Responsibilities
The chief business officer is responsible for the administrative, financial, and operations management of the organization often combining the roles of chief administrative officer (CAO), chief financial officer (CFO) and chief operating officer (COO). As a result the executive holding the chief business officer position, by definition, will usually possess a broader range of experience and more extensive skill set than an individual serving in those C-level positions.
As one of the highest ranking executives in an academic or research organization, the chief business officer may oversee strategic planning in addition to budgeting, financial management, contracts, human resources, procurement, compliance, real estate, facilities, information technology and risk management. In many organizations sustainability and green building initiatives also fall under the purview of the chief business officer.
Read more about this topic: Chief Business Officer