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What is a managing director?

What is a managing director? Here are some definitions.

Noun
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John Willis has ankled his post as Granada Medias managing director for worldwide production.
He also serves as a managing director, executive committee member, and secretary-treasurer of the Metropolitan Opera Association.
After three days and nights barricaded into his office, Kristall's managing director was exhausted and just a little tetchy.
Similarly, he suspected that as managing director he was asked along to the second meeting too.
The small two-door hatchback is intended as a second car or a runaround for shoppers, according to Green Machines Ireland's managing director.
Shier was eventually removed as managing director after a series of staff walkouts and national protests.

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