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This question is about what an executive director does and executive director.
No, director is not higher than CEO. There is a Board of Directors, and the CEO is the head of that board, with more duties and responsibilities. "Director" is a general title that can mean different things, generally someone who works at the top management tier.
A director sitting on a board may not be a direct employee of the company. The CEO is an employee, acting as the company's top manager and final decision-maker, with numerous responsibilities dealing with organizational issues and day-to-day operations.
In larger corporations, the CEO is hired by the board of directors, and the CEO must report to shareholders and justify decisions.
No single director has power over the CEO, but when working together, a board can vote to bring changes, including firing the CEO. In that sense, the directors working together do have some higher powers over a CEO.

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