Graybar Achieves #1 Industry Ranking on the 2006 FORTUNE “America’s Most Admired Companies” List

Manufacturing News, Source : The Manufacturer US
Published : 19 Mar 2007 21:58

ST. LOUIS, March 16, 2007 – Graybar, a leading distributor of electrical and communications products and related supply chain management and logistics services, has achieved the #1 ranking in the industry category Wholesalers: Diversified on the annual FORTUNE “America’s Most Admired Companies” list.

This is the sixth consecutive year Graybar has earned a place on the list, which is featured in the March 19 issue of FORTUNE. It is the first time Graybar has attained the title Industry Champion, a name bestowed on companies rated at the top of their industry category.

“We are honored to receive the #1 ranking among the largest diversified wholesalers,” said Robert A. Reynolds Jr., chairman, president and chief executive officer of Graybar. “Being named Industry Champion is especially significant because the industry continues to recognize our company’s strengths. We use those strengths to our customers’ advantage by helping them power and network their facilities with speed, intelligence and efficiency.”

To compile the Wholesalers: Diversified industry category for 2006 FORTUNE “America’s Most Admired Companies” List of Industry Champs, survey partner Hay Group selected the top 10 revenue-producing companies in the category and added the #1-rated company from last year. Then they asked directors, executives, and analysts in the industry category to rate the companies according to eight key attributes: innovation, people management, financial soundness, quality of management, use of corporate assets, social responsibility, long-term investment and quality of products/services. The six companies with the highest scores made the list.

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