Designation (noun)

1. The act of officially giving a name or title to someone or something.
2. The state of being officially given a name or title.

Origin:

Late middle english: from latin designatio(n-), from the verb designare "mark out, appoint", from de- "completely" + signare "mark".

Examples:

1. He was given the designation of manager.
2. The building was given the designation of historical landmark.
3. The company received the designation of best employer.
4. The designation of the new product was a success.
5. The designation of the new president was announced at the meeting.