Difference between CEO and President

Posted By: Sm Adminon: November 15, 2015In: Miscellaneous

CEO:
Chief Executive Officer is the highest ranking executive in the company. He has most of the power. He reports directly to the Board of Directors. The CEO is the one who makes the decision for the company so that the company will achieve its objectives. He acts as a liaison between the company as a whole and Board of Directors. The main responsibility of the CEO is to handle the planning and strategic aspect of the business.
President:
A president is the rank lower than the CEO. He reports to the CEO. He is responsible for the performance of the day to day activities of the organization. He has to manage all the managers as well as departmental heads. He acts as the intermediary role between the CEO and the management. He has to perform all the activities under the guidance of the CEO. He is also known as the COO (Chief Operating Officer).
Difference:

Basis	CEO	President
Definition (www.oxforddictionaries.com)	A chief executive officer, the highest ranking person in a company or other institution, ultimately responsible for taking managerial decisions.	The head of the society, council or other organization
Objectives/Purpose	The objectives of CEO are: The CEO puts the strategy in place to achieve the company’s mission. The CEO assures that the right man is placed at the right job. The CEO facilitates problem solving. The CEO delegates the responsibility and accountability.
Synonyms	Controller, commander, organizer, minister, executive	Boss, leader, premier, officer and chief executive
Antonyms	Worker, follower and employee
Word origin	It was originated in between 1825-35.	It was originated from the Late Middle English: via Old French from Latin praesident- ‘sitting before’
Pronunciation	Eng (UK): / siːiːˈəʊ/ Eng (US): /ˌsēˌēˈō /	Eng (UK): /ˈprɛzɪd(ə)nt / Eng (US): /ˈprez(ə)dənt / /ˈprezəˌdent/
Main function	The main functions of the CEO are: to execute the decisions of the board to draft the company’s annual report within three months from the end of the every fiscal year. to monitor the company’s day to day activities to draft the company’s income and expenditure budget at least two months before the beginning of the fiscal year	The main functions of the president are: to represent the organization and the members to the outsiders to ensure that the decisions are made in time facilitates accomplishment of the organization’s goals and objectives to develop agendas for the meetings of the Board of Directors and Executive Committee
Advantages/Benefits	Its advantages are: whatever he/she says is implemented It provides an opportunity to focus on the overall strategy and development of the company It consists of high salary and bonus package.
Disadvantages	Its disadvantages are: He/she is responsible to the Board of Directors and shareholders. Everybody focuses when something goes wrong. It involves a lot of work and can be stressful.
Example in Sentence	He is a CEO of ABC company. A CEO has passed the instructions to the president so that they could implement the activities.	He was appointed as the president in a company. A president gave a presentation from the company’s side.