Krzysztof Folta is the best president for difficult times
The ICAN Management Review magazine (successor to the well-known and respected Harvard Business Review Polska) has prepared a ranking of Presidents of companies listed on the Warsaw Stock Exchange, who have most effectively guided their companies through the turbulence of pandemics and lockdowns. Krzysztof Folta, President of the Management Board of TIM, won among the heads of companies from the sWIG80 index.
Three criteria were of the greatest importance in the preparation of the list:
- Total shareholder return in 2021 discounted by the increase in the index representative of the company.
- Change in the nominal value of capitalisation, discounted by the return on the industry index.
- Financial ratios calculated from data published in financial reports for the last four quarters, including EV/EBITDA for industrial and commercial companies.
THE MOST EFFECTIVE PRESIDENTS OF COMPANIES FROM THE SWIG80 INDEX IN 2021
| Krzysztof Folta TIM |
Przemysław Sztuczkowski Cognor |
Tomasz Mirski MFO |
Piotr Bieliński ACTION |
Wiesław Klimkowski PCC Rokita |
| INDUSTRY | INDUSTRY | INDUSTRY | INDUSTRY | INDUSTRY |
| trade | metals | metals | trade | chemistry |
| rate of return10 | rate of return10 | rate of return10 | rate of return10 | rate of return10 |
| capitalisation10 | capitalisation9 | capitalisation10 | capitalisation11 | capitalisation8 |
| indicators8 | indicators8 | indicators6 | indicators3 | indicators4 |
| OVERALL RATING 9.2 |
OVERALL RATING 9.1 |
OVERALL RATING 8.5 |
OVERALL RATING 8.1 |
OVERALL RATING 7.5 |
Here are a few words about Krzysztof Folta, published on the occasion of the ranking in the ICAN Management Review magazine: ‘Over the years, he has consistently rebuilt the traditional sales network towards e-commerce. As a result, over the previous few years, the sales revenues of Poland’s largest distributor of electrical goods have regularly increased by an average of 10-15%, and it is currently experiencing further sales records. 2020, the year in which e-commerce enjoyed success thanks to the pandemic, saw the company’s sales increase by 20%, to a level exceeding PLN 1 billion for the first time. The following year, a key year for the ranking results, brought another increase of more than 30%’.
The magazine’s deputy editor-in-chief, Paweł Kubisiak, also notes that the best ranked presidents are those who are the owners and creators of the companies they manage or who have been in office for many years (such is the case with President Krzysztof Folta). They have the so-called ownership approach. This approach is characterised by a tendency to act quickly and decisively, combined with an aversion to bureaucracy.