New Delhi (NVI): People of Indian origin have made news once again, this time for their exceptional business acumen and leadership. Three Indian-origin CEOs have secured place in a global list of world’s top 10 best-performing chief executives.
Adobe CEO Shantanu Narayen, MasterCard CEO Ajay Banga, Microsoft chief Satya Nadella have secured 6th, 7th and 9th spot respectively in ‘the Best-Performing CEOs in the World, 2019′ list compiled by the Harvard Business Review (HBR) that features top 100 CEOs of the world. The list has been topped by American technology company NVIDIA’s CEO Jensen Huang.
The list also features India-born CEO of DBS Bank Piyush Gupta on the 89th spot. Apple CEO Tim Cook is ranked 62nd.The list also includes Nike CEO Mark Parker ranked 20, JPMorgan Chase chief Jamie Dimon (23), Lockheed Martin CEO Marillyn Hewson (37), Disney CEO Robert Iger (55) and SoftBank head Masayoshi Son (96).
The HBR said since 2015, its ranking has been based not only on financial performance but also on environmental, social, and governance (ESG) ratings.
Amazon CEO Jeff Bezos, who has been the top CEO every year since 2014 on the basis of financial performance alone, failed to make this year’s list owing to Amazon’s relatively low ESG scores.
To compile the list of the world’s best-performing CEOs, HBR said it began with the companies that at the end of 2018 were in the S&P Global 1200, which is an index that reflects 70 per cent of the world’s stock market capitalisation and includes firms in North America, Europe, Asia, Latin America, and Australia.
The 2019 list has four female CEOs in the top half of the rankings, up from three in 2018 and just two in previous years. On average, the executives on the list became CEOs at age 45 and have been in office 15 years.