What is CEO and Chairman of the Board?

A CEO is like the captain of a ship, and the Chairman of the Board is like the head of the group that owns the ship.

Imagine you and your friends start a lemonade stand. You’re the one mixing the lemonade and making sure everything runs smoothly, that’s like being the CEO. Now, imagine your parents are the ones who gave you the money to buy lemons and cups. They also decide if you can keep running the stand or need to take a break for a few days. That’s like being the Chairman of the Board.

The CEO is in charge of how the company runs every day, making sure the lemonade tastes good, the cups are filled up, and everyone knows what to do.

The Chairman of the Board helps make big decisions for the whole company. They might decide if you should open a new stand next door or try selling cookies too.

Sometimes the same person can be both, like if your dad is the one mixing lemonade and deciding where to put the stands. But most of the time, they're different people with different jobs!