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Eight Indians in HBR’s 100 best CEOs list

Dec 25 2012, 13:06 IST
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Indian chiefs: The best-performing CEO over the past 17 years was Steve Jobs. (Reuters) Indian chiefs: The best-performing CEO over the past 17 years was Steve Jobs. (Reuters)
SummaryIndian chiefs: The best-performing CEO over the past 17 years was Steve Jobs

Eight Indian CEOs have made it to the list of 100 global chief executives, compiled by Harvard Business Review (HBR), with ITC’s YC Deveshwar and late Subir Raha of ONGC finding a place in the top 20.

Deveshwar was first among the Indian CEOs featured in this list, and cornered the seventh place overall.

Under his leadership, ITC delivered industry-adjusted shareholder returns of 1,574 per cent and saw its value increase by $45 billion.

The other Indians on the list include late Subir Raha of ONGC, at 13th place, ahead of Reliance Industries’ Mukesh Ambani who was ranked 28th. Larsen & Toubro’s AM Naik was ranked 32nd, followed by BHEL’s AK Puri (38), Bharti Airtel’s Sunil Bharti Mittal (65), Jindal Steel and Power’s Naveen Jindal (87) and Steel Authority of India’s VS Jain (89).

Meanwhile, the best-performing CEO over the past 17 years globally was Steve Jobs of Apple. From 1997 to 2011, Apple’s market value increased by $359 billion, and its shareholder return experienced average compound annual growth of 35 per cent.

“That remarkable accomplishment is likely to go unbeaten for a long time,” HBR said. Jeff Bezos of Amazon.com was at the second place.

Others in the top 10 include, Samsung Electronics’ Yun Jong-Yong (3rd), followed by Vale’s Roger Agnelli (4), Gilead Sciences’ John C Martin (5), Hyundai Motor Company’s Chung Mong-Koo (6), ITC’s Y C Deveshwar (7), Simon Property Group’s David Simon (8), eBay’s Margaret C Whitman (9) and Cisco Systems John T Chambers. The highest-ranked woman on the list is Meg Whitman, currently the CEO of beleaguered HP, whose performance as the CEO of eBay from 1998 to 2008 earned her the 9th spot.

The HBR 100 best performing CEOs in the world list, assessed the long-term performance of each CEO, from the first day on the job to the last and for chief executives still in office, until August 31, 2012.

India’s TOP

* ITC’s YC Deveshwar cornered the seventh place globally

* Late Subir Raha of ONGC at 13th place

* Reliance Industries’ Mukesh Ambani at 28

* Larsen & Toubro’s AM Naik at 32nd slot

* BHEL’s AK Puri at 38

* Airtel’s Sunil Bharti Mittal at 65

* JSPL’s Naveen Jindal at 87

* SAIL’s VS Jain at 89

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