Developed Europe Executive Team
Economic downturns have a way of separating good leaders from great ones.
After two years of uncertainty surrounding Covid-19, Europe is lurching towards a recession. In March, the outbreak of conflict in Europe for the first time since the end of the Cold War sent shockwaves through the continent. Business leaders are now looking toward a long winter, after Russia’s decision to cut off Europe’s gas supply added to the inflationary pressures affecting the cost of everything from construction to baked bread. It takes more than a business-as-usual approach to survive, according to the top-scoring chief executives in Institutional Investor’s 2022 Developed Europe and Emerging EMEA Executive Teams.
To determine the members of Institutional Investor’s 2022 Developed Europe Executive Team, we surveyed buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions that cover the region, including those who cast and received votes in this year’s Europe Research Team survey. Survey results reflect the opinions from 1,380 investment professionals at 632 financial services firms.
We asked the participants to rate the chief executive officers, chief financial officers and investor relations professionals at the companies in their coverage universes. CEOs were rated on their credibility, leadership and communication. CFOs were rated on their ability in capital allocation, financial stewardship and communication. For the Investor Relations programs, companies were rated on the following attributes: productivity of NDR/road shows/conferences; earnings calls; business and market knowledge; responsiveness; authority and credibility; timing of financial disclosure; consistency of financial disclosure; and granularity of financial disclosure. Additionally, voters also rated each company on the quality of analyst/investor events, company board, and ESG metrics.
All votes are weighted by rating (five being excellent; one being average) and attributes within each category were aggregated to create the CEO, CFO, IR Professional, IR Program, ESG, Company Board, and Analyst/Investor Event rankings. The overall rankings in each of the categories are based on combined buy- and sell-side votes. Separate rosters (buy side, sell side) are also available for each award classification.
Using the same approach as above, a separate ranking was determined to create the 2022 Developed Europe Small & Mid-Cap Executive Team ranking, where we recognized companies with less than $10 billion in market capitalization.
Honored Companies are companies who achieved at least one published position. To earn the designation of Most Honored Company in the overall ranking, a company must achieve a weighted score of twelve or more points across the seven categories in the combined, buy-side and sell-side rankings, wherein each first-place position is worth three points; second place, two; and third place, one. In the small & Mid-Cap ranking, a company must achieve twelve points in the combined rankings across the seven categories to be a Most Honored Company.
To be eligible for inclusion on the 2022 Europe Executive Team, a company must be headquartered or have operational or executive headquarters in the region. We keep confidential the identities of the survey respondents to ensure their continuing cooperation. Voters must meet eligibility requirements, and winners must achieve a minimum vote count. All ballots are subject to review by our Research Operations Group.