"I am honored to receive this award on behalf of the 12,000 associates at Acuity Brands who demonstrate that the entrepreneurial spirit is alive and well and continues to thrive at our company,” Nagel said. “We continue to build on our rich legacy of excellence, growth and innovation to provide great returns for our shareholders, superior value for our customers and growth opportunities for our associates. Our passion and intense focus continue to be centered on creating lighting and building management solutions that deliver superior quality, energy efficiency and performance. This award is a tremendous recognition of the success of our associates whose superior teamwork has generated industry-leading performance."
Founded in 1986, the award recognizes entrepreneurs who demonstrate excellence and success in the areas of innovation, financial performance and personal commitment to their businesses and communities.
Nagel, who took over as CEO of Acuity Brands in 2004, was selected as a recipient of the award by an independent panel of judges and recognized for reshaping the company's management structure, reducing head count by 15 percent, developing a "pay for performance" compensation system and instituting the "lean management" technique, among others. The award was presented at EY’s Strategic Growth Forum in Palm Springs, CA, on November 19.