Who is most likely to take over a CEO Position, a CFO or a COO, or maybe a CMO??
Answers:
This depends on the type of company and their management succession practices. Many CEOs come from the ranks of both COO and CFO positions, and some come from other types of positions altogether. There is no standard.
90% come from accounting backgrounds.
In closely held corporations, it is general business culture that the office of Chief Executive Officer, CEO, is also the chairman of the board. Specifically, one person often shares the chairman and CEO titles while another person takes the presidency or may become chief operating officer (COO). However, the term president is from the U.S. whereas in the UK Managing Director (MD) is favored. Underneath that comes the Executive Vice President (U.S.) or Executive Director (UK). In publicly held corporations, the CEO and chairman positions can be separated but there are implications in corporate governance by doing so.
It seems to me that COO is the most likely to take over a CEO position.
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