What’s the difference between a managing director vs CEO?
The managing director plays a vital role in managing the day-to-day operations of a business or subsidiary. They are typically responsible for managing the division’s short and long term performance, setting and achieving objectives, developing strategies, and managing finances and resources. The managing director must work closely with other senior management to ensure the divisions meet their goals.
The CEO is an executive responsible for leading an organisation’s overall operations and strategic planning. CEOs set the vision for their company’s future direction, oversee financial decisions, create policies and procedures, manage investments, analyse risks associated with potential investments, approve significant projects or mergers & acquisitions, and direct global operations.