ST. LOUIS, March 10, 2005 ï¿½- Graybar, the nation’s leading distributor of electrical and communications products and related supply chain management and logistics services, has achieved a high ranking on Fortune magazine’s annual “Most Admired Companies” list for the second consecutive year.
Graybar has placed second in its category “Wholesalers: Electronics and Office Equipment.” The Fortune 500 corporation has been recognized in Fortune magazine as one of the nation’s “Most Admired Companies” for four consecutive years, moving up three spots to second place in its category last year. The March 7 issue of Fortune carries the listing.
“This recognition is quite an honor for our people because it reflects the opinions of our peers,” said Robert A. Reynolds Jr., chairman, president and chief executive officer of Graybar. “We are committed to helping our customers power and network industrial facilities, offices and housing with speed, intelligence and efficiency. It is only by working to our customers’ advantage everyday that we can hope to be considered for such recognition.”
To compile the 2005 “Most Admired List,” Fortune magazine surveyed 10,000 executives, directors and analysts across the country. Participants were asked to rank companies in 65 industry categories according to eight criteria: innovation, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment and quality of products and services.
Graybar, a Fortune 500 corporation and one of the largest employee-owned companies in North America, is a leader in the distribution of high quality electrical, telecommunications and networking products, and an expert provider of related supply chain management and logistics services. Through its network of more than 250 North American distribution facilities, it stocks and sells products from thousands of manufacturers, serving as the vital link to hundreds of thousands of customers.