To determine the members of Extel's 2024 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 1,765 investment professionals at 820 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; quality/relevance 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.
The same approach as above was used to create the 2024 Developed Europe Large Cap and Developed Europe Small & Midcap Executive Team rankings. Companies with greater than $10 billion in market capitalization are considered Large Cap; companies with less than $10 billion in market capitalization are considered Small & Midcap.
Honored Companies are companies who achieved at least one published position. To earn the designation of Most Honored Company, a company must achieve a weighted score of ten 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. When a tie exists in the weighted score, companies are ordered according to the number of ranked positions they received.
To be eligible for inclusion on the 2024 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.
September 5, 2024
Two Italian chief executives have been voted number one in the European financial sector. The results were decided by 1,765 investment professionals from 820 companies. Carlo Messina of Intesa Sanpaolo came first in the Extel survey of best chief executives in banking, while Philippe Donnet of Assicurazioni Generali was ranked best chief executive in insurance.
The two Italian companies were among 19 that clinched first place in their sector in the combined rankings in five or more of the seven voting areas. The seven voting areas comprise best chief executive, best chief financial officer, best investor relations professional, best investor relations practice, best analyst or investor event, best ESG metrics and best company board. Across Europe, 1,006 companies and 2,206 individuals were nominated across 31 sectors.
Carlo Messina celebrated record results at Intesa Sanpaolo. However, he cautioned that high interest rates and soaring profits in banking, alongside the promise of share buybacks, have led analysts and investors to focus too much on rewards at the expense of sound business decisions. Intesa Sanpaolo achieved net income of €4.8bn in the first half of 2024, the best six months of the last 17 years, pushing up full-year profit guidance to above €8.5bn for this financial year and next. Shareholders will be rewarded with a total distribution of €7.4bn in 2024 and a dividend yield of more than 10%.
The two Italian companies were among 19 that clinched first place in their sector in the combined rankings in five or more of the seven voting areas. The seven voting areas comprise best chief executive, best chief financial officer, best investor relations professional, best investor relations practice, best analyst or investor event, best ESG metrics and best company board. Across Europe, 1,006 companies and 2,206 individuals were nominated across 31 sectors.
Carlo Messina celebrated record results at Intesa Sanpaolo. However, he cautioned that high interest rates and soaring profits in banking, alongside the promise of share buybacks, have led analysts and investors to focus too much on rewards at the expense of sound business decisions. Intesa Sanpaolo achieved net income of €4.8bn in the first half of 2024, the best six months of the last 17 years, pushing up full-year profit guidance to above €8.5bn for this financial year and next. Shareholders will be rewarded with a total distribution of €7.4bn in 2024 and a dividend yield of more than 10%.
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Here are the Top Chief Executives in Europe September 5, 2024
Methodology summary
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