Meaning of the word "chief executive" in English

What does "chief executive" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

chief executive

US /ˌtʃiːf ɪɡˈzek.jə.tɪv/
UK /ˌtʃiːf ɪɡˈzek.jə.tɪv/

Noun

the highest-ranking executive in a company or organization, 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

Example:
The chief executive announced a new strategy for global expansion.
She was promoted to chief executive after years of dedicated service.