Fortune magazine admires Avnet

1 April 2009 News

Avnet was recently named No. 1 overall in the Wholesaler: Electronics category in the annual ‘Most Admired Companies’ list by Fortune magazine.

A global technology marketing, distribution and services company, Avnet moved up from second place overall in 2008 and was ranked first in eight out of nine reputation attributes, including innovation, people management, use of corporate assets, quality of management, financial soundness, long-term investment, quality of service and global competitiveness.

“Being named the most admired company in our industry is a distinct honour and huge tribute to our talented team of employees around the world,” said Roy Vallee, Avnet chairman and CEO. “We have been consistently investing in building a premier organisation that delivers superior value and accelerates the success of our trading partners. I am very proud of the performance of our team, and this award motivates all of us to reach even higher.”

Described as the definitive report card on corporate reputations, Fortune’s rankings are based on a survey of executives, director, and analysts who are asked to rate companies in their own industry on specific criteria from investment value to social responsibility. Only the best are listed, as a company’s score must rank in the top half of its industry survey to be on the ‘most admired’ list.

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