A Senior Vice President (SVP) is a high-ranking executive in a company, typically responsible for overseeing specific departments or functions. They report directly to the President or Chief Executive Officer (CEO) and play a crucial role in shaping the company's strategy and direction. SVPs often manage teams, set goals, and ensure that their departments align with the overall objectives of the organization. In many organizations, the role of an SVP is considered one of the top leadership positions, just below the C-suite executives. They are involved in decision-making processes, budget management, and performance evaluation, making them key players in driving business success and growth.