Three Indian-origin CEOs featured in HBR’s top 10 best-performing CEOs

Three Indian-origin chief executive officers (CEOs) have been featured in ‘The Best-Performing CEOs in World, 2019′ list of world’s top 10 best-performing chief executives. The list is compiled by the Harvard Business Review (HBR) and features 100 CEOs.

Key Highlights of List

The list has been topped by American technology company NVIDIA’s CEO Jensen Huang.

Indian CEO’s: Among the world’s top 10 best-performing chief executives on list, three spots have been occupied by Indian-origin CEOs. The 6th spot is held by Adobe CEO Shantanu Narayen, followed by MasterCard CEO Ajay Banga, ranked 7th and Microsoft chief Satya Nadella on 9th spot. The list also features India-born CEO of DBS Bank Piyush Gupta on 89th spot.

The list also includes, Apple CEO Tim Cook who is ranked 62nd, Nike CEO Mark Parker ranked 20, JP Morgan Chase chief Jamie Dimon ranked 23, Lockheed Martin CEO Marillyn Hewson ranked 37, Disney CEO Robert Iger ranked 55 and SoftBank head Masayoshi Son ranked 96.

The 2019 list has four female CEOs in top half of rankings (up from three in 2018). On average, executives on list became CEOs at age 45 and have been in office 15 years.

Parameters: HBR took into account 3 metrics for each tenure of CEO’s- the total shareholder return which includes dividends reinvested adjusted by country and by industry and change in m-cap (market capitalisation) adjusted for share issues, share repurchases and dividends measured in inflation-adjusted USD.

Since 2015, the rankings in list have been based not only on financial performance but also on Environmental, Social and Governance (ESG) Scores ratings. To compile list of world’s best-performing CEOs, the HBR began with companies that at the end of 2018 were in S&P Global 1200, which is an index that reflects 70% of world’s stock market capitalisation and includes firms in North America, Latin America, Europe, Australia and Asia.

Month: Current Affairs - October, 2019