St. Jude Medical Named a Most Admired Company by FORTUNE Magazine
March 01 2012 - 2:28PM
Business Wire
St. Jude Medical, Inc. (NYSE:STJ), a global medical device
company, today announced that FORTUNE Magazine has named the
company among the “World’s Most Admired Companies” for 2012. St.
Jude Medical was named the most admired company in the Medical
Equipment category.
The company has been named to FORTUNE Magazine's Most Admired
list in each of the last seven years, previously being ranked No. 1
in its category in 2007 and 2008. This year, St. Jude Medical tied
with Stryker Corporation for first place in the Medical Equipment
category, and is among the top 50 most admired companies in the
world.
"It’s an honor to once again be recognized by FORTUNE as one of
the world’s most admired companies," said Daniel J. Starks,
chairman, president and chief executive officer of St. Jude
Medical. "It’s wonderful recognition for the work being done by St.
Jude Medical’s more than 16,000 employees around the world who are
researching, treating and helping advance the practice of medicine
for cardiac, neurological and chronic pain patients through medical
technology.”
Largely viewed as a barometer of corporate reputation, FORTUNE
comprises the “Most Admired” list after gathering a list of FORTUNE
1000 companies, Global 500 companies, and other major non-US
companies. Next, top executives and directors from eligible
companies, along with financial analysts, rate the companies using
customized industry questionnaires to determine a company’s overall
reputation. Companies’ complete ranking results are available
online.
St. Jude Medical’s ranking reflects scores received for each of
the magazine's nine areas of assessment including:
- Innovation
- People management
- Use of corporate assets
- Social responsibility
- Quality of management
- Financial soundness
- Long-term investment
- Quality of products/services
- Global competitiveness
The complete list of "Most Admired Companies" and related
stories will be available in the March issue of FORTUNE magazine,
on newsstands March 5, 2012.
About St. Jude Medical
St. Jude Medical develops medical technology and services that
focus on putting more control into the hands of those who treat
cardiac, neurological and chronic pain patients worldwide. The
company is dedicated to advancing the practice of medicine by
reducing risk wherever possible and contributing to successful
outcomes for every patient. St. Jude Medical is headquartered in
St. Paul, Minn. and has four major focus areas that include:
cardiac rhythm management, atrial fibrillation, cardiovascular and
neuromodulation. For more information, please visit sjm.com.
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties. Such forward-looking
statements include the expectations, plans and prospects for the
Company, including potential clinical successes, anticipated
regulatory approvals and future product launches, and projected
revenues, margins, earnings and market shares. The statements made
by the Company are based upon management’s current expectations and
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. These risks and uncertainties include
market conditions and other factors beyond the Company’s control
and the risk factors and other cautionary statements described in
the Company’s filings with the SEC, including those described in
the Risk Factors and Cautionary Statements sections of the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2011. The Company does not intend to update these
statements and undertakes no duty to any person to provide any such
update under any circumstance.
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