International Paper Ranks No. 1 in Forest and Paper Products On Fortune's 2005 List
Friday, March 18, 2005
STAMFORD, Conn., March 17 -- International Paper today announced that it has once again been named by FORTUNE magazine as the No. 1 company for the Forest and Paper Products sector in FORTUNE's annual report of "America's Most Admired Companies." The survey assessed companies on eight key attributes of reputation: innovativeness, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value and quality of products and services. The Most Admired survey was conducted by an independent management consulting firm on behalf of FORTUNE. The firm took the 10 largest companies by revenue in 64 industries and surveyed 10,000 executives, directors and securities analysts, who rated the companies in their own industries using the eight criteria. "It's an honor to be named the most admired company in the industry for the third year in a row," said John Faraci, chairman and chief executive officer. "This is recognition for the quality work and dedication of our employees worldwide who produce the paper, packaging and wood products that people depend on every day."