Meaning of the word "chief executive officer" in English

What does "chief executive officer" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

chief executive officer

US /ˌtʃiːf ɪɡˈzek.jə.tɪv ˈɑː.fɪ.sər/
UK /ˌtʃiːf ɪɡˈzek.jə.tɪv ˈɒf.ɪ.sər/
"chief executive officer" picture

Noun

the highest-ranking executive in a company or organization, responsible for making major corporate decisions, managing the overall operations and resources of a company, and acting as the main point of communication between the board of directors and corporate operations

Example:
The chief executive officer announced a new strategic direction for the company.
She was promoted to chief executive officer after years of dedicated service.