Chief Operating Officer - COO

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DEFINITION of 'Chief Operating Officer - COO'

The senior manager who is responsible for managing the company's day-to-day operations and reporting them to the chief executive officer (CEO).

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BREAKING DOWN 'Chief Operating Officer - COO'

A company needs a chief operating officer (COO) because the CEO is usually too busy to monitor production quotas and other factors on a daily basis.

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RELATED FAQS
  1. Why is trading volume usually higher when the price of a security is changing?

    The typical day-to-day responsibilities of a chief operating officer (COO) vary from company to company, based on company ... Read Full Answer >>
  2. Why is it less than ideal for a CEO of a company to also hold the position of COO?

    When it comes to executive-level positions within an organization, assigned titles and the roles associated with each can ... Read Full Answer >>
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    Timothy D. Cook ascended from a small-town in Alabama to become the head of a global corporation, Apple Inc. Educated as ... Read Full Answer >>
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    Examples of high-profile cases of companies that failed to be socially responsible include Enron, WorldCom and Adelphia. ... Read Full Answer >>
  5. What are the key differences between pro forma statements and GAAP statements?

    The U.S. generally accepted accounting principles (GAAP) require companies to adhere to uniform reporting standards that ... Read Full Answer >>
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    Corporate managers, typically chosen by a board of directors in large organizations, are ultimately responsible to stakeholders ... Read Full Answer >>

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