Define: CEO

UK Accounting Glossary

Definition: CEO


Quick Summary of CEO


An acronym for the Chief Executive Officer, the person who is responsible and accountable for the functioning of a company as a whole. A CEO is also often referred to as the “president” or “director” of a company. A CEO usually reports directly to the company’s board of directors.



What is the dictionary definition of CEO?

Dictionary Definition


the corporate executive responsible for the operations of the firm; reports to a board of directors; may appoint other managers (including a president)


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Full Definition of CEO


CEO or chief executive officer is a bureaucratic position that carries the ultimate management responsibility for an organization. Commonly, CEO is a rank that is associated with the head of the company. One of the primary duties of the CEO is to report to the board of directors, which is answerable to the owners of the company. In addition, CEO carries out the job of designating other managerial officers including that of a president. Depending on the extent of his or her functions, a CEO can also have the title of President/CEO or President and CEO. A CEO is not only a key management figure, but also the face of any business establishment. Therefore CEO’s career record and professional background often represent an important qualitative parameter of the overall value of the company.


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Examples of CEO in a sentence


The CEO was replaced during the takeover, even though he had been with the company for twenty years and was responsible for much of its growth
When the company’s business valuation showed a loss in value, the board of directors asked the CEO to explain why the company was no longer profitable.



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/ceo/
Modern Language Association (MLA):
CEO. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 04, 2020 https://payrollheaven.com/define/ceo/.
Chicago Manual of Style (CMS):
CEO. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/ceo/ (accessed: April 04, 2020).
American Psychological Association (APA):
CEO. PayrollHeaven.com. Retrieved April 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/ceo/

Definition Sources


Definitions for CEO are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th February 2020.