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Saturday, January 07, 2006
Mag names PLDT chief best CEO
Philippine Long Distance Telephone (PLDT) president and chief executive officer Napoleon Nazareno has been named best chief executive in the Philippines for the second straight year by Asiamoney, one of Asia’s leading finance magazines, in its latest survey of investors and analysts.
The survey involved mega-funds, hedge funds and brokerages worldwide to find out the best-managed companies and top executives in Asia. PLDT was chosen as the best-managed company in the Philippines in the large capital category for the third straight year.
Excel
“As Asiamoney’s winner of the best large-cap corporate in the Philippines for 2005, PLDT has excelled in many areas. While inevitably the result of a team effort, analysts and investors see president and chief executive Napoleon Nazareno as the leading force behind the company,” said Asiamoney in its December2005/January 2006 issue.
Nazareno said in the Asiamoney article that consensus is central to his management style. “The biggest challenge managers face is often in the area of execution. When you involve people in the decision-making process, it is usually much easier to win their support,” said Nazareno.
Poll
The poll includes all the key analysts and investors for each country.
There were three categories in the rankings: small capital companies (less than $300 million), medium capital companies ($300 million to $700 million) and large capital companies (over $700 million). PLDT topped the list in the large capital category.
“In the eyes of the investing community, PLDT, the Philippines’ largest provider of fixed-line, wireless and other communications services, has continued to lead on all fronts. Management is highly regarded for being proactive on delivering its message, such as de-leveraging and enhancing dividends and shareholder value,” said Asiamoney in its story. “Analysts and investors agree it is also one of the best companies in the Philippines as regards corporate governance and strategy, investor relations and operating efficiency,” it added. (PR)
For Bisaya stories from Cebu. Click here. (January 7, 2006 issue)
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