FEIGEN ADVISORS

NEW CEO REPORT January

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December

2014

For the full report, contact Anton Warendh at: [email protected]

July 2015

For the full report, contact Anton Warendh at: [email protected]

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© 2015 Feigen Advisors LLC

For the full report, contact Anton Warendh at: [email protected] Contents

Introducing the Feigen Advisors New CEO Report

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New CEOs: The Class of 2014 – Individual Profiles

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CEO Transition Insights When Boards Get Succession Right by Richard D. Parsons, Former Chairman & CEO, Time Warner; Director, The Estée Lauder Companies, Lazard Ltd., and Madison Square Garden; Senior Advisor, Providence Equity Partners, Inc.

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A CEO's First 100 Days by Michael Gross, CEO, Finsbury

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A Best-Practice Handoff: The CEO Succession at Ford Motor Company by Felicia Fields, VP Human Resources & Corporate Services, Ford

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Partnering with Your Board by Clarke Murphy, CEO, Russell Reynolds Associates

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The Next Step: Transitioning to a Post-CEO Career by Ron Williams, Former Chairman & CEO, Aetna; Director, American Express, Boeing, and Johnson & Johnson; Advisor, Clayton, Dubilier & Rice

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The Class of 2014 – Collective Data Analysis

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Sources

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About Feigen Advisors

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© 2015 Feigen Advisors LLC

For the full report, contact Anton Warendh at: [email protected] About the Feigen Advisors New CEO Report

Introducing the Feigen Advisors New CEO Report We are pleased to introduce the Feigen Advisors New CEO Report. This report profiles each new CEO appointed in 2014 in the S&P 250 individually, and provides insights from reviewing the leaders collectively. We also invited five prominent leaders to write a guest feature covering critical areas of CEO succession. In 2014, the S&P 250 welcomed 29 new CEOs to its ranks. Together, these new CEOs lead companies with over $1.8 trillion dollars of revenue. If these companies were a country, that revenue would be greater than the GDP of India and three times that of Switzerland. Who are these leaders? Were they internally promoted or externally hired? What are their backgrounds? What do they aspire to accomplish? An economy which can seamlessly create 29 chief executives to manage over $2 trillion dollars of market capitalization is an economy to be celebrated. As the world faces significant headwinds, large American corporates are a shining standout. They are almost all growing, profitable, well-governed, and well-managed. We focused on the S&P 250, ranked by calendar year 2014 revenue, to provide insight on the largest public companies in our economy. There are some quite interesting discoveries. In 2014 there were only 29 new CEOs in the S&P 250. The average tenure of the 29 CEO predecessors was over ten years. 10 out of the 29 new CEOs had previously been CFO. Nearly 90% of the new CEOs were insiders, 30% had spent at least a quarter century at the companies they now lead. All of the new CEOs were insiders to their industry. Of course, we are at the beginning of these leaders’ careers, and their their greatest opportunities lie ahead. We wish them good luck, and in this short volume, seek to understand their backgrounds as the world watches their progress.

Marc Feigen CEO, Feigen Advisors LLC July 2015

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© 2015 Feigen Advisors LLC

For the full report, contact Anton Warendh at: [email protected] The Class of 2014

Introducing the CEO Class of 2014 Company Ford Motor Company United Parcel Service, Inc. General Motors Company PACCAR Inc. Microsoft Corporation Oracle Corporation Oracle Corporation QUALCOMM Incorporated Time Warner Cable Inc. American International Group, Inc. The Hartford Financial Services Group, Inc. The Home Depot, Inc. The Kroger Company Ross Stores Inc. Target Corporation Wal-Mart Stores Inc. Danaher Corporation Kraft Foods Group, Inc. Actavis PLC Raytheon Company Valero Energy Corporation National Oilwell Varco, Inc. Air Products & Chemicals Inc. Eastman Chemical Company CenterPoint Energy, Inc. HCA Holdings, Inc. International Paper Company United Technologies Corporation ONEOK Inc.

CEO Mark Fields David Abney Mary Barra Ronald (Ron) Armstrong Satya Nadella Safra Catz Mark Hurd Steven Mollenkopf Robert Marcus Peter Hancock Christopher (Chris) Swift Craig Menear Rodney McMullen Barbara Rentler Brian Cornell Douglas (Doug) McMillon Thomas Joyce, Jr. John Cahill Brenton (Brent) Saunders Thomas Kennedy Joseph (Joe) Gorder Clay Williams Seifollah (Seifi) Ghasemi Mark Costa Scott Prochazka R. Milton Johnson Mark Sutton Gregory (Greg) Hayes Terry Spencer

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© 2015 Feigen Advisors LLC

For the full report, contact Anton Warendh at: [email protected]

About Feigen Advisors Feigen Advisors serves large global enterprises, advising on all aspects of value creation. Our clients have created remarkable performance, almost all sustainably outperforming their peer groups. As advisors to the CEO and the Board, ours is the enterprise perspective and we leverage all available opportunities to create value. As experts in the role of the CEO, and as performance catalysts rather than project consultants, we work on our clients' side of the table to help drive performance and growth.

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© 2015 Feigen Advisors LLC