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Ceos act as the company’s public face and make major corporate decisions. In business, the role of a chief executive officer, or ceo, can determine much of a company's success or failure They report to the board of directors Core responsibilities include setting and executing the organization’s strategy, allocating capital, and building and overseeing the executive team. In some cases, particularly smaller businesses, the ceo might also be the owner. To answer the question, what is a ceo?, it's important to first understand the acronym A chief executive officer (ceo) sits on top of the leadership ladder, but is it the role for you Explore ceo responsibilities, compare the ceo’s position with other roles, and find out about qualifications you might need to reach ceo. The chief executive officer (ceo) is the senior manager or leader of a business or other organization, such as a nonprofit or nongovernmental organization (ngo).