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Inditex boss Pablo Isla world's 3rd best-performing CEO
16
Oct '15
The Harvard Business Review (HBR) features bosses of 7 textile, apparel and footwear companies and fashion labels in the list of 100 best-performing CEOs in the world.

Spanish multinational clothing company Inditex's CEO Pablo Isla is ranked third in the list after topper Lars Rebien Sørensen of Danish pharmaceutical giant Novo Nordisk and John Chambers of Cisco Systems.

American fashion retailer L Brands CEO Les Wexner has been ranked 11th while Nike CEO Mark Parker has been ranked 21st.

Global apparel and footwear company VF Corporation CEO Eric Wiseman is 34th on the list followed by Japanese retail holding company Fast Retailing CEO Tadashi Yanai at 35th place.

Adidas CEO Herbert Hainer comes in 41st on the list while Christian Dior's Bernard Arnault finishes 44th on the list of 100.

HBR said its ranking of CEOs is meant to be a measure of enduring success. It tracks and analyses each CEO's performance starting from day one of his or her tenure. HBR's goal is to create a list that gets beyond the most recent quarterly or even annual results and truly evaluates long-term performance.

In the past, the ranking was based exclusively on hard stock market numbers. HBR looked at total shareholder return, as well as the change in each company's market capitalization.

While earlier rankings were based solidly on data and not on reputation or anecdote, HBR tweaked things this year and added to the mix a measurement of each company's environmental, social, and governance (ESG) performance. For this HBR relied on the calculations of the investment research firm Sustainalytics. HBR said it now weights long-term financial results at 80 per cent and ESG performance at 20 per cent to decide on the rankings. (SH)

Fibre2Fashion News Desk – India

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