Indians at top: 10 global chiefs managing over $400-bn business
NEW DELHI:Indians are increasingly rising to the top of global corporate ladders and just 10 of them are together managing business worth over $ 400 billion -- an amount nearly double the total exports from India in a year.So, it does not come as a surprise whenCEOs are being billed as the latest and leading export from India, given the multi-national giants like Citigroup, Deutsche Bank, PepsiCo, Unilever, Adobe, Mastercard and Motorola having Indian-origin persons in their top leadership positions.
International magazine Time also recently termed CEOs as India's leading export and said that the subcontinent could be "the ideal training ground for global bosses".
Experts believe that Indians' inherent focus on good education and their ability to work in difficult situations is aiding to the trend and more and more Indians could rise to top positions at global companies in near future.
There are about a dozen large global companies outside India with Indians or persons of Indian origin in their top management positions, while there are many more dozens at the helm of affairs at mid-level and smaller companies.
Germany-based global banking majorDeutsche Bank has become the latest to join this league with the recent appointment of cricket-freakAnshu Jain as its co-CEO.
Jain, who once held a small stake in Indian Premier League cricket team Mumbai Indians of Ambanis, was already handling a large part of $ 55-billion banking giant's businesses and his elevation to the top has been long awaited.
Another India-born banker Vikram Pandit was asked to head $ 111-billionCitigroup at a time when it was deep in financial crisis and he has successfully handled a turnaround.
Jain and Pandit are joined by the likes of Indra Nooyi, LakshmiMittal, Ajay Banga, Sanjay Jha, Shantanu Narayen,Rakesh Kapoor, Harish Manwani and Ajit Jain among those holding top leadership positions at global MNCs.
The businesses headed by these ten persons recorded revenue worth $ 410 billion last year and are said to be on a robust growth path for the years to come.
This figure is nearly double the value of Indian exports worth about $ 245 billion last fiscal and approximately one- third of total size of the Indian economy.
According to global HR major Hay Group, the technical skills and the behavioural patterns of Indians make them adaptable to any kind of situation they come across.
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A version of this story appears in the current issue of E—The Environmental Magazine. For more information on the subject of sustainable food systems and business models, check out Food & Water Watch's website at www.foodandwaterwatch.org.
Kraft Foods names Daniel Myers Executive Vice President, Supply ...
Kraft Foods (NYSE: KFT) announced today that Daniel Myers will join the company in September as Executive Vice President, Supply Chain. Myers, 56, will lead the functional groups that make up the company’s integrated supply chain, including Procurement, Manufacturing, Engineering and Customer Service and Logistics. He succeeds David Brearton, who is now Executive Vice President and Chief Financial Officer. Myers will report to Chairman and CEO Irene Rosenfeld and be a member of the company’s executive team.
Myers joins Kraft Foods from Procter & Gamble, where he built an impressive career over the last 33 years. Most recently, he served as Vice President, Product Supply, where he led the supply chain function for P&G’s Global Hair Care business and had coordination responsibilities for the $28 billion Beauty & Grooming business, including manufacturing operations that supported sales in more than 170 countries. In that role, he led a “reinvention” of the company’s Global Hair Care supply chain, tripling the unit’s annual cost savings in three years. In addition, Myers has broad international experience, having worked in every category in the P&G portfolio and in 49 countries.
Myers earned his Bachelor of Science degree in Chemical Engineering from the University of Tennessee. He serves on the board of the Global Supply Chain Institute at the University of Tennessee’s School of Business.
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