FORTUNE's 2003 List of Most Admired Companies
Leading Technology Distributor Jumps to No. 1 From No. 5 on the FORTUNE Annual Poll
SANTA ANA, Calif., Feb. 25 /PRNewswire-FirstCall/ -- Ingram Micro Inc. (NYSE: IM), the largest global wholesale provider of technology products and supply chain management services, announced today it topped FORTUNE's 2003 America's Most Admired Companies ranking of electronics and office equipment wholesalers. The company climbed to the No. 1 position from No. 5 in 2002, demonstrating its commitment to making business partners more profitable and maximizing shareowner value.
FORTUNE's annual poll of 10,000 executives, directors and securities analysts selected Ingram Micro as best in class based on the company's continued innovation, management leadership, employee talent, financial soundness, use of corporate assets, long-term investment value, social responsibility and quality of products and services.
"We are honored to be recognized as America's most admired distributor in our class, and take pride in the strong talents of our team to deliver exceptional operational performance," said Kent B. Foster, chairman and chief executive officer, Ingram Micro Inc. "This honor confirms that our disciplined efforts to improve business processes and enhance service offerings over the past year has resonated with the marketplace. Throughout our global operations, we will continue to find ways to enhance the experience of our business partners and deliver the right results to our customers, associates and shareholders."
Ingram Micro has led the information technology (IT) distribution industry in increasing profitability, lowering supply chain costs for manufacturers and generating demand for new and existing technologies in the market. The company continues to serve as a resource to technology manufacturers and solution providers by aggregating technology products with services, including financing, credit programs and technology market information, that enhance the value chain and spur business opportunities within the IT channel.
With sales and operations in 37 countries, Ingram Micro's global regions provide the distribution of technology products and services, marketing development and supply chain management services to nearly 170,000 technology solution providers and 1,700 suppliers. As the outsourced logistics engine behind a number of today's leading technology manufacturers, retailers and global e-businesses, the company also provides world-class logistics management solutions, improving efficiency and providing lower-cost supply chain structures for its customers.
About Ingram Micro Inc.
As the world's largest provider of technology products and supply chain services, Ingram Micro is the best way to get technology from the people who make it to the people who use it. For more information, visit www.ingrammicro.com/corp .
(C) 2003 Ingram Micro Inc. All rights reserved. Ingram Micro and the registered Ingram Micro logo are trademarks used under license by Ingram Micro Inc.
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