Do you want to become a CFO or CEO?
If you want to lead your desired position ,at first you have to know about the functions of your desired position.
Chief Executive Officer(CEO): A chief executive officer is the highest-ranking executive in a company. If we say in details,a CEO's ?primary responsibilities include making major corporate decisions, corporate strategy managing the overall operations and resources of a company. He is acting as the main point of communication between the board of directors?and corporate operations. In the maximum scenario , the CEO serves as the public face of the company.?
Chief Financial Officer (CFO): Chief Financial Officer is?the corporate who is the responsible for managing the company's financial operations and strategy. The CFO reports directly to the CEO and has substantial input into the company's investments, capital structure, money management and long-term business strategy.
Now we will understand how the CEO and CFO work together.
Here are 10 ways of how the roles are split between the two:
1.CFO Manage finances while CEO leads the company
2.CFO ensures stability and establishes discipline while CEO drives strategy, growth and innovation.
3.CFO reports financial to the board and shareholders while CEO represents the company to stakeholders and is the public face.
4.CFO sets financial benchmarks while CEO sets corporate values.
5.CFO optimizes existing markets while CEO drives global expansion.
6.CFO focuses on client retention while CEO focuses on client acquisition
7.CFO manage risk while CEO sets the company’s risk appetite
8.CFO tracks the performance while CEO develops the brand
9. CFO manages investment portfolios while CEO determines investment strategy.
10.CFO monitors product profitability while CEO drives product development
If you want to add more and want to do something correction write in the comment section.
Source: Articles of Nicolas Boucher and Investopedia