Does the word "execute" and "executive" is somewhat related?

Rebecca

When "executive" is placed in front of a title (i.e. direction, officer, etc.), it means this person has the authority to make decisions on behalf of their organization. Thus, "executive director" means that the person is in charge of running the organization. It is related to the base verb "to execute," which means to carry out, perform, or implement an action. Ex: Our manager is in charge of executing our promotion strategies. Ex: The executive officer of our company reports only to the Chairperson.