MELVILLE, N.Y. – March 6, 2007 – FORTUNE has named Arrow Electronics, Inc. (NYSE: ARW) to its annual ranking of America's Most Admired Companies, representing the seventh consecutive year it has been recognized by FORTUNE. The 2007 issue will be available on newsstands on March 19, and is available online now at www.fortune.com.
“We are proud to be recognized for the seventh consecutive year by FORTUNE,” said William E. Mitchell, chairman, president and chief executive officer, Arrow Electronics. “Being named a Most Admired Company is an acknowledgement of the dedication and commitment of our 12,000 employees worldwide. Each and every day they deliver value to our customers, suppliers and shareholders and this is a tribute to their achievements during the past year."
FORTUNE's Most Admired list is the definitive report card on corporate reputation, and is based on research by FORTUNE and its partner, the Hay Group, a global management consulting firm. FORTUNE and the Hay Group surveyed a total of 616 companies in 68 industries during the fourth quarter of 2006.
To create the rankings, more than 13,000 executives, directors and securities analysts rated companies in their own industry based on the following eight key attributes: quality of management; quality of products and services; innovation; long-term investment value; financial soundness; ability to attract, develop and keep talented people; social responsibility; and use of corporate assets.
About Arrow Electronics
Arrow Electronics (www.arrow.com) is a major global provider of products, services and solutions to industrial and commercial users of electronic components and computer products. Headquartered in Melville, N.Y., Arrow serves as a supply channel partner for more than 600 suppliers and 140,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of 260 locations in 55 countries and territories.
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Media Contact:
Krista McNamara
Manager, Corporate Communications
Arrow Electronics, Inc.
631-847-5454
kmcnamara@arrow.com
