St. Paul, MN-based Ecolab Inc. Chairman and CEO Doug Baker Jr. has earned the distinction of being one of the world’s 100 best-performing CEOs in this annual project from Harvard Business Review (HBR). This marks the fifth consecutive year Baker has received such recognition.
Ranked 38th, Baker is the only Minnesota CEO on the list, which includes leaders from companies ranging from Adobe, Apple and FedEx to Disney, Nike, Cisco and Kering.
HBR ranks CEOs of companies in the S&P Global 1200 based on company and financial performance, as well as environmental, social and governance (ESG) ratings.
Of note is that HBR changed its methodology this year. In the past, ESG ratings accounted for only 20 percent of a CEO’s overall score. This year, they account for 30 percent to reflect “the fact that a rapidly growing number of funds and individuals now focus on far more than bottom-line metrics when they make investment decisions,” according to the magazine.
This ended up bumping Amazon CEO Jeff Bezos off the Best Performing CEOs list due to “Amazon’s relatively low ESG scores.” Baker, meanwhile, moved up in the rankings. He ranked #52 on the 2018 list and #39 on the 2017 list.
See the report here.
[The photo above was taken while Baker spoke to attendees of Ernst and Young’s (EY’s) annual Strategic Growth Forum in Palm Springs, CA, in 2018. The event is the grand finale of EY’s annual Entrepreneur of the Year Award, from which Baker also has received recognition.]