Hi, We have two managing partners here, and our business is a partnership firm. Their son's will support their business. One will be designated CEO (Commercial), while another will be designated CEO (Technical). Is it feasible to assign a CEO with a partnership business designation, and is it feasible for us to provide two CEOs?
From India, Chennai
In a partnership kind of constitution you can assign any designation to your partners. But the word CEO implies "Chief" Executive Officer, and there cannot be two CEOs. Depending upon their skills one can be given the position of CTO (Chief Technical Officer), COO (Chief Operations Officer), CFO (Chief Finance Officer), CPO (Chief Personnel Officer) etc
From India, Kannur
I appreciate your suggestion.There is a conflict between two of them; They both needed CEO designations, therefore I intended to appoint one as CEO (Technical) and another as CEO (Commercial). Is it a right way?
From India, Chennai
It is a funny management. Ok, since it is a partnership firm and not a Company, you designate them as CEO (Tech) and CEO (Commercial) and make both of them happy.
From India, Kannur
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