Tyson Named "Most Admired" Food Production Company
Springdale, Ark. - February 24, 2005 - FORTUNE magazine has ranked Tyson Foods, Inc. (NYSE: TSN) as America’s Most Admired Company in Food Production. The honor is part of the magazine’s 23rd Annual “Most Admired” list.
To compile the list, the magazine asked 10,000 executives, directors and securities analysts to rate companies in their industry on attributes such as innovation, employee talent, financial soundness, quality of management, use of corporate assets, social responsibility, long-term investment, and quality of products/services. Tyson ranked number one in “food production” for the second time in three years. The company also ranks in the top ten among all “consumer products” companies listed by the magazine.
“We’re gratified to once again be recognized for our work by others in the industry,” said John Tyson, chairman and chief executive officer of Tyson Foods. “I’m proud of our Team Members and the progress we’re making in our efforts to produce more value-added chicken, beef and pork. I'm also pleased that we've instituted a strong set of 'Core Values,' defining who we are as a company, what we do and how we do it."
To qualify for the list, a company must rank among the FORTUNE 1,000 or among the top 25 foreign companies in U.S. revenues. In all, 10,000 people ranked 582 companies on eight attributes. The resulting list and related stories appear in the magazine’s March 7 issue.
“Corporate reputation is the product of alchemy—a mixture of everything from the way a company nurtures homegrown talent to how it manages its balance sheet,” says FORTUNE writer Abrahm Lustgarten. “Throw in one part customer satisfaction, another part shareholder return, add a splash of community citizenship—and voila!—you have a measure of that company’s station in the hierarchy of American business.”
Tyson Foods, Inc. [NYSE: TSN], founded in 1935 with headquarters in Springdale, Arkansas, is the world’s largest processor and marketer of chicken, beef, and pork and the second-largest food company in the Fortune 500. The company produces a wide variety of protein-based and prepared food products, which are marketed under the “Powered by Tyson™” strategy. Tyson is the recognized market leader in the retail and foodservice markets it serves, providing products and service to customers throughout the United States and more than 80 countries. Tyson has approximately 114,000 Team Members employed at more than 300 facilities and offices in the United States and around the world.
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