CHICAGO, Nov. 6, 2013 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced its 2013 CEO of the Year award nominees at its Management Behind the Moat Conference in Chicago. Morningstar annually recognizes a chief executive who exhibits exemplary corporate stewardship, demonstrates independent thinking, creates lasting value for shareholders, and has put his or her stamp on an industry.
The three nominees for this year's award are:
- Darren Gee, Peyto Exploration & Development Corp.
- Hunter Harrison, Canadian Pacific Railway Ltd.
- John Martin, Gilead Sciences Inc.
"Each year, we identify chief executives who have worked to contribute to their company's economic moat and invest in areas of the business likely to produce the greatest return over time for shareholders. We also look closely at capital allocation decisions and results that make a chief executive worthy of recognition for this particular calendar year," Heather Brilliant, head of equity and credit research for Morningstar, said. "This year's nominees represent the energy, industrials, and healthcare sectors. In addition to being veterans of their industries, they have executed strategies to drive profitability, increase their firms' competitive advantages, and generate long-term value."
Morningstar will announce its 2013 CEO of the Year award winner in January 2014. For Morningstar's article about the nominees, visit http://www.morningstar.com/goto/ceoynominees2013. For the complete list of past winners, visit http://corporate.morningstar.com/CEOhalloffame.
Morningstar introduced its CEO of the Year award in January 2000. Winners are chosen by senior members of Morningstar's equity analyst team based on their in-depth independent research. The company references above should not be considered a solicitation by Morningstar to purchase shares of those companies.
About Morningstar, Inc. Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 437,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 10 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately $176 billion in assets under advisement and management as of Sept. 30, 2013. The company has operations in 27 countries.
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