Definition
The top leadership of Danaher, including the President/CEO, the Executive Vice-President and the Chief Financial Officer.
In detail
The Office of the Chief Executive is Danaher's highest leadership body, comprising the President/CEO, Executive Vice Presidents, and the Chief Financial Officer. It is responsible for setting strategic direction, overseeing business operations, and resource allocation. Unlike typical executive teams, the OCE is Danaher's unique governance structure, emphasizing senior leadership's drive of DBS. Its outputs are typically strategic decisions, resource allocation, and performance reviews.
Example in practice
When a company needs major strategic decisions, the OCE convenes a meeting. For example, when a business unit's performance declines, the OCE analyzes the reasons and decides to adjust the product line and increase investment. Through senior leadership push, the business unit successfully transforms and performance recovers.