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Posted on Dec 24, 02:27PM | IBNS
ITC Limited chairman Y C Deveshwar has been ranked the seventh best performing CEO in the world by the Harvard Business Review (HBR) in its January-February 2013 edition, the company said on Sunday.
In the global scorecard on "100 Best Performing CEOs in the World" published by magazine, the ITC Chairman is also ranked first among the Indian CEOs, the conglomerate said.
"The 2013 global HBR CEO scorecard looked at how much total shareholder returns had changed over a time period from the CEO's 1st day in office to 31st August 2012 (adjusting for country and industry effects), as well as the overall increase in market capitalisation," ITC said.
Harvard Business Review introduced this evaluation in 2010 and their enedeavour was to implement a scorecard that would not only get people talking about long-term performance but also alter the way that boards,executives, consultants, and management scholars thought about and assessed CEOs.