In an annual survey of investment professionals sponsored by Institutional Investor magazine, David N. Farr, chairman, CEO, and president of Emerson (NYSE: EMR), is ranked as one of "The Best CEOs in America" for the second year in a row. He is also again ranked as the top CEO in the electrical equipment and multi-industry category.
Currently in his ninth year as CEO, Farr has increased emphasis on energy and environmental responsibility in the technology solutions Emerson offers customers, continued to reshape the business portfolio through key acquisitions, and has furthered Emersonâ€™s technology leadership through new product development. Last year, Emerson sales reached a record US$24.8 billion, an increase of 12.1% over the prior year.
Farr has served as CEO of Emerson since October 2000 and was named chairman in September 2004. He is only the third chief executive of Emerson in the past 55-plus years. He assumed the title of company president in November 2005.
To develop its list of the best CEOs, Institutional Investor surveyed more than 900 analysts, portfolio managers and investment professionals from 460 leading institutions. Survey participants cast their votes, ranking their top choices by first, second and third; the magazine then scored each vote by weight, with first place votes counting more than second place and so on, to determine the top CEOs in 57 sectors. For more information about the survey and rankings, visit www.iimagazine.com.
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