Yes, and the club has been very clear over the years that she ran the off-field business operations. That included making transfer deals, but she wasn't picking the players as she isn't a football person she's a business person. A big criticism of Chelsea by the fans over the years is that they don't have a Director of Football, so there's no steady strategy on players, tactics, etc. and they just buy/sell based on the current manager and scout opinions.
That is all much more complicated than extrapolating some bullshit from a 1 sentence headline though.