief operating officer (COO), etc. This can lead to a lack of clarity, not to mention an overwhelmed executive. Assigning multiple titles to a single executive-level individual can wreak havoc on business continuity and ultimately negatively impact its long-term profitability. In short, when it comes to executive-level positions within an organization, the titles and assigned functions associated with each can quickly become confusing.
The CEO directs the operational aspects of a company. By comparison, the board of directors—headed by the chairman of the board (COB)—oversees the company as a whole. While the chairman of the board does not have the power to remove the board, the board does have the power to remove the CEO’s decisions. Effectively, the president is considered a peer with the other board members. In some cases, the CEO and the chairman of the board may be the same person, but many companies divide these roles between two people because it provides better governance and oversight of the CEO’s work.
The CFO is the chief financial officer of a company. While CEOs manage overall operations, CFOs focus specifically on financial matters. A CFO analyzes a company’s financial strengths and makes recommendations to improve financial weaknesses. CFO also tracks cash flow and oversees a company’s financial planning, such as investments and capital structures. Like CEOs, CFOs seek to deliver returns to shareholders by focusing on financial discipline and margin and revenue growth.
Tesda Csite Interim Executive Director Daisy C. Bungallon Visited Csite Abra Campus
Often, the chief operating officer (COO) ranks second highest to the CEO. As an HR manager, their responsibilities fall on recruitment, legal, payroll and training along with administrative duties.
There are many other management titles, some of which may or may not overlap with CEO. Other common titles include:
Remember that a CEO often reports to a board of directors who collectively ensure that the company is running well.
The roles and responsibilities of a chief executive will vary greatly between companies, industries and sizes of organization. In general, a CEO can be expected to undertake the following tasks:
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During CEO transitions, markets can respond either positively or negatively to the change in company leadership. This makes sense, as studies show that CEOs can have a huge impact on a company’s performance. For example, one study found that 45% of company performance is influenced by the CEO. But on the other hand, another shows that CEOs only affect 15% of the variance in profitability.
When a new CEO takes over a company, its stock price can change for many reasons. However, there is no positive correlation between a stock’s performance and the announcement of a new CEO, per se.
However, a change in CEO usually carries more downside risk than upside, especially when it is not planned. A stock’s price can fluctuate up or down based on the market’s perception of the new CEO’s ability to lead the company, for example. Other factors to consider when investing in a stock undergoing a management change include the CEO’s future agenda; whether there may be a change in corporate strategy for the worse; and how well the company’s C-suite is managing the transition phase.
Investors tend to be more comfortable with new CEOs who are already familiar with the dynamics of the company’s industry and the specific challenges the company may face. Typically, investors value a new CEO’s track record of creating shareholder value. A CEO’s reputation can be reflected in areas such as the ability to increase market share, cut costs, or expand into new markets.
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CEOs are responsible for managing the overall operations of the company. This may include delegating and driving agendas, driving profitability, managing the company’s organizational structure, strategy and communicating with the board.
It depends. In some cases, CEOs are owners of a company. In others, CEOs are elected by the board of directors.
A CEO is the highest position you hold in a company. The CFO, who is responsible for a company’s financial discipline along with identifying a company’s strengths and weaknesses, ultimately reports to the CEO.
A CEO often reports to a board of directors. The board monitors the CEO’s performance and can choose to remove or replace the CEO if they feel the executive’s performance is not producing the results they want to see.
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The CEO is responsible for making key corporate decisions, managing overall operations, and setting the company’s strategic direction. They are accountable to the company’s board of directors or stakeholders and are often the public face of the organization. CEOs usually have extensive experience in their industry and are tasked with leading their company to success and profitability.
Require writers to use primary sources to support their work. These include white papers, government data, original reporting and interviews with industry experts. We also refer to original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate and unbiased content in our editorial policy.
The offers displayed in this table are from the partnership from which he receives compensation. This offset can affect how and where listings appear. does not include all offers available in the market. Willow Heights is one of three public housing complexes owned by the Fayetteville Housing Authority / Google Maps
The Fayetteville Housing Authority is still looking for an interim executive director while the board looks for a permanent leader.
Why Hire An Interim Executive Director Or Ceo?
Depending on the position, candidates must be willing to serve from three to six months performing administrative, financial and supervisory management duties.
“We are currently accepting applications and trying to get the word out to the community,” newly appointed board member Evelyn Rios Stafford said in an email this week.
The board last month fired four-year executive director Deniece Smiley during an executive session that followed a six-hour meeting.
“Recent issues have shown me a side of things in the country that I care to never see again,” he said. “When you manage to get on the unpopular side of a group, person or issue, you can expect resistance. However, the ordeal she has seen FHA’s executive director and staff endure, along with me being targeted for two years, is nothing short of outrageous.”
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He was referring to a group of residents who were against the board’s decision to sell one of the old public housing properties owned by the Housing Authority and relocate its residents.
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