PHOENIX—Avnet, Inc. (NYSE:AVT), a global value-added technology distributor, was recognized on Fortune magazine's 2013 “World's Most Admired Companies” list. Avnet placed No. 1 for the fifth year in a row in the Wholesalers: Electronics and Office Equipment category. Fortune continues to acknowledge Avnet as a leader in people management, social responsibility, quality of management, and quality of products/services.
“We are honored to be number one in this category for the fifth year in a row,” said Rick Hamada, chief executive officer of Avnet, Inc. “Avnet's ranking on Fortune's list of 'World's Most Admired Companies' is very exciting and noteworthy recognition for our team – who consistently focus on accelerating the success of our partners. Our top position on this prestigious list helps reinforce the culture and values we respect, as well as the key strategies we are committed to in driving Avnet's long-term value creation.”
Fortune's rankings, described as the “definitive report card on corporate reputations,” are based on a survey of executives, directors 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 – a company's score must rank in the top half of its industry survey to be on the “most admired” list. For more information about the Fortune list of “World's Most Admired Companies,” visit http://www.fortune.com.