Pentair Chairman and CEO Randall Hogan has been named among Harvard Business Review’s (HBR) “100 Best-Performing CEOs in the world” for 2014.
This marks Hogan’s first appearance on the list. He is ranked 68th. The list offers the only ranking of global CEO’s performance over their entire tenure and appears in the November issue of the magazine.
Hogan became CEO of Pentair in 2001 and was appointed chairman in 2002. He first joined the company in 1998 as executive vice president and president of the Enclosures Group (now known as Pentair Technical Solutions).
Under Hogan’s leadership, Pentair has moved from a holding company to an operating company, divesting its power tools business and changing course to move further into the water sector. In 2012, Hogan led the company through a $10 billion all-stock merger with Tyco International’s Flow Control business. The merge resulted in a new Pentair with strengthened fluid process solutions, extended water offerings, advanced thermal and technical capabilities, and enhanced global growth potential.
To create the “100 Best-Performing CEOs in the world” list, HBR looked at CEOs of the S&P Global 1200 who took on their role between 1995 and April 30, 2012. For each executive, HBR evaluated industry-adjusted shareholder returns, country-adjusted shareholder returns and increase in market capitalization over each CEO’s tenure.
HBR also partnered with the Reputation Institute, which ranks global companies annually according to how positively they are regarded, to reorder the list. Its methodology has respondents rate companies on seven dimensions: products and services, innovation, workplace, governance, citizenship, leadership and performance. Then it calculates a score of 0 to 100 for each. Pentair and Hogan ranked 63rd with a score of 69.87 out of 100.
The complete list of the “Best-Performing CEOs in the World” can be found at http://hbr.org/2014/11/the-best-performing-ceos-in-the-world/ar/1.