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What are the differences in the roles of CEO, COO, CXO, CIO, and CFO?


CEO (Chief Executive Officer)

  • CEO of any organization is the highest ranking officer of that company. 
  • The CEO is responsible for corporate vision and strategy. 
  • He creates the annual plans, validates budgets and revenue, organizational growth and expansion plans. 
  • He communicates strategy and plans to board and takes approvals. 
  • He connects with investors to ensure cash flow and fund for growth and expansion. 
  • He signs the annual reports of the organization.
  • In American English or managing director (MD) in British English describes the position of the most senior corporate officer, executive, or administrator in charge of managing an organization.

COO (Chief Operating Officer)

  • Is the senior manager who is responsible for managing the company's day-to-day operations and reporting them to the chief executive officer (CEO)
  • Is responsible for the day to day operations of the organization. 
  • Execution of plans created and validated by CEO is responsibility of COO.

CFO (Chief Financial Officer)

  • Is responsible for financial operations in relation to payables, receivable, expenses and treasury.
  • The month closing and data for year end annual reports are also his responsibility.
  • The chief financial officer (CFO) or chief financial and operating officer (CFOO) is a corporate officer primarily responsible for managing the financial risks of the corporation.
  • This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management.

CMO (Chief Marketing Officer)

  • Is responsible for organizations’ marketing strategies in terms of products and offerings, target geographies and target customers and executes these plans with COO.

CIO (Chief Information Officer)

  • Is responsible for information distribution and processing in terms of budgets, expenses, payables, receivable, production data, logistics data, supplier data, salaries, leave records and all other information that is generated and consumed within the organization. 
  • CIO leverage ERP, IT and Data management solutions to perform their responsibilities.
  • Chief information officer (CIO), chief digital information officer (CDIO) or information technology (IT) director, is a job title commonly given to the most senior executive in an enterprise responsible for the information technology and computer systems that support enterprise goals.
  • Generally, the CIO reports to the chief executive officer, chief operating officer or chief financial officer.

CTO (Chief Technology Officer) 

  • Is responsible for technology inputs for product development, offering improvisation and innovation.

CXO (Chief Experience Officer)

  • Is a general term used to refer to top management and decision makers.
  • In addition to above mentioned roles other are CXO roles and corporate titles like Chief Risk Officer (CRO), Chief Sales Officer (CSO), Chief Diversity Officer (CDO), Chief Legal Officer (CLO) etc.
  • A chief experience officer (CXO) is an executive responsible for the overall experience of an organization's products and services.

Founder and Co-founder

  • A founder is a person who has the initial idea and establishes a business. A co-founder is the one who goes along with that founder's initial thoughts and helps make the new company flourish.

Reference > https://www.quora.com/What-are-the-differences-in-the-roles-of-CEO-COO-CXO-CIO-and-CFO
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