Reliance Standard names Luce Giroux Senior Vice President, Actuarial and Chief Pricing Officer

Luce Giroux, FSA, FCIA, MAAA, Senior VP Actuarial & Chief Pricing Officer, … She also provides leadership and guidance to the company’s product … Read source

The difference between Chief Pricing Officer and Senior Vice President, the responsibilities, the experience and the salary of both positions in a company.

A Chief Pricing Officer (CPO) is a high-level executive who works with the company’s top leadership to set pricing strategy. This person usually reports to the CEO. The CPO makes sure that the overall company pricing strategy aligns with the company’s overall strategy and goals. He or she also works with the marketing team to make sure that the pricing strategy is aligned with the marketing strategy.

The salaries of a Chief Pricing Officer and a Senior Vice President are usually determined by the size of the company. A Chief Pricing Officer who works for a small company usually makes between $125,000 and $175,000 a year. A Senior Vice President who works for a small company usually makes between $100,000 and $170,000 a year. A Senior Vice President who works for a large company usually makes between $160,000 and $550,000 a year. A Chief Pricing Officer who works for a large company usually makes between $115,000 and $155,000 a year.

It is very difficult to get both roles, because they require a lot of experience. Usually, to be a Chief Pricing Officer, a person needs to have worked in a similar position for at least three years. To be a Senior Vice President, a person usually needs to have worked in a similar position for at least five years.

In summary, the difference is the responsibility and experience required. A Chief Pricing Officer is a high-level executive who works with the company’s top leadership to set pricing strategy. A Senior Vice President is a high-level executive who works with the company’s top leadership to make sure that the overall company pricing strategy aligns with the company’s overall strategy and goals.