For the third consecutive year, Prologis CEO Hamid Moghadam has been included in Harvard Business Review's list of 100 Best-Performing CEOs in the World. This year, Moghadam is number 17 on the list ranking the 100 top executives who have implemented long-term strategies that have resulted in established and proven track records. In its ninth year, the list is based on financial returns during a CEO’s entire tenure and also factors in company performance on environmental, social and governance (ESG) issues. Since first appearing on the prestigious list in the #53 position in 2016, Moghadam’s position has risen each year.
According to Harvard Business Review (HBR), steadiness and stability in turbulent times are virtues that significantly define the 100 men and women with spots in HBR’s 2018 ranking of the world’s top-performing CEOs. Their companies have proved that they can maintain momentum amidst varied outside influences such as savvy competition, customer needs, investor demand and political and economic change.
To compile their list of the world’s best-performing CEOs, HBR looked at companies on the S&P Global 1200 index at the end of 2017. From there, they excluded those on the job for less than two years and examined the track records of the 881 CEOs running enterprises based in 29 countries. HBR evaluated performance by examining three financial metrics: total shareholder returns, adjusted for performance of the home country’s stock market; total shareholder return, adjusted for industry performance; and change in market capitalization. Averaging the metrics produced an overall financial rank, which accounted for 80 percent of each CEO’s score. The rest of the scoring was based on ESG performance data.
Items of interest from this year's list:
- Moghadam was ranked highest among 7 real estate CEOs on the list at #17
- CEOs listed have been in the position for an average of 16 years, versus an average in 2017 of 7.2 years for S&P 500 CEOs