Zurich, Switzerland, March 18, 2014 - ABB, a leading power and automation technology group, has been named by Fortune magazine as the most admired company in its sector. The company moved up from sixth place in last year's survey in the Industrial Machinery category.
Fortune's annual rankings are derived from a survey of 15,000 senior executives and industry analysts who rate companies on nine attributes ranging from innovativeness to the ability to attract and retain talent. ABB ranked first within its sector on five (global competitiveness, quality of products/services, quality of management, people management and innovation) of the nine attributes as well as overall.
"We are pleased to be recognized by our peers and Fortune magazine as the global leader and the place to work in our industry," said ABB CEO Ulrich Spiesshofer. "We will continue to create value for our customers, employees and shareholders by realizing the opportunities in our key strategic focus areas of profitable growth, business-led collaboration and relentless execution."
The international Fortune survey covers 25 industry sectors.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 150,000 people.