Making string modifications in the database is generally messy, so I think the best way to handle this is to find all the rows containing the words you are interested in, select them, make the substitution in the client language of your choice, then update the rows back to the database with the replaced string.
For the SQL part you can use a regular expression:
SELECT *
FROM table1
WHERE Title RLIKE '[[:<:]]ceo[[:>:]]'
OR Title RLIKE '[[:<:]]vp[[:>:]]'
OR ...
If you just want to find all three letter words as your title implies then use this:
WHERE Title RLIKE '[[:<:]][[:alpha:]]{3}[[:>:]]'