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3 India-born CEOs finds place in Fortune Business Person of the Year list

New York, PTI | Updated : 13 November 2014, 08:38 PM

Three leading India-born CEOs, including Microsoft’s Satya Nadella, who took their companies “full speed ahead” have featured in Fortune’s Businessperson of the Year list topped by Google CEO Larry Page.

Mastercard CEO Ajay Banga, Microsoft CEO Satya Nadella and Harman International Chairman Dinesh Paliwal have been named among 50 global corporate heads by Fortune Magazine in its annual ‘Businessperson of the Year’ compilation.

Banga is ranked 28th on the list, Nadella 38th and Paliwal 42nd.

These corporate heads “kept a steady hand on the tiller and took their companies full speed ahead” in a year of “tumult from volatile markets to viral outbreaks to a striking return to Cold War politics.”

Page, who topped the list, has “shown himself to be the world’s most daring CEO” by not only building the Internet’s “most profitable franchise” but also revolutionising transportation and “upending medicine.”

Fortune said Page has built his factory of the future while keeping Google’s multi-billion dollar business humming and positioning the company for a dominant role in the era of wearables and Internet-connected cars and homes.

“In a world where only the paranoid survive, Page has redefined paranoia into unbounded ambition,” Fortune said.

On Banga, Fortune said: “Sometimes it’s about being in the right place at the right time.”

For MasterCard, that very well could come in the form of Apple Pay, which may finally break the barrier between consumers and mobile payment, the magazine said.

“MasterCard and Banga could benefit from increased transactions using mobile phones. But the CEO isn’t letting MasterCard rest on its laurels, as the company continues its efforts to expand in China and other parts of Asia,” it said.

MasterCard’s presence in the region grew by 15pc through three quarters of 2014, compared to 2013, at a time when Asian economies have begun to show some signs of weakness, it said.

Fortune said Nadella introduced a “humbler, leaner, and hipper” Microsoft in his first year as CEO.

“Nadella, who took the helm from the notoriously outspoken Steve Ballmer last February, has initiated a complete strategic overhaul at the software giant.

“His ‘cloud-first’ approach, embodied in Microsoft’s own cloud platform Azure, is well on its way to become a USD 4-billion-a-year player, big enough to take market leaders and Amazon head on,” Fortune added.

First Published: Thursday, November 13, 2014 08:24 PM
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