Tyson Tops Fortune’s ‘Most Admired’ Food Production List

Tyson Foods Inc. was recognized by Fortune magazine as No. 1 on the World’s Most Admired Companies list in the Food Production segment, moving up four places from the company’s 2016 ranking.

“We’re extremely proud of the work we’ve done, but I can tell you that we’re just getting started,” said Tom Hayes, president/CEO of the Springdale, Ark.-based Tyson Foods. “We’ll use this momentum to drive positive change and continue to position the company for future growth.”

Fortune collaborated with Korn Ferry Hay Group on its survey of corporate reputation, which this year included about 1,500 candidates: the 1,000 largest U.S. companies ranked by revenue, along with non-U.S. companies in Fortune’s Global 500 database that have revenues of $10 billion or more.

The list was then winnowed to the highest-revenue companies in each industry, for a total of 680 in 28 countries. The top-rated companies were selected from the pool of 680, while votes were collected from the executives who work at the companies in the group.

To determine the best-regarded companies in 51 industries, Korn Ferry Hay Group asked executives, directors, and analysts to rate enterprises in their own industry on nine criteria, which include ability to attract and retain talented people, quality of products and services, quality of management, innovation, social responsibility, use of corporate assets and long-term investment value.