Back to Listing
Fortune magazine's Businessperson of the Year list for 2012
08 December 2012
Keeping company with the CEOs of Apple, Google and eBay; Westpac Group CEO Gail Kelly has been named in Fortune magazine's Businessperson of the Year list for 2012.
Under Gail's leadership, Westpac Group was the only Australian company to make the list which included both male and females CEOs from some of the world's largest and most influential companies. The list was assessed on:
Financial results, including year-over-year growth in profits and revenues
Stock performance year to date and year over year
Market value of the company
Fortune also assessed off-balance sheet metrics such as strategic savvy, the ability to gracefully steer a very large organisation, risk taking, and cultural significance.
Gail was particularly singled out for her ability to gracefully steer a very large organisation, drive a deposits culture and achieve targets for women in leadership ahead of schedule. According to Fortune:
Westpac has not only weathered the global banking crisis under Kelly but has also grown into one of the 20 largest banks in the world by market capitalisation. In 2008 she led Westpac's acquisition of rival bank St. George, the largest merger in Australian financial services history. Her focus for the bank: getting the retail and business operations to push customer deposits, which grew 12% this year, to roughly $321 billion in U.S. dollars. She also set goals for increasing the number of women in management at the bank. Today Westpac boasts a C-suite that is 40% female -- two years ahead of Kelly's plan.
See the full list of Fortune magazine's Top 50 Businessperson of the Year for 2012.