Avnet, Inc. (NYSE: AVT), a leading global technology distributor, was recognized for the eighth year in a row on Fortune magazine's “World's Most Admired Companies” list for 2014 in the Wholesalers: Electronics and Office Equipment category. Fortune continues to acknowledge Avnet’s strengths in people management, use of corporate assets, quality of management, financial soundness, long-term investment, and quality of products/services.
“Avnet thrives on helping technology make the world a better place to live, work and play,” said Rick Hamada, chief executive officer of Avnet, Inc. “Our inclusion on Fortune’s list of the ‘World’s Most Admired Companies’ validates our commitment to be the premier partner of choice for our customers, suppliers, employees and shareholders. We are honored by this ongoing recognition, and it motivates our dedicated, global team of employees to continue accelerating the success of our customers and business partners around the world.”
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 Fortune’s list of the “World’s Most Admired Companies,” visit http://www.fortune.com.