In big companies, it seems there is always a CEO and a CTO… But what is the difference between both? We are exploring the difference below
CEO (Chief Executive Officer) – A chief executive officer (CEO) is the position of the most senior corporate officer, executive, leader or administrator in charge of managing an organisation. CEO’s lead a range of organisations, including public and private corporations, non-profit organisations and even some government organisations (e.g., Crown corporations). The CEO of a corporation or company typically reports to the board of directors and is charged with maximising the value of the entity, which may include maximising the share price, market share, revenues, or another element. In the non-profit and government sector, CEO’s typically aim at achieving outcomes related to the organisation’s mission, such as reducing poverty, increasing literacy, etc. Titles also often given to the holder of CEO position include president, chief executive (CE), managing director (MD) and representative director (RD) (in Japan).
CTO (Chief Technical Officer) – A chief technology officer (CTO), sometimes known as a chief technical officer, is an executive-level position in a company or other entity whose occupation is focused on scientific and technological issues within an organisation.
There you are, they sound similar… But really are very different!