Executive VP vs. President

Attribute	Executive VP	President
Position in hierarchy	Second highest in command	Highest in command
Responsibilities	Oversee specific departments or divisions	Oversee entire organization
Decision-making power	Less decision-making power	More decision-making power
Reporting structure	Reports to the President or CEO	Reports to the Board of Directors

Roles and Responsibilities

Both the Executive Vice President (EVP) and President hold high-ranking positions within a company or organization. The President is typically the highest-ranking officer in a company and is responsible for overseeing the overall operations and strategic direction of the organization. They are often the face of the company and are responsible for making key decisions that impact the company's success. On the other hand, the EVP is usually second in command to the President and is responsible for overseeing specific departments or functions within the organization. They work closely with the President to implement the company's strategic goals and objectives.

Decision-Making Authority

The President typically has the final say on major decisions within the company. They have the authority to make decisions that impact the entire organization and are ultimately responsible for the company's success or failure. The EVP, on the other hand, may have decision-making authority within their specific area of responsibility but ultimately reports to the President. They often provide input and recommendations to the President on key decisions, but the final decision rests with the President.

Reporting Structure

The President is usually at the top of the organizational chart, with all other executives and employees reporting to them in some capacity. The EVP typically reports directly to the President and may have other executives reporting to them. This reporting structure allows for clear lines of communication and accountability within the organization. The President sets the overall direction and vision for the company, while the EVP helps to execute that vision within their specific area of responsibility.

Experience and Qualifications

Both the President and EVP are typically seasoned executives with years of experience in their respective fields. The President often has a strong background in leadership and strategic planning, with a track record of success in driving business growth and profitability. The EVP may have a more specialized background in a specific area such as finance, operations, or marketing. They bring expertise in their field to the executive team and help to drive the company's success through their specific area of responsibility.

Compensation and Benefits

The President typically receives a higher salary and more extensive benefits than the EVP due to their higher-ranking position within the company. They may also receive bonuses and other incentives tied to the company's performance. The EVP, while still well-compensated, may not receive the same level of compensation as the President. However, they often receive competitive salaries and benefits that reflect their seniority within the organization.

Relationship with Board of Directors

The President often works closely with the Board of Directors to set the company's strategic direction and ensure that the company is meeting its goals and objectives. They may present regular updates to the board and seek their input on key decisions. The EVP, while also interacting with the board, typically has a more limited role in board interactions. They may provide updates on their specific area of responsibility but do not have the same level of interaction with the board as the President.

Conclusion

In conclusion, the roles of Executive Vice President and President are both critical to the success of a company or organization. While the President holds the highest-ranking position and has ultimate decision-making authority, the EVP plays a key role in executing the company's strategic goals and objectives. Both positions require strong leadership skills, strategic thinking, and a track record of success in their respective fields. By working together effectively, the President and EVP can drive the company's success and ensure its long-term viability.