International Paper Ranks No. 1 in Forest and Paper Products Sector on
FORTUNE's List of America's Most Admired Companies
MEMPHIS, Tenn., Feb. 28, 2013
MEMPHIS, Tenn., Feb. 28, 2013 /PRNewswire/ --International Paper (NYSE: IP)
today announced that it has once again been named by FORTUNE magazine as the
No. 1 company in the Forest and Paper Products sector according to FORTUNE's
annual report of "America's Most Admired Companies." This is International
Paper's tenth time in the last eleven years to top the Fortune list within
this category. Out of the nine key attributes on which companies are 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.
(Logo: http://photos.prnewswire.com/prnh/20020701/IPLOGO )
"This is well-deserved recognition and a reflection of International Paper's
68,000 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."
The FORTUNE/Hay Group study compiles its data from approximately 1,400
companies: the Fortune 1,000 (the 1,000 largest U.S. companies ranked by
revenue) and non-U.S. companies in Fortune's Global 500 database with revenue
of $10 billion or more. Hay then selected the 15 largest for each
international industry and the 10 largest for each U.S. industry, surveying a
total of 687 companies from 30 countries. To create the 57 industry lists, Hay
asked executives, directors, and analysts to rate companies in their industry
on nine criteria, from investment value to social responsibility. A company's
score must rank in the top half of its industry survey to be listed.
To arrive at the top 50 Most Admired Companies overall, the Hay Group asked
3,800 respondents to select the 10 companies they admired most. They chose
from a list made up of the companies that ranked in the top 25% in last year's
survey, plus those that finished in the top 20% of their industry. Anyone
could vote for any company in any industry.
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 (NYSE: IP) 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 68,000 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.
SOURCE International Paper
Contact: Media: Thomas J. Ryan, +1-901-419-4333; Investors: Glenn Landau,
+1-901-419-1731 and Michele Vargas, +1-901-419-7287
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