International Paper ranks No. 1 on list of most admired companies
Published 5:02 am Friday, March 8, 2013
International Paper has been named by Fortune magazine as the number one company in the Forest and Paper Products sector, according to the publication’s annual report of “America’s Most Admired Companies.”
This is International Paper’s 10th time in the last 11 years to top the Fortune list within this category. Out of the nine key attributes on which companies were judged, International Paper took the top spot in seven of those categories within its industry. Those categories included people management, quality of management, financial soundness, quality of products and services, global competitiveness, use of corporate assets and innovation.
“This is well-deserved recognition and a reflection of International Paper’s 70,000 talented employees around the globe,” said John Faraci, chairman and chief executive officer. “Managing through an uneven global economy while continuing to generate solid results is what good execution is all about. Congratulations to all of our employees.”
Hay Group, which has conducted the research for the World’s Most Admired Companies list since 1997 and for America’s Most Admired Companies since 2001, is a global management consulting firm. For information about Hay Group’s services, go to haygroup.com.
International Paper is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging and uncoated papers, complemented by xpedx, the company’s North American distribution company.
Headquartered in Memphis, Tenn., the company employs approximately 70,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2012 were $28 billion.
For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.