TE Connectivity named among World's Most Admired Companies by Fortune magazine for the eighth consecutive year
Rhea-AI Summary
TE Connectivity (NYSE: TEL), a global leader in connectors and sensors, has achieved recognition on Fortune's World's Most Admired Companies list for the eighth consecutive year. CEO Terrence Curtin attributed this achievement to the company's dedication to innovation and customer partnership, aligned with TE's purpose of creating a safer, sustainable, productive, and connected future.
The prestigious list was compiled through a comprehensive analysis of 650 companies and feedback from over 3,300 executives. The evaluation process, conducted by Korn Ferry and Fortune, assessed nine key attributes, including:
- Global business effectiveness
- Talent attraction and retention
- Long-term investment value
- Innovation capabilities
- Corporate asset management
- Community and environmental responsibility
According to Laura Manson-Smith, Korn Ferry's global leader of organization strategy consulting, companies earn their ranking through leadership reputation, talent management, and strong corporate culture, beyond just financial performance.
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News Market Reaction 1 Alert
On the day this news was published, TEL declined 0.20%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"Our teams around the world are dedicated to driving innovation and being a trusted partner to our customers," said CEO Terrence Curtin. "This commitment is central to how we focus on TE's purpose of creating a safer, sustainable, productive and connected future. I'm pleased that the hard work of our teams is being recognized with our inclusion on this prestigious World's Most Admired Companies list."
Fortune's list highlights organizations most respected by their peers, with executives emphasizing financial stability, innovation, respected leadership and expansion of global businesses. Korn Ferry and Fortune analyzed 650 companies and surveyed more than 3,300 executives to measure reputation based on nine different attributes, including each firm's effectiveness in conducting business globally, its ability to attract, develop, and keep talent, its value as a long-term investment, its innovativeness, its wise use of corporate assets, and its responsibility to the community and environment.
"The world's most admired companies don't earn their ranking through financial results alone. They also get there through the reputation of their leadership, their ability to attract and retain top talent, and a strong culture," said Laura Manson-Smith, Korn Ferry's global leader of organization strategy consulting. "The best strategy on paper is worth nothing without an engaged and skilled workforce to make it happen."
More information on Fortune's World's Most Admired Companies list can be found here.
About TE Connectivity
TE Connectivity (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, renewable energy, automated factories, data centers, medical technology and more. With more than 85,000 employees, including 9,000 engineers, working alongside customers in approximately 130 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat, Instagram and X (formerly Twitter).
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SOURCE TE Connectivity plc