Latin America is home to at least 11 stock exchanges and over 2,000 publicly traded companies. The region offers a vibrant and diverse economic landscape. At Bloomberg Línea we delved into this ecosystem to analyze the CEOs of the region's largest listed companies, focusing on those who have held the role for at least one year and scrutinizing the shareholder returns under their stewardship. We distilled the data down to the 15 executives who have had a marked impact on the region with their stellar performances. However, our analysis also unearthed a significant gap - the stark absence of women in top corporate leadership positions. Stay with us for the comprehensive list of these top-performing CEOs.

PUBLICIDAD
NAME
SECTOR
ANNUALIZED TOTAL RETURN

Roberto Monteiro

 Energy 99.82%

Fabrizio Barderi

 Energy 76.84%

Frederico Trajano

 Retail 66.42%

Martín Migoya

 Technology 36.99%

Marcos Galperin

 E-Commerce 30.92%

Gonzalo Pérez

 Finance 27.84%

Roberto Sallouti

 Finance 27.13%

Arturo Gutiérrez Hernández

 Retail 25.89%

Ullisses Christian Silva Assis

 Finance 24.88%

David Peñaloza Alanís

 Logistics 24.47%

Matías Videla

 Retail 24.25%

Ricardo Dueñas

 Logistics 22.74%

Marcos Marinho Lutz

 Energy 22.63%

Dennis Herszkowicz

 Technology 22.11%

Edgardo Del Rincón Gutiérrez

 Finance 20.27%
PUBLICIDAD

Methodology

  • 87 publicly traded companies were evaluated with at least one active CEO. Private companies were not considered. The companies are part of the MSCI Emerging Markets Latin America Index and the S&P Latin America 35 ADR Index. In addition, companies with Latin American capital that are listed on US stock exchanges were also considered.
  • Number of companies considered: 87. Number of CEOs: 88. Companies evaluated from Brazil (38), Mexico (21), Chile (11), Argentina (5), Colombia (5), Peru (4), Panama (2) y Uruguay(1)

  • See here the complete list of the 88 CEOs.

  • Of the 87 companies that met the requirements of our methodology, only 88 CEOs made the cut, and of them here are the 15 best performing CEOs in the region. There are 88 CEOs, but 87 companies, this is explained by the fact that Televisa has two CEOs.
  • CEOs with at least one year in the position were considered.
  • %TRA: Annualized total return considers dividends reinvested in value taken from the Bloomberg terminal. The calculation considers values in US dollars, not in the local currency.
  • Definition of TRA calculation from the CEOs' start date until May 31, 2023. If the start date was not a business day, the immediate previous date was taken into account.
  • The calculation considers values in US dollars, not the local currency of each country where the company operates and is headquartered.
  • The TRA measurement was taken from the start of the company's listing on the stock exchange. In other words, if the CEO was there before, the measurement is taken from the moment the company went public.
  • The return of the main stock index where the company is listed was estimated using the Bloomberg Terminal, considering the same period for which the TRA was calculated. If the company was not listed on the local stock exchange, the performance on the US stock exchange was used.
  • Information about the CEO's start date was taken from the Bloomberg terminal, verified in official sources, official information from local stock exchanges, and corporate websites.
  • In the measurement, solely as informational and contextual data, the performance of the stock exchange where the company is listed is known to determine if it was above or below the public companies in that index.
  • As informational and contextual data, it is noted if there are women on the board of directors or management board of the company where the CEO is located. Their names and the proportion of women compared to the total size of the board are recorded. This does not influence the CEO measurement.
  • As informative and contextual data, it is noted if the CEO is part of the management board or board of directors of the company. This also does not influence the executive's measurement.