NVIDIA’s Huang Named One of World’s Best-Performing CEOs by Harvard Business Review
OREANDA-NEWS. NVIDIA’s Jen-Hsun Huang has been named the 29th best-performing CEO in the world, in a new study in the November issue of Harvard Business Review.
The top three CEOs in the study — which is based on an 80-20 weighting between the company’s financial performance and its performance on environmental, social and governance criteria — are Lars Rebien Sorensen, of Danish pharmaceutical company Novo Nordisk; John Chambers, of Cisco; and Pablo Isla, of Spanish retailer Inditex. Rounding out the top five are Elmar Degenhart, of German autoparts-maker Continental, and Martin Sorrell, of WPP, the UK consumer-services group.
“HBR’s ranking of CEOs is meant to be a measure of enduring success,” the publication states. “We track and analyze each CEO’s performance starting from day one of his or her tenure. Our goal is to create a list that gets beyond the most recent quarterly or even annual results and truly evaluates long-term performance.”
Huang ranks as the fourth-highest Information Technology CEO — behind Chambers, Seagate Technology’s Stephen Luczo (#5) and Canon’s Fujio Mitarai (#10). Five other IT CEOs also made the top 100 list, among them Terry Gou, of Hon Hai Precision Industry (#33) and Marc Benioff, of Salesforce.com (#46).
The study measures financial performance over each CEO’s tenure measured by country-adjusted total shareholder return, industry-adjusted total shareholder return and change in market capitalization adjusted for inflation. Environmental, social and governance criteria are ranked based on data from investment-research firm Sustainalytics.