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L’ORÉAL AMONG THE WORLD'S TOP 20 MOST RESPECTED COMPANIES
L’Oréal ranks 17th in the Financial Times 2005 list of “The World’s Most Respected Companies”, an annual survey conducted in association with PricewaterhouseCoopers. The Group jumps 19 places, up from 36th place last year.
Peer Group Jury
Ranked 17th—up from 36th place last year—on the Financial Times/PricewaterhouseCoopers' eighth annual list of “The World’s Most Respected Companies”, L’Oréal is clearly held in high esteem by the international corporate community. The ranking is based on a survey of the world’s top business leaders as well as interviews with fund managers, media commentators and NGOs. This year, 945 CEOs in 25 countries were queried on a broad range of topics concerning specific sectors and worldwide businesses in general. Views were solicited on which companies provided the most share holder value, best service quality, most commitment to and investment in local communities, best corporate governance, most innovate products and services, best product quality and other criteria.
Unwavering Long-Term Strategy
When asked what international businessmen and women might admire about L’Oréal’s strategic and management methods, CEO Sir Lindsay Owen-Jones answers “I believe there are principally three things that are important: We are unwavering on our strategy, we have a long-term approach to everything we do, and we attempt to reconcile performance and the interests of all our stakeholders.”
World’s Most Respected Business Leaders
L’Oréal’s CEO, Sir Lindsay Owen-Jones, is ranked this year 11th worldwide in the business leaders table, up from 14th last year for his personal performance. The survey underlines Sir Lindsay’s accomplishment to turn the company into the world leader in its field with a 20-year record of double-digit growth in pre-tax profits. Sir Lindsay believes innovation is at heart of L’Oréal’s success: “We live or die by our ability to innovate, and everyone in the company knows that. By doing so, we encourage people to feel they are empowered to take risk.”
L’Oréal ranks 17th in the Financial Times 2005 list of “The World’s Most Respected Companies”, an annual survey conducted in association with PricewaterhouseCoopers. The Group jumps 19 places, up from 36th place last year.
Peer Group Jury
Ranked 17th—up from 36th place last year—on the Financial Times/PricewaterhouseCoopers' eighth annual list of “The World’s Most Respected Companies”, L’Oréal is clearly held in high esteem by the international corporate community. The ranking is based on a survey of the world’s top business leaders as well as interviews with fund managers, media commentators and NGOs. This year, 945 CEOs in 25 countries were queried on a broad range of topics concerning specific sectors and worldwide businesses in general. Views were solicited on which companies provided the most share holder value, best service quality, most commitment to and investment in local communities, best corporate governance, most innovate products and services, best product quality and other criteria.
Unwavering Long-Term Strategy
When asked what international businessmen and women might admire about L’Oréal’s strategic and management methods, CEO Sir Lindsay Owen-Jones answers “I believe there are principally three things that are important: We are unwavering on our strategy, we have a long-term approach to everything we do, and we attempt to reconcile performance and the interests of all our stakeholders.”
World’s Most Respected Business Leaders
L’Oréal’s CEO, Sir Lindsay Owen-Jones, is ranked this year 11th worldwide in the business leaders table, up from 14th last year for his personal performance. The survey underlines Sir Lindsay’s accomplishment to turn the company into the world leader in its field with a 20-year record of double-digit growth in pre-tax profits. Sir Lindsay believes innovation is at heart of L’Oréal’s success: “We live or die by our ability to innovate, and everyone in the company knows that. By doing so, we encourage people to feel they are empowered to take risk.”