02.24.03
Fortune Magazine has named Avon Products No. 3 on its "America's Most Admired Companies" list, advancing the company one position from its 2002 ranking. Avon has also been ranked the No. 1 company for executive women by the National Association for Female Executives (NAFE) for the fifth consecutive year. NAFE said Avon, "excels as the best company for women, with the highest numbers of women board members, corporate officers, top earners and in the C-suite (chief positions such as CEO, COO, CFO and CIO)."
"We are honored that, once again, Avon has earned this prestigious recognition by these two respected sources," said Susan Kropf, Avon president and COO. "For more than a century, Avon's reputation has been built upon our founding principles of trust, respect and our commitment to corporate responsibility. And this recognition is a testament to Avon's associates, sales representatives and customers all over the world who have helped our company's continued success."
Fortune magazine measured companies in 66 industries and surveyed 10,000 executives, directors and securities analysts, who rated the companies in their own industries using eight key attributes of reputation: innovation, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, and quality of products and services.
Companies on the "Top 30" NAFE list must demonstrate at least two women on the board of directors, a steadily increasing number of women in senior management, programs that groom women for upper management, maternity/paternity leave and flextime.
"We are honored that, once again, Avon has earned this prestigious recognition by these two respected sources," said Susan Kropf, Avon president and COO. "For more than a century, Avon's reputation has been built upon our founding principles of trust, respect and our commitment to corporate responsibility. And this recognition is a testament to Avon's associates, sales representatives and customers all over the world who have helped our company's continued success."
Fortune magazine measured companies in 66 industries and surveyed 10,000 executives, directors and securities analysts, who rated the companies in their own industries using eight key attributes of reputation: innovation, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, and quality of products and services.
Companies on the "Top 30" NAFE list must demonstrate at least two women on the board of directors, a steadily increasing number of women in senior management, programs that groom women for upper management, maternity/paternity leave and flextime.