IndustryWeek selects ABB as One of World’s 100 Best-Managed Companies

Zurich, Switzerland, August 11, 1999 - ABB said today it has been named to the fourth annual list of IndustryWeek’s 100 Best-Managed Companies. The companies were selected by IndustryWeek editors from the IndustryWeek (IW) 1000, a list of the world’s largest publicly-held manufacturing companies, based on revenues.

It is the first time the technology and engineering company has been selected to the list. The selection criteria included an analysis of ABB’s financial performance; review of a questionnaire filled in by each IW 1000 company; research into the company’s practices in areas such as sustainable development, know-how transfer and other contributions to society; and voting by a panel of more than 100 business leaders, analysts and academics. Among the activities on which ABB was judged were innovative employee development programs, creative research in areas of high-risk and high reward, and the company’s support of various community projects, such as the Special Olympics.

“Industry Week’s 100 Best-Managed Companies demonstrate superior, consistent financial performance,” says John Brandt, editor-in-chief of IW. “We also honor these companies for investing heavily in such areas as research and development, new markets, employees, and society.” IndustryWeek circulates internationally to senior executives in manufacturing and supporting industries and has more than 800,000 readers worldwide.

ABB is a globalized technology and engineering company employing about 160,000 people in more than 100 countries. ABB serves customers in power transmission and distribution; automation; oil, gas, and petrochemicals; industrial products and contracting; and in financial services. Power generation customers are served by the more than 50,000 people in the joint venture ABB ALSTOM POWER.

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    Contact us

    • John Fox
      ABB Corporate Communications, Zurich
      Tel. +41 1 317 7371
      Fax +41 1 317 7958
    • William Kelly
      ABB Inc., Norwalk CT
      Tel. +1 203 750 2246
      Fax +1 203 750 7788
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