Ex: Some of our best-known brands are sold all around the world.

Reading – Part 1
CEO (n) (Chief Executive Officer)
the person who is at the head of a company
progression 7% Ex: The department directors report directly to the CEO.

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 CFO (n) (Chief Financial Officer)
the person who oversees all financial aspects of the company, strategising for the firm’s future
Ex: The financial situation of the company is the direct responsibility of the CFO.

chairman (occasionally chair)(n)

B2 FIRST  Vocabulary  Company Organisation
the person leading a meeting, usually the board’s meetings
Ex: She was the first woman to be appointed chairman of a big company.

Company Organisation controller (n) (management controller)

the person in charge of managing the company’s day-to-day financial operations
Ex: The financial flows of the business units are overseen by the management controller.

executive (n or adj)
a senior member of a company who makes decisions and acts on them
Ex: She has become a senior executive after starting in the company as a secretary.

factory (n or adj)
a building where the company produces its goods
Here is a list of useful vocabulary that will help you talk about companies. Thus, you will be able to Ex: The factory manager is in charge of all staff working in the production facilities.
identify fields, jobs and a lot of the tasks that exist at work!

accounts / accounting department (n)  Did You Know?

the section of a firm which handles the company’s finances
Ex: Keith has been working in accounts since he arrived at the company Here are some of the biggest manufacturing companies in the UK:

accountant (n) (as in Chief Accountant)

a person who is in charge of managing the company’s financial records and accounts
Ex: The accountants worked hard to produce the documents for the AGM (Annual General Meeting)
advertising (n or adj)
the act of promoting goods or services using different media
Ex: It is increasingly expected that advertising to children must be done responsibly.
benefits (n) (fam: perks)
advantages received by a company’s employee’s (insurance, sick pay…)
Ex: Our employees enjoy many benefits such as free child care and life insurance.
board (of Directors) (n)
the group of individuals controlling and organising a firm
Ex: Approval by the board is required for any major strategy decision.
brand (n or adj)
a type of goods or services made by a specific company
Rio Tinto: Standing as a world leader in the production of aluminium, coal, copper,
diamond, iron ore and uranium, the company is named after a Spanish river that has a
mining complex, which the company bought in 1873 from the Spanish Government.
Unilever: The worlds 3rd biggest consumer goods company, behind Procter & Gamble
and Nestle. It was created after the merger of British soap company Level Brothers and
Dutch margarine company Margarine Unie in 1929. Today, Unilever owns brands such as
'Dove' or 'Ben and Jerrys'.
GlaxoSmithKline: This pharmaceutical company is the 6th biggest in the world. It owns
some famous consumer brands such as Sensodyne and Nicorette.
AstraZeneca: Sitting behind GlaxoSmithKline as the 7th biggest pharmaceuticals
company in the world, AstraZeneca are a British-Swedish company headquartered in
London. Its name is now known worldwide after the company came up with a vaccine
against the Coronavirus.
 Rolls Royce: Rolls Royce is actually two companies. Even though most are familiar with Ex: The sales department must always be aware of the current state of the firm's markets.
their cars, it is in fact their aerospace and defence division that generates more revenue.
shareholder (n)
In fact, they are the 2nd biggest jet engine manufacturers in the world.
a person who owns a part of a company
Ex: The shareholders will meet at the AGM (Annual General Meeting).
health and safety (n)
the rules and regulations in place to keep employees safe and healthy at work
Ex: Occupational health and safety measures must be taken to protect the welfare of staff.
 Did You Know?
hiring (n) (v: to hire)
the process of recruiting a new employee Queen Elizabeth II owns a McDonald's! Rarely can you see her flip a steak in a McDonald's
Ex: It is important for business leaders to have a strategy for hiring and firing employees. hat, the reason of this ownership is only practical. Her restaurant is located at the
Banbury Gateway Shopping Park in Oxfordshire, about 80 miles from her home at
human resources (or HR) (n)
Buckingham Palace.
the section of a company which is in charge of recruiting new employees
Ex: They have just recruited a new HR director.
The land on which was built this restaurant is part of the Crown Estate, which is property
invoicing (n) owned by the Sovereign. Whoever inherits the throne will also be given ownership rights
the act of creating invoices for work that has been done to this McDonald's. A Big Mac in addition to the crown, nice isn't it?
Ex: All commercial transactions must be covered by an adequate invoicing system.

legal (adj)
allowed by or concerned with the law
stakeholder (n)
Ex: Contracts are drawn up by the legal department.
a person who has some type of interest in the company’s dealings
payroll (n) Ex: We must satisfy all stakeholders, including employees and customers.
the list of people who are paid by a company
training (n or adj) (also: training course)
Ex: The company has added another 100 members of staff to its payroll.
the process of getting educated and instructed about a specific skill or set of skills
plant (n or adj) Ex: New staff begin with a two-week training course before taking up their posts.
a building where the company produces its goods
VP (Vice President) (n)
Ex: Toxic pollution from the chemical plant has been found in the local river.
an employee ranking right below the president who usually steps in for the president if they cannot
PR (Public Relations) (n or adj) assume their duties
the management of the visibility and communication of a firm with the public Ex: He is very pleased to have been appointed VP of Marketing.
Ex: A public relations campaign would allow our company to be more visible to the public.
warehouse (n or adj)
procurement (n) the place where a company’s products are stored before being sold and shipped to customers
the act of finding and buying necessary supplies Ex: Manufactured goods are taken to the warehouse for storage.
Ex: We have a separate budget for the procurement of basic supplies.
workshop (n or adj)
purchasing (n or adj) a building or a room where manual work is done
the act of buying goods or services Ex: If machines need repairing they are taken to the engineering workshop.
Ex: Our purchasing department negotiates the best prices with our suppliers.

R&D (Research & Development) (n or adj)

the process of improving existing products and/or creating new ones Traductions:
Ex: The R&D department plays a key role in innovating the company's products.

sales (n or adj) English

the number of products sold by a company
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unité: Reading – Part 1

Company Organisation – Definitions

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