A chief operating officer oversees the operations of a company and is more involved in daily activities than the CEO. The chief operating officer oversees human resources, business production, marketing, and sales. Considered the second senior executive in the executive suite, the COO reports directly to the CEO. The meaning of COO is director of operations.
This is the CEO's second-in-command. COO's take the CEO's vision for the company and turn it into an executable business plan. They oversee all operations and ensure that teams are working to achieve business objectives. Once an organization grows too large, it can be difficult for an individual to ensure that the company is on the right track, which opens up the position of chief operating officer.
The COO acts as the chief advisor to the CEO and oversees the operations and different functions of the company. The CEO is the first in command, while the CFO and the COO are the second in command. The board of directors hires or appoints the CEO as the highest position in the corporate hierarchy of any company. They are only accountable to the board and to no one else.
In general, the CEO is considered to be the highest-ranking official of a company, while the president is the second person responsible; however, in corporate governance and structure, there may be several permutations, so the functions of the CEO and the president may vary from company to company. The chief executive officer (CEO) and the chief operating officer (COO) are the chief executives of an organization. A chief operating officer (or chief operating officer, who reports to the CEO) is the second highest ranking person responsible for implementing and overseeing day-to-day operations, processes, and strategies to achieve the company's overall mission and vision. A CEO (or CEO) is the highest-ranking employee in a company and is responsible for the company's overall health and direction.
Typically, the chief operating officer reports directly to the chief executive officer (CEO) and is considered second in the chain of command.
