CEO

Definition:

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.

Examples:

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.