Not every company has an MD or a managing director. But every company has or a chief executive officer. That’s the main difference between a CEO and Managing Director. The CEO’s role is more prominent and more common than the Managing Director’s role.

Here are some of the specifics.

CEO vs Managing Director

Who is a CEO?

A s at the highest level of hierarchy at any organization. Their job includes overseeing all areas of the company, whether operations or sales. But they do not involve themselves in the day-to-day workings of every department. They are more concerned with the overall running, strategies, and goals of the company. They are also the face of the company in the public eye.

Who is a Managing Director?

A Managing Director is, on the other hand, among the highest leaders at an organization and usually functions under the  They might also be part of the board of directors. The Managing Director is responsible for the day-to-day functioning of the company. In some companies, the Managing Director is answerable to the company’sin matters that regard the company’s future.

Responsibilities 

A is responsible for the overall success of the company. They are in charge of setting and or the company’s future. They are also in charge of making all the important for every aspect of the company.

A Managing Director reports to the CEO on updates and concerns on the day-to-day business of the company. They might also report to the board. They are responsible for the smooth functioning of daily processes and manage the managers and other department heads in a company. They are also tasked with liaising with the shareholders of the company.

Hierarchy

The CEO is at the highest position in a company. They head C-level members such as the etc. They also rank higher than the vice president and many times, the Managing Director. They only of directors and the chairperson of the board of directors.

The Managing Director on the other hand has a vastly different place in the hierarchical order. In many companies they work under the CEO. In others their role might be at par with the CEO and they might also be a part of the board of directors. In this case they report to the chairperson of the board.

Functional role

The  is the company’s decision-maker. The highest-ranking executive, the CEO is the face of the company to the public and internally as well. The CEO is responsible for developing and putting into motion the vision and long-term goals of the company. They are also involved in developing company policy and implementing the company’s strategic goals. They oversee the duties of the other executives.