Dubai - Mubasher: Forbes Middle East’s eighth annual flagship "Global Meets Local" list featured 50 individuals leading the regional offices for Forbes Global 2000 companies. The ranking celebrates leaders who successfully contributed to their global businesses' success and withstood what has been a long and disruptive year for all.
Together the high-achieving and diverse cohort represent 26 nationalities. Among the 50, listees of Lebanese origin are the highest (7), followed by German (5), and Egyptian (4) nationalities.
The UAE reigns as the top country for regional headquarters, with 46 of the 50 executives based in the emirates. Only two executives lead firms in Bahrain and one each in Saudi Arabia and Lebanon.
Technology is the most populated sector, comprising 12 listees, trailed by healthcare (6) and banking (5) executives.
Executives from General Electric, Nestle, and Microsoft make up the top three spots.
Moreover, the list recognises trailblazers like Ronaldo Mouchawar, Vice President for Amazon in MENA, who created the White Friday sale knowing that the e-commerce giant's traditional Black Friday would not sit well within the Arab culture.
For Caspar Herzberg, Schneider Electric’s President for the Middle East and Africa, the pandemic-induced lockdowns did not impact his regional strategy. The French firm signed a new $295 million deal in Egypt, intended to underpin the country’s energy network for decades.
“To create this list, Forbes Middle East looked at companies on the Forbes Global 2000 ranking that have significant direct business operations in the Middle East. The highest-ranking leaders from their Middle East headquarters were then ranked on factors such as impact and scope of their role, seniority, impact, personal achievements, and public recognition,” Forbes said.