Is managing director higher than director?

The managing director is the highest management position in a company, and the director works beneath the managing director. At a large company, there are typically many directors who work under the managing director. These positions include titles such as the director of planning, director of personnel, or director of finances, all of whom report directly to the managing director. They implement the various parts of the managing director’s strategy and goals that are related to their departments. The managing director has the discretion to fire a director and find a replacement for the team.