Komatsu CEO Ranked Among Top 20 World-Wide By Harvard Business Review
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Masahiro Sakane is top-rated Japanese CEO
Rolling Meadows, IL, January 28, 2009- Masahiro Sakane, Chairman of Komatsu Ltd., the parent company of Komatsu America Corp., was named one of the best-performing CEOs in the world, according to a recent Harvard Business Review article. CEOs on the list, were selected from nearly 2,000 CEOs of large public companies worldwide, and were ranked based on the performance of their companies over their entire time in office-or, for those still in the job, up until September 30, 2009. Mr. Sakane served as President and CEO of Komatsu Ltd. from June 2001 to June 2007.
The article comments that the rankings "highlight the great extent to which CEOs account for variations in company performance, beyond those due to industry, country, and economic swings." The article goes on to discern the importance of objective, long-term measures to assess CEO performance.
To be considered for the list, a CEO had to have assumed the job of CEO no earlier than January 1995 and no later than December 2007. CEOs of all publicly traded companies that had made Standard & Poor's Global 1200 or BRIC 40 lists since 1997 were identified and considered, producing a pool of 1,999 CEOs from 1,205 companies.
Three metrics were used in determining the success of the CEOs: country-adjusted total shareholder return, industry-adjusted shareholder return, and the change in equity market capitalization for the CEO's entire tenure. The group of CEOS included for consideration, came from companies based in 33 countries and represented 48 nationalities.
Mr. Sakane ranked seventeenth among his world-wide peers and was the top-rated CEO from a Japanese company.
About Komatsu America Corp.
Komatsu America Corp. is a U.S. subsidiary of Komatsu Ltd., the world's second largest manufacturer and supplier of construction, mining and compact construction equipment. Komatsu America also serves forklift and forestry markets. Through its distributor network, Komatsu offers a state-of-the-art parts and service program to support the equipment. Komatsu has proudly been providing high-quality reliable products for nearly a century. Visit the website at www.komatsuamerica.com for more information.
About Komatsu Ltd.
Komatsu Ltd., established in 1921, is the world's second largest manufacturer and supplier of construction and mining equipment. For nearly 90 years it has proudly provided high-quality reliable products as well as parts and services. In addition to construction and mining equipment, the company's core business also includes industrial-use machinery such as sheet-metal machines and forging presses, forklift trucks and forestry equipment. In the fiscal year ended March 31, 2008, consolidated net sales for Komatsu Ltd. were USD $20,422 million and its employees numbered more than 39,000. Komatsu's shares are listed on the Tokyo and Osaka Stock Exchanges in Japan (6301) and ADRs traded on the OTC market (KMTUY). (http://www.komatsu.com )
Contact:
Shawn-Laree de St. Aubin
Dobbins Communications
312.725.3740
shawnlaree@gmail.com
Mari Aoyagi
Komatsu America Corp.
847.437.4019
maoyagi@komatsuna.com
