The list was compiled by the magazine on the basis of various factors including company’s performance, leadership style and total shareholder returns.
The list is based on various parameters like financial results of the company including 12-month and three year growth in profits and revenues, company’s stock performance and total shareholder returns over the same periods.
Interestingly, Amazon’s Jeff Bezos, who led Fortune list in 2012, failed to make in to the top 20 list.
Besides, five women have made the cut to the top 20 list. The women contenders were Ultra Beauty CEO Mary Dillon, ITT CEO and President Denise Ramos, TJX Cos CEO Carol Meyrotwiz, Theranos Founder and CEO Elizabeth Holmes and Williams-Sonoma President and CEO Laura Alber.