The chief financial officer is hired by the CEO and works at a level under his direction along with the chief operating officer and other senior management positions. The CFO link is only related to finance. They are in charge of developing and maintaining relationships with investors, banks and other financial institutions. Depending on the needs of the company, some financial directors also act as liaison with the board.
The CEO is the highest senior management position in a company, followed by the chief operating officer and then the chief financial officer. In other words, chief operating officers tend to rank second, while chief financial officers tend to rank third. Both the chief operating officer (COO) and the chief financial officer (CFO) report directly to the chief executive officer (CEO). The most common top management positions are executive director (CEO), chief financial officer (CFO) and chief operating officer (COO).
These positions are known as high-level executives or high-level leaders, and the most common are executive director (CEO), chief operating officer (COO), chief financial officer (CFO) and chief information officer (CIO). In top management, the most outstanding positions are CEO, COO and CFO: executive director, chief operating officer and chief financial officer.