"Executive officer," when used with respect to a specified person (other than an individual), means any person who participates or who has authority to participate, otherwise than in the capacity of a director, in major policy-making functions of such specified person, regardless of whether or not he has an official title, whether or not his title contains a designation of assistant, and whether or not he serves with salary or other compensation. Each of the following is rebuttably presumed to be an executive officer of a licensee unless he is excluded by the by-laws of such licensee or by resolution of the board of the licensee from participating in major policy-making functions and does not actually participate therein: the chairman of the board, the vice-chairman of the board, the chairman of the executive committee, the president, any vice president (including any executive vice president, senior vice president, or regional vice president, but excluding any assistant vice president), the secretary, the chief financial officer, the treasurer, and the controller.
Cal. Code Regs. Tit. 10, § 50.108