Managing Director

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Managing Director

1. The person responsible for the management of a business unit, as opposed to the company as a whole. For example, an oil company may have one managing director for its upstream operations and another managing director for its downstream operations, both of whom are responsible to the chief executive officer.

2. A member of a company's board of directors who also has management responsibility within the company.

3. A primarily British and Commonwealth term for chief executive officer.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The managing director title is only offered to the top class of the company's estimated 31,700 employees.
Seven managing directors are represented, including Marianne Spraggins of Smith Barney, the only other woman on the list.
In his new post as Executive Managing Director for Leasing and Management, Peter, 32, will oversee leasing and management of the entire Resnick real estate portfolio, which com prises approximately 5 million square feet of office space and 2,000 apartments.
He will be joined by Clive Briault, 46, who is being promoted to managing director of retail markets from his current position of director of prudential standards, and will have responsibility for the FSA's consumer remit.
25 January 2012 - Morgan Stanley (NYSE:MS) on Tuesday promoted fewer employees to managing director than a year earlier amid a reduction of the US bank's overall headcount.
Sunae Park has been named managing director of airport services.
They have reached, or are fast approaching, the top tiers of their firms (17 of the 25 are managing directors or partners), and with the exception of those three who head their own smaller companies, they are members of the world's largest, most prestigious investment banking houses.

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