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Inditex CEO Isla tops HBR list of best-performing CEOs

29
Oct '18
Courtesy: HBR
Courtesy: HBR
Pablo Isla, chief executive officer (CEO) of Spanish fashion retail giant Inditex, has topped the list Harvard Business Review’s (HBR) annual global ranking of the 100 best-performing CEOs for the second year in a row. Isla is followed by Jensen Huang of NVIDIA and Bernard Arnault of LVMH. The list, appears in HBR’s November-December issue.

To compile the list, HBR looked at CEOs of the S&P Global 1200 as of April 30, 2018, and calculated overall shareholder return and increase in market capitalization over their entire tenure, according to a press release from the company. It also factored in ratings of corporate environmental, social, and governance (ESG) performance provided by two firms, CSRHub and Sustainalytics.

Isla has been running Inditex, whose brands include Zara, Massimo Dutti and Pull&Bear, since 2005. Measured on financial returns alone, Isla comes 29th in the ranking. But Inditex’s strong ESG performance, which makes up 20 per cent of each CEO’s ranking, vaults him to the top slot.

Amazon CEO Jeffrey Bezos ranks 68th on this year’s list. Only six CEOs have appeared on the list every year since 2013: Jeffrey Bezos of Amazon; Pablo Isla of Inditex; Blake Nordstrom of Nordstrom; Paolo Rocca of Tenaris; James Taiclet Jr. of American Tower; and Renato Alves Vale of CCR. (DS)

Fibre2Fashion News Desk – India


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