Monsanto is ranked No. 8 among the best companies for leaders in a recent survey by Chief Executive magazine.
The ranking takes into account five criteria, and is something the company should be proud of, said Dan Coombes, global leadership development lead.
“This ranking, and the criteria Chief Executive magazine used to determine it, prove the depth and breadth of the leadership development program at Monsanto,” Coombes said. “This is a company where senior leadership believes in and actively supports the development and nurturing of effective leaders, and where they are given the opportunity to advance their career. It also reveals the talented and committed global Talent Management staff that provides these opportunities.”
Companies are scored on five key criteria: having a formal leadership process in place; the commitment level of the CEO to the leadership-development program, as measured by the percentage of time spent; the depth of the leadership funnel, as measured by the percentage of senior-management positions filled by internal candidates, as well as the percentage of middle-management positions filled by internal candidates; the number of other companies that report recruiting from the company being evaluated; and a shareholder value-performance metric based on 10-year growth or decline in market capitalization.
The final top-40 ranking consists of public companies with more than $1 billion dollars in revenue.