International Paper Makes Fortune's List of America's Most Admired Companies
MEMPHIS, TN—February 23, 2015—International Paper has been named by Fortune magazine once again as one of "America's Most Admired Companies." This is International Paper's 12th time in the last 13 years to make the list. Companies are scored in nine categories: ability to attract and retain talented people, quality of management, social responsibility to the community and the environment, innovativeness, quality of products or services, wise use of corporate assets, financial soundness, long-term investment value and effectiveness in doing business globally.
"This recognition is well-deserved for our 58,000 talented employees around the globe that made this possible," said Mark Sutton, chairman and CEO. "We continue to develop our employees to their full potential, while providing the highest level of customer service and innovative products. We also remain focused on delivering strong results for our shareholders. Congratulations to all of our employees for making this happen."
Out of the nine key attributes on which companies are judged, International Paper took the top spot in four of those categories within its industry. Those categories included, people management, use of corporate assets, financial soundness and global competitiveness.
The Fortune/Hay Group study compiles its data from 719 companies in 60 industries. There are 466 U.S. companies and 253 non-U.S. companies. Of the 253 non-U.S. companies, 116 are domiciled in Europe; 122 are from the Asia/Pacific region; and 15 are from the Americas (excluding the United States). The number of companies in an industry ranges from a minimum of six to a maximum of 15. The more international an industry, the more companies in the survey panel. There are several exceptions to the "15 maximum companies" rule.