CEO vs. EVP

Attribute	CEO	EVP
Position in hierarchy	Top executive	Second in command
Responsibilities	Overall strategic direction and decision-making	Overseeing specific departments or functions
Reporting structure	Reports to the board of directors	Reports to the CEO
Compensation	Typically higher than EVP	Lower than CEO

Responsibilities

CEOs, or Chief Executive Officers, are the highest-ranking individuals in a company and are responsible for making major corporate decisions, managing the overall operations and resources of a company, and acting as the main point of communication between the board of directors and corporate operations. They are ultimately accountable for the success or failure of the company. On the other hand, Executive Vice Presidents (EVPs) are senior executives who report directly to the CEO and are responsible for overseeing specific departments or functions within the company. They are often tasked with implementing the CEO's vision and strategy within their respective areas of expertise.

Decision-Making Authority

CEOs have the ultimate decision-making authority within a company and are responsible for setting the overall direction and strategy of the organization. They have the power to make key decisions that can impact the entire company, such as mergers and acquisitions, major investments, and changes in corporate structure. EVPs, on the other hand, have decision-making authority within their specific areas of responsibility and are often tasked with implementing the CEO's decisions within their departments. They play a crucial role in executing the CEO's vision and strategy at a more granular level.

Leadership Style

CEOs are typically seen as the visionary leaders of a company, setting the tone for the organization and inspiring employees to work towards a common goal. They are often charismatic and strategic in their approach, with a focus on long-term growth and sustainability. EVPs, on the other hand, are more focused on operational excellence and execution. They are responsible for ensuring that the day-to-day operations of their departments run smoothly and efficiently, often taking a more hands-on approach to leadership.

Relationship with Board of Directors

CEOs have a close relationship with the board of directors, as they are often appointed by the board and report directly to them. They are responsible for keeping the board informed of the company's performance and seeking their approval for major decisions. EVPs, on the other hand, typically do not have a direct relationship with the board of directors and report to the CEO instead. They work closely with the CEO to implement the board's directives and ensure that the company is meeting its strategic objectives.

Compensation and Benefits

CEOs are among the highest-paid executives in a company, with compensation packages that often include a combination of salary, bonuses, stock options, and other incentives tied to the company's performance. They are also eligible for perks such as private jets, luxury cars, and generous retirement packages. EVPs, on the other hand, receive competitive salaries and bonuses, but their compensation packages are typically not as lucrative as those of CEOs. They may also receive stock options and other incentives, but to a lesser extent than the CEO.

Career Path

CEOs often have a long and varied career path that includes experience in multiple departments and industries. They may have started their careers in entry-level positions and worked their way up through the ranks to reach the top leadership position. EVPs, on the other hand, typically have a more specialized career path, with deep expertise in a specific area such as finance, marketing, or operations. They may have advanced degrees or certifications in their field and have risen through the ranks within their department to reach the executive level.