Is CFO higher than CEO?

The Chief Financial Officer (CFO) and the Chief Executive Officer (CEO) are both crucial leadership roles in an organization, but the CEO holds a higher position in the corporate hierarchy. The CEO is responsible for the overall management and strategic direction of the company, overseeing all departments and making key decisions that affect the organization’s future. As the highest-ranking executive, the CEO sets the vision and goals for the company, communicates with stakeholders, and leads the executive team in implementing business strategies. In contrast, the CFO focuses primarily on the financial aspects of the business, including budgeting, financial planning, cash flow management, and risk assessment.

While the CFO is an integral part of the executive team, the role is typically subordinate to the CEO. The CFO reports directly to the CEO, providing essential financial insights to guide strategic decision-making. Although the CFO plays a significant role in shaping the company’s financial strategy and ensuring its financial health, they do so within the framework set by the CEO. In essence, while both positions are essential for a company’s success, the CEO holds the highest authority, with the CFO serving as a key advisor and financial strategist to support the overall objectives of the organization.