There no single right way to divide responsibilities between owners, chairmen, CEOs, COOs and the rest of the executive team. Authority is delegated. That delegation is dependent upon the business context and confidence the leaders have in one another.
Having said that, Rita’s Italian Ice and Falconhead Capital – the investment firm that owns a controlling interest of the company – have a pretty good working model. Rita’s Executive Chairman of the Board Mike Lorelli explained how they’ve broken down the roles. Continue reading . . .