Mar 12 2008
The Goodyear Tire & Rubber Company, North America's leading tire maker, has been recognized as the world's most admired motor vehicle parts company by Fortune magazine. Goodyear topped the list of leading companies in four key attributes: innovation, people management, use of assets and global orientation.
Among motor vehicle parts companies in the Fortune Most Admired Companies in America list, Goodyear was also judged the best in regard to innovation and the quality of its products and services.
"This recognition by our industry peers is something for which we are extremely proud," said Robert J. Keegan, Goodyear chairman and chief executive officer. "Not only did Goodyear lead our industry category, but we were ranked well ahead of our global tire competitors," he added.
"When you think about where we were five years ago, nowhere near the top of this list, you see the results of outstanding execution by Goodyear associates around the globe against the strategic drivers of our business."
Keegan said the acknowledgement of Goodyear's innovation is, likewise, the result of the company's commitment to its strategy and a testament to its successful new products.
"We are passionate about innovation and quality," he said. "Our associates are innovating across every facet of our business, not just in product development."
The distinction follows the Feb. 22 recognition by The Wall Street Journal for leading shareholder return for the past five years in the automotive category and recent acknowledgement that Goodyear was among the Top 100 Corporate Citizens selected by Corporate Responsibility Officer magazine. "We see these achievements as both validation of our strategic direction and continuation of our positive momentum," Keegan said. The Fortune Most Admired lists are considered "the definitive report card on corporate reputations." They use a rigorous assessment of industry executives, board directors and securities analysts to determine a company's overall reputation.
Posted March 12th,2008