Mumbai, India, October 21, 2014: Harvard Business Review has ranked Seagate Chairman and CEO Steve Luczo as one of the best-performing CEOs in the world. Luczo was ranked No. 34 overall on the magazine’s global list of top 100 CEOs.
“I’m honored to be recognized by such a respected publication and alongside a collection of outstanding leaders,” said Steve Luczo, Seagate Chairman and CEO. “Seagate’s performance and reputation are a result of the collective effort and unwavering commitment of our employees around the world.”
Harvard Business Review primarily focused on total shareholder return and market capitalization in determining their rankings; however, the magazine also examined reputation, strategic vision, authenticity, long-term planning and other “intangibles” in evaluating the world’s top CEOs. Seagate and Luczo ranked No. 32 in reputation, which included measuring products and services, innovation, workplace, governance, citizenship, leadership, and performance. Seagate was one of only five technology companies that made the top 40.
The magazine examined Seagate’s performance under Luczo’s leadership since his return as CEO in 2009. Over that period of time, total shareholder return (country adjusted) was 1,016% and total shareholder return (sector adjusted) was 958%. Also during that time, market capitalization has increased $20 billion.